GMS 200 Chapter Notes - Chapter 3: Cival, Culture Shock, Management System

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Deborah De Lange

Document Summary

How companies go global: a global business conducts commercial transactions across boundaries. !1: market-entry strategies that involve the sale of goods or services to foreign markets without expensive investment, direct investment require major capital commitments, but they also create rights of ownership and control over operations in the foreign country. !2 bene t, that they could not do or would have dif culty doing on their own(local partner) and access to new markets(outside market: foreign subsidiary, is a local operation completely owned by a foreign rm. While the subsidiary can be acquires, it may be built entirely new by green eld investments, builds an entirely new operation in a foreign country. Regional economic alliances: nafta (the north american free trade agreement) is a trade agreement that links. Monday, february 1, 2016: european union or eu is another regional alliance. is a political and economic alliance of european countries, asia paci c economic cooperation, apec. promote free trade and investment.