ADM 1300 Lecture Notes - Lecture 3: Femininity, Masculinity, Collectivism

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: David Delcorde

Document Summary

Merging of economies into a global economic system. Globalized world = interconnections between political economic and cultural events. Someone, groups, that can influence and affect a corporation"s decisions. Most promising economic growth approach for third world countries. Increases trade and capital flow raised incomes of consumers and quality of life. Polarizes the world = creates haves" and have nots. Developed countries prosper while third world countries suffer. Globalization favours skilled workers increasing environmental problems (exploiting labour) The transformation of other regions and cultures by economically dominant western countries. Contributing factors: global transformation of local culture, emergence of a consumer mentality. Influence of the internet: global transformation of local culture. Large amounts of marketing and differences between companies in different countries (ex: mcdonalds in japan and mcdonalds in the us: consumer mentality. Consumers are constantly bombarded with messaging that promotes the consumption of a good: elite culture. Homogenization and globalization those capable of buying the products (bmw)