MNGT 371 Chapter 4 - Economic development Infrastructure...

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01/21/2016 ° Your Future What you are and will be facing o Borderless world = corporate arena o Success must have a new definition You must think GLOBALLY o Broaden your focus o Make move into international mindset 4 Stages of Globalization o domestic, international, multinational, global o Walmart: multinational because goods are all over the place ° ° Entering International Markets Exporting Global outsourcing Licensing Franchising Join ventures Acquisition Greenfield venture ° ° International environmental factors Economic Socialcultural Political °
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° Economic factors
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Unformatted text preview: Economic development Infrastructure Resource & product markets Per capita Income Exchange rates Economic conditions & & Sociocultural factors Social values, beliefs Language Religion (objects, taboos, holidays) Kin ship patterns Formal education, literacy Time orientation & & Legal – Political Factors Political Risk Government Takeovers Tari±s, quotas, taxes Terrorism, political instability Laws, regulations 01/21/2016 & 01/21/2016 &...
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