ADM 1301 Study Guide - Midterm Guide: Externality, Howlong

• School: University of Ottawa
• Department: Administration
• Course: ADM 1301
• Professor: David Delcorde

Document Summary

Globalization: the merging of previously domestic spaces and issues into one multifaceted and interconnected transactional global village: a term used to describe the growing interdependence of people around the world with regards to social influences, economies and cultural exchanges, refers to the increasing economic integration and interdependence of countries, global movement to increase the flow of goods, services, money in order to create more integrated and interdependent world economy. Key drivers of globalization: market drivers, new markets, strategic alliances, demand for products, cost drivers, source of inexpensive labor, cheaper raw materials, new sources of capital, competition drivers, competition is producing similar goods of equal or better quality at lower costs, competition come from anywhere, government drivers, trade liberalization policies, industry deregulation, privatization, participation in globalization institutions, technology drivers, advances in information and communication technologies facilitate: Integration: complexity, competition, risk, ethical dilemmas, civil society, social responsibility, culture, laws.