GMS 200 Chapter Notes - Chapter 3: Haier, New Balance, Global Sourcing

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

Document Summary

Global economy: resources, markets, competition are worldwide in scope. Globalization: process of growing interdependence among elements of the global economy. Borderless world" where economic integration so extreme nation don"t matter anymore. International management pakaj ghemawat describe us moving to world 3. 0. World 3. 0 : world where nations cooperate in global economy while still respecting different national characters and interests, globalization where national identities remain strong even as opportunities of global market sought. : involves managing operations in more than one country. Procter and gamble run in more than 70 countries. Successful firm rely on managers that hire truly global managers who have strong global perspectives, Example, honda, haier (china best known appliance makers, tried to move south carolina but too. Global manager: culturally aware and informed on international affairs culturally aware, always stay informed about international developments expensive and management style not liked by americans) services from one country in global market.