ADM 1300 Lecture Notes - Lecture 3: Strategic Alliance, Sustainable Development, Joint Venture

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: Matthew Archibald

Document Summary

Understanding why and how companies go global. Conditions that affect the way an org. operates. Conditions change due to: opportunities: new technologies, new markets, threats: economic downturns. Managers must seek out opportunities while avoiding threats. Conditions to be aware of: socio-cultural, technological, economical, political- legal, global. Sociocultural forces: demographic: descriptive elements of people in society (baby boomers), increasing urbanization (population centers, education, societal values: the belief systems that exist within a particular society. (ex. Technological forces: changes in skills and equipment for use to design, produce, and distribute goods and services: product technological changes, process technological changes. Chapter 3: global dimensions of management: world trade organization: enforces trade policies among 150 member nations, decreasing trade barriers. Why: profits, customers, suppliers, capital, and labour. His work focused on understanding cultural dimensions. Power distance: does society accept unequal balance of power. Uncertainty avoidance: degree to which society tolerates risk and uncertainty. Masculinity-femininity: degree to which society values assertive and materialism.