Chap01 110826 - 1-1-1International Management International Management Managing Across Borders and CulturesManaging Across Borders and

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Unformatted text preview: 1-1-1International Management: International Management: Managing Across Borders and CulturesManaging Across Borders and CulturesChapter 1Chapter 1Assessing the Environment Assessing the Environment Political, Economic, Legal, Political, Economic, Legal, TechnologicalTechnological1-1-2ObjectivesObjectivesTo understand the global business environment and how it affects the strategic and operational decisions which managers must make.To critically assess the developments, advantages and disadvantages of globalization.To review the role of technology in international business.To develop an appreciation for the ways in which political, economic, legal and technological factors and changes impact the opportunities that companies face.To discuss the complexities of the international manager’s job.1-1-3GlobalismGlobalismBusiness competitiveness has now evolved to a level of sophistication that many term globalism global competition characterized by networks that bind countries, institutions, and people in an interdependent global economy.1-1-4Regional Trading Blocs Regional Trading Blocs The The TRIADTRIADMuch of today’s world trade takes place within three regional free-trade blocs called the TRIAD market:•The European Union (EU)•Asia•North America1-1-5The European UnionThe European UnionWith 12 of the 15 member states of the European Community adopting a common currency and monetary policy, the EU a single, borderless western European market is now a reality.The EU is the largest and most integrated common market in the world, with 376 million consumers.1-1-6AsiaAsiaJapan and the Four Tigers Singapore, Hong Kong, Taiwan, and South Korea provide most of the capital and expertise for Asia’s developing countries.Japan’s keiretsuand South Korea’s chaebolare large conglomerates of financially linked groups of companies that play a significant role in their countries’ economies.1-1-7North AmericaNorth AmericaThe goal of the North American Free Trade Agreement (NAFTA) between the United States, Canada and Mexico, was to bring faster growth, more jobs, better working conditions, and a cleaner environment for all as a result of increased exports and trade....
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This note was uploaded on 10/10/2011 for the course FINANCE fin4423 taught by Professor Csk during the Fall '11 term at Troy.

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Chap01 110826 - 1-1-1International Management International Management Managing Across Borders and CulturesManaging Across Borders and

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