GMS 200 Lecture Notes - Lecture 5: Midvale Steel, High High, Punched Card

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Shavin Malhotra

Document Summary

Mid-term exam: total time: 70 mins (12:20 to 1:30) 70 questions: syllabus, chapters covered 1, 2, 3, and 13, everything covered in class. Manufacturer domestic agent international distributor sell to retailers in that market: stage 2: direct exporter, via independent distributor. M id r: stage 3: establishing foreign sales subsidiary. We don"t need an id, we can set up a sales office. M so r: stage 4: local assembly (used to reduce tariff/ import duty costs on finished goods, by assembling intermediary parts) Intermediary parts are taxed less b/c a firm provides jobs opportunities: stage 5: foreign production. Tuesday february 11, 2014: firms that form the outset view of the world as one market. X (regions where it"s depreciating, your $ has higher value) Tuesday february 11, 2014: scientific management era, social man/behavioural era, modern era contingency theory (no right or wrong way of managing, depends on the situation you"re in)