geb6 - Chapter 2 Learning Objectives After studying this...

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Unformatted text preview: Chapter 2 Learning Objectives After studying this chapter, you should be able to: 1. Explain the concept of institutions and their key role in reducing uncertainty 1. Articulate the two core propositions underpinning an institution-based view of global business 1. Identify the basic differences between democracy and totalitarianism 1. Outline the differences among civil law, common law, and theocratic law 1. Understand the importance of property rights and intellectual property rights 1. Appreciate the differences among market economy, command economy, and mixed economy 1. Participate in three leading debates on politics, laws, and economics 1. Draw managerial implications POLITICAL SYSTEMS Democracy - political system in which citizens elect representatives to govern the country on their behalf; an individual’s right to freedom of expression and organization is a fundamental aspect of...
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This note was uploaded on 01/25/2011 for the course GEB 3373 taught by Professor Crum during the Spring '10 term at University of Florida.

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geb6 - Chapter 2 Learning Objectives After studying this...

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