MGM102H5 Lecture Notes - Lecture 8: University Of Toronto Mississauga, Outsourcing, Financial Regulation
Document Summary
Mgm102h5s - management in changing environment (winter 2017) Looking for new geographic target markets for the product. Going international doesn"t mean doing more of the same thing in order markets, there may be different challenges and difficulties. You may have to modify the product to suit the international market (satisfy the needs of different markets) Accessing resources that are available in different locations. Purchase resources at a lower cost; lower wage rates; cost of inputs are much lower. Buy out minds around the world where resources can be found without certain restrictions and physical presence. Provide cost advantage and access to markets. Gives us market intelligence (local preferences, costs, local needs etc. ) Doing that at a minimum facility, it can allow the organization to bring down production costs and increase competitiveness. How can canadian firms increase global presence: source materials from international suppliers. 2: distribute and sell in foreign markets. Locate or outsource production activities in international locations.
