GMS 200 Chapter 5: Chapter 5

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Horatio Morgan

Document Summary

Describes management in businesses and organizations with interests in more than one country. Global managers: have strong global perspectives, culturally aware, and informed about current international issues and events. Majority of mcd sales come from outside us. International business: conduct for-profit transactions of goods and services across national boundaries. The process of purchasing materials, manufacturing components, or locating business services around the world. Activities performed in countries where they can be done at low cost. Reshoring: moving foreign manufacturing and jobs back home. Problems with sketchy foriegn countries, rising labour rates, higher transportation costs are some of the reasons for this. More reasons include: access to cheaper energy, stable wage rates, better quality control, good public relations. Exporting: selling locally made products in forgein markets. Account for 30% of total canadaian gdp. Canada exports natural resources (oil, natural gas, water for bottled water) Importing: buying forgein-made products and selling them in domestic markets.