Final Term Paper - RUNNING HEADER: Global Expansion...

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RUNNING HEADER: Global Expansion Management Strategies 1 Global Expansion Management Strategies Dustin Taylor Thomas Edison State College MAN-372 International Management
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Global Expansion Management Strategies 2 Abstract This paper is takes a look at the all of the element dealing with global expansion that have been discussed over the previous five modules. It looks at several countries and shows how each of them have dealt with globalization in a different manner. Globalization has many effects, one being a shift in the way a manager has to do their job. This paper also offers suggestions and recommendations for a manager facing the daunting task of dealing with a company that is going global.
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Global Expansion Management Strategies 3 Introduction Over the past 30 years, the economies of almost every nation on earth has been affected by globalization. The days of relying on only the products or services that your country provides are over. Think about it, many of us order things off of web sites like eBay or Amazon without even thinking about where the products we order are being shipped from. Why? Because it doesn't really matter anymore, that's why. In fact, the textbook I used to complete this course was ordered from a bookstore in Malaysia. It was actually cheaper to order an international edition of the textbook from Malaysia and have it shipped halfway across the world than it was to buy the U.S. edition and have it shipped locally. Globalization has given us the ability to get products or resources from nearly any point on the globe, and at a cost that can be afforded. That being said, not every country has adapted to globalization in the exact same way. Some countries have had a nearly seamless transition into a global economy, while other countries are on the other end of the spectrum or somewhere in between. Throughout this paper, the United States, Russia, North Korea, and South Korea are used as examples of the varying degrees of success with which countries have tackled the issue of globalization. The United States and North Korea represent countries that are at both ends of the globalization spectrum, awhile Russia and South Korea fall somewhere in the middle. Along with globalization has come a new role that managers must fill. Not only must they manage a workforce domestically, but they have to be able to manage a workforce in areas that may be unfamiliar to them. That can create a number of new challenges that the new breed of manager must be ready for. Global World Economy By now, you have probably realized that we will be discussing “globalization” at length throughout this paper. OK, so what is globalization? Our textbook defines globalization as a shift toward a more integrated and interdependent world economy (Hill, 2011). What are the causes of globalization?
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Global Expansion Management Strategies 4 Declining trade and investment barriers In the early part of the century, many nations had barriers and restrictions that made it difficult
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This note was uploaded on 08/26/2011 for the course MAN 372 taught by Professor Toops during the Spring '11 term at Edison State College.

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Final Term Paper - RUNNING HEADER: Global Expansion...

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