MGT 357 Chapter 1.docx - MGT 357 Chapter 1 1 the growth of trade as a percentage of global GDP Reflects the globalization of markets 2 the commercial

MGT 357 Chapter 1.docx - MGT 357 Chapter 1 1 the growth of...

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MGT 357 Chapter 1 1. the growth of trade as a percentage of global GDP: 2. the commercial jet aircraft market: 3. Boeing produced just 5 percent of its original 737 and 747 outside the United States but produces 65 percent of its newer 787 in foreign locations. Boeing’s production strategy: reflects the globalization of production. 4. Boeing’s 787 aircraft is produced by 50 suppliers spread around the world, a huge increase in global outsourcing as compared to the past. Boeing’s strategy, like that of other multinational companies, suggests that: declining barriers to trade and investment are facilitating global production strategies.

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