AFM333 Lecture Notes - Lecture 2: Offshoring, Infosys, Business Process
22 Apr 2017
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Next week teams will be assigned and we will be told to sit with them. 2 quizzes might be scrapped maybe 3: recap: Fall of the berlin wall/fall of the soviet union. India and social reforms (people not allowed)--deregulation. Therefore, these new participants are wired-in, no longer all that far-away. Overview of the globalization of markets: globalization and technological advances have altered the international business landscape more than any other trends. Interconnectedness: the interconnectedness of national economies and the growing interdependence of buyers, producers, suppliers, and governments around the world, 2 sides, market/buyer side: Convergence in buyer preferences in markets around the world: global sourcing. Dispersal of operations and sourcing activities worldwide to minimize costs or maximize quality. The text phases of globalization: phase 1: 1830 to late 1800s. Aided by railroads and ocean transport; the rise of manufacturing and trading companies: phase 2: 1900 to 1930. Fueled by electricity and steel; early mnes: phase 3: 1948 to 1970s.
