Managing in a Global Business
Environment- D080
globalization ✔✔worldwide interconnections in virtually every sphere of activity including the
spread of products, technology, info, and job opportunities
4 fundamental
...
Managing in a Global Business
Environment- D080
globalization ✔✔worldwide interconnections in virtually every sphere of activity including the
spread of products, technology, info, and job opportunities
4 fundamental aspects of globalization ✔✔-trade and transactions
-capital and investment movements
-migration and movement of people
-dissemination of knowledge
outsource ✔✔to obtain goods or services from an outside or foreign supplier
cultural globalization ✔✔the transmission of ideas, meanings, and values around the world in a
way that extends/intensifies social relations
3 major areas of globalization ✔✔-economic
-cultural
-political
economic globalization ✔✔the widespread, International movement of goods, capital, services,
technology, and info
NGOs (non-governmental organizations) ✔✔not for profit organizations that are independent of
the government and are active in humanitarian causes
5 stages of going global ✔✔1. Market entry
2. Product specialization
3. Value chain disaggregation
4. Value chain reengineering
5. Creation of new markets
foreign direct investment ✔✔when a firm invests assets directly into a foreign country's
buildings, equipment, or organizations
opportunities for scale ✔✔cost advantages due to an increase in the amount of output and a
decrease in the cost per unit
4 industry globalization drivers ✔✔-market
-cost
-competition
-government
CAGE analysis ✔✔cultural, administrative, geographic, economic
free trade zone ✔✔a geographic region that a country has opted to reduce barriers to trade with
subsidies ✔✔when a government gives a tax break to a producer to increase their global
competitiveness
types of economy ✔✔-industrialized
-less developed
-developing
planned economy ✔✔government controls factors of production
free market ✔✔individuals own factors of production
traditional economy ✔✔An economy in which production is based on customs and traditions and
economic roles are typically passed down from one generation to the next
command economy ✔✔economic effort is devoted to goals passes down from a ruler or a ruling
class
market economy ✔✔leaders mak
[Show More]
.png)
.png)
.png)
