GMS 522 Study Guide - Midterm Guide: Ethnocentrism, Oligarchy, Protectionism

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 522
• Professor: Ricardo Reyes

Document Summary

North v south notice: richer countries are north; south are 3rd world countries: globalization of markets. Convergence of consumer preference (ie: mcdonald"s in japan v in usa: globalization of production. Exploit undeveloped countries and generate profit from using their labour and supplies. 10 flatteners of the world: berlin wall, net scape, workflow, outsourcing, supply chain, steroids: plastic. Known not as the drug but as the strengthener. Wireless technology being developed therefore a world flattener: uploading (and downloading, offshoring. Gms 522 midterm notes: cost factors, environmental factors, competitive factors. Reasons against going global: the poor: will get poorer, the environment: damages, national sovereignty and local culture. 3 outside influences that can change a society"s culture overtime: media, technology, economy. Language can be spoken and non-verbal; very important when conducting business internationally. Culture: identity of a human group (based on language, religion, etc. ) Masculinity: value competition and success of high masculinity; if low masculine society values nurturing society.