GMS 200 Lecture Notes - Lecture 3: Organizational Learning, Culture Shock, Sustainable Development

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Bamidele Adekunle

Document Summary

Attitudes toward time sequential and synchronic views. Attitudes toward environment inner directed and outer-directed cultures. Culture and its relationship with global diversity. The transfer of management practices and learning across cultures. Key concepts in the challenges of globalization: global economy, globalization, international management, global manager. Africa sadc (south africa development community), ecowas( economic community of west. Reasons for engaging in international business: profits, customers, supplies, capital, labour. Market entry strategies involve the sale of goods or services to foreign markets but do not require expensive investments. Common forms of international business- from market entry to direct investment strategies. Direct investment strategies require major capital commitments but create rights of ownership and control over foreign operations. Criteria for choosing a joint venture partner: Environment is complex, dynamic, and highly competitive. Global business executives must deal with differences in the environment of business in different countries. World trade organization resolves trade and tariff disputes among countries.