ITM 100 Chapter 3: GMS200 Chapter 3

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: Debashish Roy

Document Summary

Global economy: resource supplies, product markets and business competition are worldwide, rather than local/national in scope. Globalization: process of growing interdependence among components of the global economy. (cid:862)(cid:271)orderless (cid:449)orld(cid:863) (cid:449)here e(cid:272)o(cid:374)o(cid:373)i(cid:272) i(cid:374)tegratio(cid:374) is so e(cid:454)tre(cid:373)e that (cid:374)atio(cid:374) states hardl(cid:455) (cid:373)atter. World 3. 0: world where nations cooperate in the global economy while still respecting different national characters and interests. Balance economic gains of global integration with local needs and priorities. National identities remain strong even as global economy is sought. Success depends on being able to attract and hire truly global managers who have strong global perspectives, are culturally aware and stay informed about international developments. Global managers: is culturally aware and informed on international affairs. Joh(cid:374) cha(cid:373)(cid:271)ers, cis(cid:272)o (cid:455)ste(cid:373)s (cid:862) (cid:449)ill put jo(cid:271)s a(cid:374)(cid:455)(cid:449)here i(cid:374) (cid:449)orld (cid:449)here right i(cid:374)frastru(cid:272)ture is, (cid:449)ith the right edu(cid:272)ated (cid:449)orkfor(cid:272)e (cid:449)ith right supporti(cid:448)e go(cid:448)er(cid:374)(cid:373)e(cid:374)ts(cid:863) Global businesses are the foundation of world trade.