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Global Management_Ch8_post

Global Management_Ch8_post - Global Management MNO...

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Global Management MNO 3370 (Honors)
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Are You Involved in Global Business? Who knows where their book bag was made? Who thinks they know where their book bag was made? Who cares where their book bag was made?
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Restaurant menu choices… “The temple explodes the chicken cube” “The water boils the beef” “Chicken silk noodles” “The soil bean burns the beef” “Slip away the chicken slice” “Black mushrooms rape” “Styn fived pine seeds withcorn” “The sugar vinegar in ridge”
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What Is Global Business? Global Business The buying and selling of goods and services by people from different countries.
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The Impact of Global Business Multinational Corporation A corporation that owns businesses in two or more countries. Direct Foreign Investment A method of investment in which a company builds a new business or buys an existing business in a foreign country.
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The Global Dilemma Consistency Adaptation
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Trade Barriers Nontariff Barriers Tariff Voluntary export restraints Government import standards Customs Valuation / Classification Quotas Government Subsidies
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Trade Agreements Regional Trading Zones General Agreement on Tariffs and Trade (GATT) Maastricht Treaty of Europe NAFTA and CAFTA ASEAN and APEC FTAA
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9 Forms for Global Business Cooperative Contracts Strategic Alliances Exporting Wholly Owned Affiliates Global New Ventures
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10 Cooperative Contracts Licensing A domestic company receives royalty payments for allowing another company to produce its product, sell a service, or use its brand name in a specified foreign market Franchising A collection of networked firms in which the manufacturer or marketer of a product/service licenses the entire business to another person or organization
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