Chapter 1 notes
Introduction
• Management – is the process of completing activities with and through other people.
• International Management – is the process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political, and cultural contexts.
• MINC – is a firm that has operations in more than one country, international sales, and a mix of nationalities among managers and owners. Examples: Coco- Cola, McDonalds
Globalization, Antiglobalization, and Global Pressure
• Globalization – can be defined as the process of social, political, economic, cultural, and technological integration among countries around the world.
• Evidence of globalization can be seen in increased levels of trade, capital flows, and migrations
• Offshore –the process by which companies undertake some activities at offshore locations instead of in their countries origin
• Outsourcing – the subcontracting or contracting out of activities to external organizations that had previously been performed by the firm > both have combined to dramatically intensify the effect of increasing global linkages
• Critics disagree, noting that the high number of jobs moving abroad as a result of the offshoring of business services jobs to lower – wage countries does not inherently create greater opportunities at home and that the main winners of globalization are the company executives.
• Over the long term, globalization supporters believe industrialization will create wealth that will enable new industries to employ more modern, environmental friendly technology.
Global and Regional Integration
• In 1994 with the conclusion of the Uruguay Round of multilateral trade negotiations under the General Agreement on Tariffs and trade ( GATT) and the creation of the World Trade Organization (WTO) to oversee the conduct if trade around the world
• World Trade Organization (WTO) – the global organization of countries and... [continues]
Introduction
• Management – is the process of completing activities with and through other people.
• International Management – is the process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political, and cultural contexts.
• MINC – is a firm that has operations in more than one country, international sales, and a mix of nationalities among managers and owners. Examples: Coco- Cola, McDonalds
Globalization, Antiglobalization, and Global Pressure
• Globalization – can be defined as the process of social, political, economic, cultural, and technological integration among countries around the world.
• Evidence of globalization can be seen in increased levels of trade, capital flows, and migrations
• Offshore –the process by which companies undertake some activities at offshore locations instead of in their countries origin
• Outsourcing – the subcontracting or contracting out of activities to external organizations that had previously been performed by the firm > both have combined to dramatically intensify the effect of increasing global linkages
• Critics disagree, noting that the high number of jobs moving abroad as a result of the offshoring of business services jobs to lower – wage countries does not inherently create greater opportunities at home and that the main winners of globalization are the company executives.
• Over the long term, globalization supporters believe industrialization will create wealth that will enable new industries to employ more modern, environmental friendly technology.
Global and Regional Integration
• In 1994 with the conclusion of the Uruguay Round of multilateral trade negotiations under the General Agreement on Tariffs and trade ( GATT) and the creation of the World Trade Organization (WTO) to oversee the conduct if trade around the world
• World Trade Organization (WTO) – the global organization of countries and... [continues]
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