MIS Ch3.1 Notes

MIS Ch3.1 Notes - K3.1 Notes The International Dimension 1 Why is the Global Economy important a International business leads to the trade or

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K3.1 Notes “The International Dimension” 1. Why is the Global Economy important? a. International business leads to the trade or import/export of goods from one country to another b. Ex. When Russia and Eastern Europe economies were opened to the world, optical fiber encircled the world. b.i. This allowed plentiful cheap telecommunications 2. How Does the Global Economy Change the Competitive Environment? a. Ex. Information on the internet, customers can more easily learn of substitutes. a.i. Causes markets to be more competitive in order to keep customers b. The global economy has intensified rivalry by increasing product and vendor choices & by accelerating the flow of information about price, product, availability, and service 3. How Does the Global Economy Change Competitive Strategy? a. The size and complexity of the global economy means that any organization chooses a strategy allowing it to compete industrywide is taking a very big bite. a.i.
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This note was uploaded on 11/29/2011 for the course MIS 235 taught by Professor Sunrro during the Spring '08 term at Miami University.

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MIS Ch3.1 Notes - K3.1 Notes The International Dimension 1 Why is the Global Economy important a International business leads to the trade or

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