GMS 200 Lecture Notes - Lecture 3: Big Mac Index, Country Risk, Regional Comprehensive Economic Partnership

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Ado Abdoulkadre

Document Summary

Lecture 3 notes: management and globalization. Resource supplies, product markets and business competition are worldwide, rather than local. From an economy perspective we are a big free county. The process of growing interdependence of these components in the global economy. We have connections with other countries and their economies, this can open doors and also become threats. You can look at it as an opportunity make the most of it or a threat protect and disconnect, reduce interdependence. Companies today don"t just operate in one place take advantage of resources in different places. As long as you have talent and skilled people, the resources don"t really matter as much: management and globalization. Management in organizations with business interests in more than one country. Transitional in outlook looking at the global picture of the issue, outside the borders. Competent in working with multicultural people you have to travel to other countries, negotiate, discuss etc.