GMS 200 Lecture Notes - Lecture 3: Geert Hofstede, Proxemics, Egalitarianism

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Deborah De Lange

Document Summary

In the global economy, resources, markets, and competition are worldwide rather than local or national in scope. Globalization is the process of growing interdependence among the components of the global economy. World 3. 0 is a world where nations cooperate in the global economy while still respecting different nations characters and interests. It involves managing operations in more than one country. i. e. mcdonald"s. A global manager is culturally aware and informed on international affairs, transnational in outlook, competent in working with people from different culture, and always aware of regional development in a changing world. Global businesses are the foundation of world trade, helping to move raw materials, finished products and specialized services from one country to another in the global economy. Businesses naturally grow and go international for these reasons: Profits global operations offer greater profit potential. Customer global operations offer new markets to sell products. Supplier global operations offer access to needed product and services.