ADMS 1000 Lecture Notes - Lecture 8: Credit Risk, Franchising, Canadian Tire
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Falling trade barriers (creation of trade agreements among nations- nafta) Cross border flow of goods/sources, people and capital. Sources encouraging global business activity/reasons to go global. When we start a business, we start small, then go medium sized or larger than before and there are reasons for getting bigger. Those reasons are push and pull factors: pull factors. Potential for sales growth =internal/strategic (growth- % of market, saturated markets) Shift toward democracy (less hostile, invites capitalism) Reduction in trade barriers (more companies doing business abroad) Improvements in technology (easier to do business) Target did well in america but did not succeed here in canada. Lack of research which lead to a waste of all the investments. Channels of global business activity: outsourcing and offshoring. Everything is being outsource (both high level and low level jobs) Ethical (safe working environments, exploiting local labours)