MGT 4420 Chapter : Chapter 1 Outline
Document Summary
International management: management: the process of completing activities with a through other people. Globalization and internationalization: globalization: the process of integration among countries around the world with a vision of a single market entity: Social economic political technological cultural: countries are already integrating with other countries, socially not just economically. Internationalization: the process of a business crossing national and cultural borders: purely business crosses boarders. India is projected to be the most populated country in 2050: trends in international investments and trade: International investments: 80% from developed countries, foreign direct investment (fdi): investment in property, plant, or equipment in another country. Investing internationally is growing: growing at healthy rate, outpacing domestic growth in most countries. International trade: over of world trade accounted for by the us, eu, and japan. Increased substantially over the last 2 decades: trade flows among world regions 2005, more of a regionalization than a globalization, energy and cost, more of cultural understanding.
