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GMS 200 Study Guide - Canadian Business, Pizza Hut, Fidelity Investments

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skywombat72
30 Apr 2012
School
Ryerson University
Department
Global Management Studies
Course
GMS 200
Professor
Shavin Malhotra

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GMS 200 Full Course Notes
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GMS 200 Full Course Notes
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Document Summary

Global management: involves managing operations in more than one country. Global economy: in which resources, markets, competition is worldwide in scope. Globalization: the process of growing independence among elements of the global economy. Global manager: culturally aware and informed on international affairs. Profits global operations offer greater profit potential. Customers global operations offer new markets to sell products. Suppliers global operations offer access to needed products and services. Capital global operations offer access to financial resources. Labour global operations offer access to lower labour costs. Market entry strategies global sourcing, exporting and importing, licensing and franchising. Direct investment strategies joint ventures, foreign subsidiaries. Global sourcing: the process of purchasing materials, manufacturing components or business services from around the world. Exporting: local products are sold to foreign countries. Importing: involves the selling in domestic markets of products acquired abroad. Licensing agreement: a local firm pays a fee to a foreign firm for rights to make or sell its products.

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Related Questions

Which of the following factors help determine a manager's span of control? 
 
A)the number of global competitors
B)the level of standardization of the work to be done
C)method of accounting for production
D)form of business ownership
All of the following are political changes that have facilitated globalization EXCEPT
A. The creation of the GATT
B. Increased war in regions worldwide
C. The creation of the WTO
D. Expanding regional trade agreements
Select the statement that best substantiates why we say, "The role of management is changing."
 
a) Future managers must have their ear and eye toward domestic issues because the goal is to bring jobs back to the U.S. by eliminating outsourcing.
 
b) Managers will evolve toward measuring and evaluating individual employee performance and eliminate employees who prefer not to work independently.
 
c) Contemporary managers will focus on global issues and green issues, and continue to emphasize the team approach to work.
 
d) Contemporary managers will emphasize structure and less creative thinking, particularly during recessionary times.