Management Jan 28

Management Jan 28 - Management 1/28/10 Chapter 5 Study...

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Management 1/28/10 Chapter 5 Study question 1: what are the international business challenges of globalization? Global economy o Resources supplies, product markets, and business competition are worldwide, rather than local Globalization o The process of growing interdependence of these components International management o Management in organizations with business interests in more than one country Global manager o Informed about international developments o Transnational in outlook o Competent in working with multicultural people o Aware of regional developments in a changing world o Dated Vietnamese woman, don’t pat children on the head, in Buddhism you’re stealing their souls International businesses o Conduct for-profit transactions of goods and services across national boundaries Reasons why businesses go international o Profits o Customers o Suppliers o Capital o Labor o LARGER EVERYTHING FROM PROFITS TO LABOR Criteria for choosing a joint venture partner:
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Management Jan 28 - Management 1/28/10 Chapter 5 Study...

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