ADM 1300 Chapter 3: (ch.3) 09.29.15

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: Devinder Gandhi

Document Summary

Management & globalization global economy: resources, markets, competition are worldwide in scope globalization: the process of growing interdependence among elements of the global economy. World 3. 0: a world where nations cooperate in the global economy while still respecting different national characters & interests global management: involves managing operations in more than one country global manager: culturally aware and informed on international affairs. Businesses naturally grow and go international for reasons such as these: How companies go global global business: conducts commercial transactions across national boundaries. Global sourcing: materials or services are purchased around the world for local use. Importing and exporting importing: selling in domestic markets of products acquired abroad exporting: local products are sold abroad to foreign customers: exporting is a significant pathway to business growth, expanding exports helps keep local businesses strong. Joint ventures and strategic alliances foreign direct investment (fdi): building, buying all, or buying part ownership of a business in another country.