MGM102H5 Chapter Notes - Chapter 6: Economic Regions Of Russia, Market Risk, Offshoring
Document Summary
Growth of developing economies provides challenges and opportunities. Canada"s natural resources are being demanded significantly. Next few decades will see shift from usa to india, china, brazil, etc. Many large business are beginning to compete on a global scale. Many small to medium businesses are also expanding beyond borders to become a global competitor. The global marketplace is becoming home to many more organizations. Managers must adapt strategies to compete against more competitors than ever. Markets do mature so that new opportunities may arise. Organizations look beyond their current country and market to. Companies in developed countries expand into developing countries leverage new products and vice versa. Ability to asses global market needs is crucial. Costs of inputs in other countries can provide a cost competitive advantage (i. e. low labour costs) Price is a great source for competition with rival organizations.
