ADMS 1010 Study Guide - Quiz Guide: China National Offshore Oil Corporation, Nexen, Offshoring

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Troy Young

Document Summary

The case begins with the mention of foreign takeovers of prominent canadian companies that have occurred over the past decade. That itself demonstrates acquisitions in the business world of canada by those of foreign countries. This is a direct reflection of globalization as a chinese organization has taken over a canadian company. This acquisition was so important that even the canadian government had to be involved in order to validate and approve this acquisition to not only prevent future takeovers but also to maintain and control our natural resources. Another factor that demonstrates the theme of globalization is the fact that along with the acquisition of nexen, the canadian government also required a commitment from the beijing government for better investment access for canadian businesses in china. This could refer to offshoring, outsourcing, foreign direct investment from our side or simply the beginning of joint ventures or strategic alliances with canadian companies and chinese companies.