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Unformatted text preview: the methods in which business is conducted in those countries. The failure to understand the target market will absolutely result in a failed business plan and as such a team that consists of the right professionals is necessary when working globally. Foreign direct investment is another key advantage in globalism in that it allows more developed countries to sponsor substantial growth in emerging markets that might not otherwise have been created. The result is an increase in global output and production resulting in most cases in a higher standard of living. Even smaller companies benefit as they are pulled into supplying those companies that do business locally even if the smaller firm only produces products or services domestically. http://www.businessmanagementclassonline.com/businessmanagement-23-economic-the-global-business-environment.html...
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This note was uploaded on 11/04/2011 for the course BSA/310 BSA/310 taught by Professor Forman during the Spring '10 term at University of Phoenix.
- Spring '10