GMS 200 Lecture Notes - Lecture 17: Global Sourcing, Franchising, Insourcing

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: William Onuwa

Document Summary

Global economy: resource supplies, product market, and business competition is worldwide rather than local. Globalization: the process of growing interdependence of these components in the global economy. Global management: management in organizations with business interests in more than one country. Global businesses: conduct for profit transactions of goods and services across national boundaries. Profits sell at lower prices= profits goes down, increase efficiency, cost of production is lower profits^ Capital don"t rely on local banks that charge high interests, cheaper loans. Labour mobility of people is high nowadays. Global sourcing companies sourcing raw materials businesses need. Sell directly to the consumer and ship to customer or 2. Promote and find distributors, come to warehouse to buy product and then export to different customers around the world (if you don"t have resources) Importing import products from around the world ex: walmart.