Exam (elaborations)
Managing in a Global Business Environment- D080.
- Course
- Institution
Managing in a Global Business Environment- D080.
[Show more]
Seller
Follow
denicetho
Content preview
Managing in a Global BusinessEnvironment- D080
globalization - ANS-worldwide interconnections in virtually every sphere of activity
including the spread of products, technology, info, and job opportunities
4 fundamental aspects of globalization - ANS--trade and transactions
-capital and investment movements
-migration and movement of people
-dissemination of knowledge
outsource - ANS-to obtain goods or services from an outside or foreign supplier
cultural globalization - ANS-the transmission of ideas, meanings, and values around the
world in a way that extends/intensifies social relations
3 major areas of globalization - ANS--economic
-cultural
-political
economic globalization - ANS-the widespread, International movement of goods,
capital, services, technology, and info
NGOs (non-governmental organizations) - ANS-not for profit organizations that are
independent of the government and are active in humanitarian causes
5 stages of going global - ANS-1. Market entry
2. Product specialization
3. Value chain disaggregation
4. Value chain reengineering
5. Creation of new markets
foreign direct investment - ANS-when a firm invests assets directly into a foreign
country's buildings, equipment, or organizations
opportunities for scale - ANS-cost advantages due to an increase in the amount of
output and a decrease in the cost per unit
, 4 industry globalization drivers - ANS--market
-cost
-competition
-government
CAGE analysis - ANS-cultural, administrative, geographic, economic
free trade zone - ANS-a geographic region that a country has opted to reduce barriers
to trade with
subsidies - ANS-when a government gives a tax break to a producer to increase their
global competitiveness
types of economy - ANS--industrialized
-less developed
-developing
planned economy - ANS-government controls factors of production
free market - ANS-individuals own factors of production
traditional economy - ANS-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 - ANS-economic effort is devoted to goals passes down from a ruler
or a ruling class
market economy - ANS-leaders make decisions based on consumer demands
underground economies - ANS-economic transactions that are deemed illegal
socialism - ANS-a system in which the government controls the means of production
and regulates global trade
capitalism - ANS-a system in which the means of production is controlled by private
owners who can choose to participate in global trade
communism - ANS-a system in which all property is publicly owned and the government
controls global trade
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller denicetho. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.34. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now