GMS 200 Chapter Notes - Chapter 03: Cultural Intelligence, Perception Management, Transparency International

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Horatio Morgan

Document Summary

Today is the age of global economy and full of in uences by globalization. Global economy resource suppliers, product markets, and business competition are worldwide. Globalization the process of growing interdependence among the components in the global economy. Some see the effects as a borderless world where economic integration becomes so extreme that nation states hardly matter anymore. Some describe it as a world 3. 0 where nations cooperate in the global economy while still respecting one another"s national characters and special interests. They balance economic gains of global integration with local needs and priorities. In other words world 3. 0 is globalization in which national identities remain strong even as the opportunities of the global economy are sought. Global management management in businesses and organizations with interests in more than one country. Company"s such mcdonald"s depend on being able to attract and hire truly global managers who have strong global perspectives, are culturally aware, and always stay informed about international developments.