ADMS 1000 Chapter Notes - Chapter 8: Decision-Making, Protectionism, Multinational Corporation

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Len Karakowsky

Document Summary

Considered a process that is expanding the degree and forms of cross-border transactions among people, assets, goods, and services. Refers to the growth in direct foreign investment in regions across the world. Reflects the shift toward increasing economic interdependence the process of generating one world economic system or a global economy. A number of fundamental factors have encourages the move to go global . The positive outcomes a business would gain from entering the international context. (1) potential for sales growth: Increases sales are typically the central aim behind a company"s expansion into international business. (2) obtaining needed resources: Obtain resources that are either unavailable to too costly within the domestic borders. Forces that act upon all businesses to create an environment where competing successfully means competing globally. (1) the force of competition: A business may find that it must compete against not only domestic competitors, but foreign competitors as well.