MGT 3200 : TEST 1
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 multi national corporation 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) Global corporation a multi national corporation that centralizes management and other decisions in the home country. Transnational (borderless) organization a structural arrangement for global organizations that eliminates artificial geographic barriers: how organizations go global? (p. 34) The first step in establishing a global market is global sourcing ( or global outsourcing) by the company. Global sourcing is purchasing materials or labor from around the world wherever it is cheapest. The goal is to lower cost and be more competitive. The next step involves exporting and importing goods. Exporting is marketing products domestically and selling them abroad.
