GMS 200 Chapter Notes - Chapter 3: Insourcing, Cultural Intelligence, Joint Venture

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

Document Summary

Global dimensions: management and globalization, global economy, globalization, global management, global manager, culturally aware and informed on international affairs, why companies go global. Increasing reliance of other economies: more opportunity, labour, capital, resources, buyers/suppliers, growth in global financing, reasons to globalize, profit, customers, suppliers, capital, labour, made possible by, technology, communication networks. Internet access: growth in economies, collapse of communism, movement of free trade, how companies go global, market entry strategy. 3: protectionism, regional economic alliances, nafta, eu, sadc, global businesses, global corporation, types, transnational operation, global business, multinational corporations (mnc, pro"s and cons of global corporations, host country and mnc, growth. Income: learning, development, host countries issues, excessive profits, economic domination. Interference with government: hires the best local talent, limited technology transfer, disrespect"s local customs, mnc issues, profit limitation, overpriced resources, exploitative rules, foreign exchange rates, failure to uphold contracts, ethical challenges for global managers, corruptions, child labour, sweatshops.