It knows it must run faster than the fastest lion or it will be killed.
Every morning a lion wakes up.
It knows it must outrun the slowest gazelle or it will starve to death.
It doesn't matter whether you are a lion or a gazelle.
When the sun comes up, you better start running.
(African proverb - from Friedman, 2007)
Luthans and Doh define globalization as "the process of social, political, economic, cultural, and technological integration of countries around the world (8)."
Examples of these include:
Chinese milk Scandal; Satyam scandal; Sony losses
What are the benefits and costs of globalization for different sectors of the society? (companies, workers, communities)
For years we have seen the benefits of globalization, what risks did we overlook?
What ramifications will the economic downturn have on the pace of globalization?
Historical foundations of globalization.
Chinese milk Scandal; Satyam scandal; Sony losses
What are the benefits and costs of globalization for different sectors of the society? (companies, workers, communities)
For years we have seen the benefits of globalization, what risks did we overlook?
What ramifications will the economic downturn have on the pace of globalization?
Historical foundations of globalization.
Trans-Saharan Crosss-Continental trade
Agreements
Trade agreements - link to information about trade agreements.
Changing World
BRIC - what countries compose this group? What is the importance of the group?
B Brazil
R Russia
I India
C China
International management requires a working knowledge of the forces involved in global business operations.
MNCTrade agreements - link to information about trade agreements.
Changing World
BRIC - what countries compose this group? What is the importance of the group?
B Brazil
R Russia
I India
C China
International management requires a working knowledge of the forces involved in global business operations.
What constitutes classifying a company as a MNC?
Substantial direct investment n foreign countries actively manage and regard those operations as integral parts of the company - strategically and organizationally.
UN def
2 or more countries; decision making centers; linked and can influence activities of others.
Top 500 MNC - 70% of world trade
85% of autos
70% computers
65% softdrinks
Fortune Global List
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