MGT 201 Chapter Notes - Chapter 4: North American Free Trade Agreement, Assertiveness, Complete Control
Document Summary
Today"s (cid:272)o(cid:373)pa(cid:374)ies a(cid:374)d (cid:373)a(cid:374)agers operate i(cid:374) a (cid:271)orderless (cid:449)orld that pro(cid:448)ides (cid:271)oth risks a(cid:374)d opportunities. Globalization refers to the extent to which trade and investments, information, ideas, and political cooperation flow between countries. Many companies are going straight to china or india as a first step into international business. The chi(cid:374)ese (cid:272)o(cid:373)pa(cid:374)y le(cid:374)o(cid:448)o has e(cid:373)erged as the (cid:272)ou(cid:374)try"s first glo(cid:271)al (cid:272)orporatio(cid:374), (cid:449)ith managers coming from 14 different nations, living and working in six cities on three continents. China is strong in manufacturing, whereas india is a major provider of services. Brazil, with its rapidly growing consumer market, is becoming a major player in the shifting international landscape. Managers also look to china, india, and brazil as sources of lower-cost technological and scientific brainpower. A multinational corporation (mnc) is an organization that receives more than 25 percent of its total sales re(cid:448)e(cid:374)ues fro(cid:373) operatio(cid:374)s outside the pare(cid:374)t (cid:272)o(cid:373)pa(cid:374)y"s ho(cid:373)e (cid:272)ou(cid:374)try a(cid:374)d has a number of distinctive managerial characteristics.
