FARE 3310 Chapter Notes - Chapter 2: World Trade Organization, North American Free Trade Agreement, Swot Analysis
4 Feb 2017
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Chapter 2: operations strategy in a global environment. A global view of operations and supply chains: the globalization of strategy contributes ef ciency and ads value to products and services, it also complicates a manager"s job improve supply chain. Six reasons for change to international operation: reduce costs. 2: provide better goods and services, understand markets. 5: attract and retain global talent learn to improve operations. Reduce costs: opportunities to cut the cost of taxes and tariffs encourage foreign operations. World trade organization (wto): an international organization that promotes world trade by lowering barriers to the free ow of goods across borders. North american free trade agreement (nafta): a free trade agreement between canada, European union (eu): a european trade group that has 28 member states as of 2015: reduced trade barriers through standardization and a common currency (euro) Improve supply chain: improved by locating families in countries where unique resources are available, expertise, labour or raw material.
