GMS 520 Chapter Notes - Chapter 1: South Asian Association For Regional Cooperation, Free Trade, U.S. Route 3
25 Jan 2016
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Document Summary
Gms 520 week 2 reading: the global business environment. 2012: top 2 risks identified for business leaders and policymakers: severe income disparity, chronic fiscal imbalances. Disasters in other countries could cripple the supply chain. Therefore, developments abroad can have instant repercussions globally. There are societal obligations, too: e. g. pharmaceutical has responsibility to stakeholders and to also get capital for r/d, but have to be good global citizens by giving drugs to countries crippled by aids. Need people who can manage multicultural environment, borderless technology. International management: the process of developing strategies, designing and operating systems, and working with people around the world to ensure sustained competitive advantage. Globalization: networks of international linkages that bind in an interdependent global economy. Increased flow of goods and services, capital, labor, tech. Thomas friedman"s flattening of the world/leveling the playing field: emerging markets, tech advancements, increasingly borderless world. Globality = competing with everyone from everywhere for everything.
