MGMT1101 Lecture Notes - Lecture 1: Meed, International Business, International Trade
Document Summary
Are transactions bigger than countries: 29 out of 100 largest economies were corporations in 2000, out of worlds top 50 economies: 38 countries, 5 firms, 3 government agencies, 3 state-owned enterprises and 1 non profit. All mnes are not equal (in terms of): size/resources, geographical scope/diversification, experience; process of internationalisation, management attitude and structure, degree of control over foreing operations foreign /total assets foreign/ total sales foreign/total employment. Foreign direct investment (fdi: fdi involves the ownership and control, to some degree, of foreign firms, cooperative venture. Globalisation: one meaning: increasing rates of cross border transactions leading to greater interdependence of countries, industries and companies, but changing face of globalisation, globalisation has many dimensions, declining trade barriers: global institutional development e. g. gatt and wto. Information revolution: technology: multi-cantered: non-us firms and fall of the communist regime, globalisation of anti-globalisation. External environments: sum of all the conditions affecting any aspect of the firms current activities and its future development.
