MGT 3200 Study Guide - Final Guide: Bloomberg Businessweek, Multinational Corporation, Kaizen
Document Summary
Textbook (fundamentals of management) & assigned outside reading (moodle) Textbook objectives: what"s a multi-national corporation? (p. 33) Any type of international company that maintains operations in multiple countries: what"s a multi-domestic corporation? (p. 33) A mnc that decentralizes management and other decisions to the local country where it"s doing business: what"s a global corporation? transnational or borderless organization? (p. 33) A global corporation is a mnc that centralizes management and other decisions in the home country. A transnational (borderless) organization is one that uses an arrangement that eliminates artificial geographical barriers: how organizations go global? (p. 34) First, they start with global sourcing (purchasing materials or labor from around the world wherever it is cheapest. Next step is exporting (making products domestically and selling them abroad) and importing (acquiring products made abroad and selling them domestically) Possible use of licensing (used by manufacturing businesses) and franchising (used by service businesses)
