ADM 3319 Final: CROSS CULTURAL NOTES
4 Dec 2016
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Document Summary
Increases economic growth rate, prosperity and opportunity for all participants: technical innovation economic growth rate, prosperity and opportunity for all participants. Increase in international travel and tourism (worldwide sporting events). Increase the wealth of giant corporations and leaves developing countries poorer: harms the environment, neuters government"s ability to govern and results in conspiracies between corporations and governments. Increases unemployment in developed countries: reduces standards (manufacturing, health, quality, environmental), periodic financial crises are caused, disrupting the economies of many countries, homogenizes cultures, fuels income inequality between nations; increases the gap between haves and. Intellectual property is not respected. have-nots: globalization institutions run by developed countries. How have globalization forces affected global managers: economic interconnectedness, free-trade areas, regional trade agreements, complex, dynamic environment, global players. Going global: phases of development: domestic phase, multidomestic phase, multinational phase, global phase. Diversity is resisted: geocentric managers: best fit or contingency approach will be adopted by managers.
