WGU D080 Managing In A Global Business Environment
WGU D080 Managing In A Global Business Environment
Exam (elaborations)
WGU Global Business D080
5 views 0 purchase
Module
WGU D080 Managing In A Global Business Environment
Institution
WGU D080 Managing In A Global Business Environment
WGU Global Business D080
Cost
Economies of scale and scope. Exploiting cost of factors of production
Competition
New Markets and increased levels of trade
Government
Favorable policies and support for industry
Subsidies
A sum of money granted by the government to assist an indus...
wgu global business d080 cost economies of scale a
Written for
WGU D080 Managing In A Global Business Environment
All documents for this subject (84)
Seller
Follow
LectDan
Reviews received
Content preview
WGU Global Business D080
Cost
Economies of scale and scope. Exploiting cost of factors of production
Competition
New Markets and increased levels of trade
Government
Favorable policies and support for industry
Subsidies
A sum of money granted by the government to assist an industry or business
Patents
Protects inventions and improvements to existing inventions for a limited period of time in exchange
for detailed public disclosure of those inventions
Copyrights
A government authority or license giving the owner of an invention the right to exclude others from
making or selling the invention for a set period of time
Trademarks
Protection for any word, name, symbol, device, or any combination used in commerce to identify and
distinguish the goods of one manufacturer or seller from goods manufactured or sold by others
Ethical business practices
Arguably the most substantial of the challenges faced by MNCs-ethical business practices in areas
such as labor, product safety, environmental stewardship, corruption, and regulatory compliance-has
historically played a dramatic role in the success or failure of global players
Organizational structure
Another significant hurdle is the ability to efficiently and effectively incorporate new regions into the
value chain and corporate structure
Public relations
Public image and branding are critical components of most businesses
Leadership
It can be difficult for businesses to find an effective organizational leadership having the appropriate
knowledge and skills to approach a given geographic market successfully
Legal and regulatory structure
Every nation has unique laws and regulations that govern business. MNCs need access to legal
expertise that will help them understand in country laws and comply with applicable regulations
,Infrastructure
Infrastructure includes the basic physical and organizational structures needed for a society to
operate and for an economy to function
Technology
The level of technological development of a nation affects the attractiveness of doing business there
and the type of operations that are possible
Cultural distance refers to people's differences based on language, norms, national or ethnic identity,
levels of trust, tolerance, respect for entrepreneurship and social networks, or other country specific
qualities
Administration
Bilateral trade flows show that administratively similar countries trade much more with each other
than dissimilar countries
In Globalization 1.0
nations dominated global expansion
Globalization 2.0
was driven by the ascension of multinational companies, which pushed global development
In Globalization 3.0
significant software advances have allowed an unprecedented number of people worldwide to work
together with unlimited potential
Authoritarian governments
Centralize all control in the hands of one strong leader or a strong small group of leaders who have
full authority
Totalitarianism
Contends that every aspect of an individual's life should be controlled and dictated by a strong central
government. Tend to use more fear and corruption to maintain control
Anarchism
Contends that individuals should control political activities, and public government is both
unnecessary and unwanted
Democratic governments
Derive their power from the people of the country, either by direct referendum (called a direct
democracy) or through elected representatives of the people (a representative democracy)
Free trade zones
These areas have reduced tariffs, taxes, customs, procedures, or restrictions to promote trade with
other countries
, Command Economy
Economic effort is devoted to goals passed down from a ruler or a ruling class. Resources and
businesses are owned by the government
Mixed economy
Supply and demand are generally determined by individuals or companies, but the government will
intervene as necessary
Traditional economies
Are focused around families or tribes where everyone consumes and produces the same goods, there
is no surplus, and members barter. Little to no global trade is practiced
Market economy, goods and services are owned by individuals or companies that can buy, sell, or
lease them to make a profit with minimum interference by the government
Communism
A system in which all property is publicly owned and the government controls global trade
Capitalism
A system in which the means of production is controlled by private owners who can choose to
participate in global trade
Socialism
A system in which the government controls the means of production and regulates global trade
Industrialized
Prevalent formation of new markets with possibility of saturation
Less developed
Focus on agriculture and raw materials with limited imports
Developing
Growing population which leads to long term growth potential
Civil Law
An inquisitorial system where the investigating judge investigates the facts of the case
Common Law
Judges interpret the law, and judicial rulings can set precedent
Religious Law
Is based on religious guidelines
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 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 LectDan. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.98. You're not tied to anything after your purchase.
