Management and Organizational Studies 2285 Chapter 2: MOS 2285 Ch 2

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2285
• Professor: Trevor Hunter

Document Summary

The nature of businesses: corporations are separate legal entities, obligated to their, owners (shareholders, customers, employees, community. Lowering costs: more efficient operations, procurement of less expensive raw materials. What drives globalization: efficiency drivers make more money be lowering costs. Global producers, so you are no competing against companies from all around the world. Nafta etc. have opened the doors for companies to export to all over the world. Product characteristics that are transferable across borders. Certain things work in many countries, so can go beyond their home market and. Innovation sell elsewhere for example in canada/us the market for dishwashers is saturated, people arent buying a lot, it doesn"t grow, but in some countreis the saturation is only 50% So you would want to go sell them there as more people would buy (this is a product that can cross national borders) but something like poutine would not.