International Agreements, Organizations & Policies Chapter 5 Organizer Positioning in the Global Economy Explain the term “positioning” as it is used in business Import/Export When businesses begin to position themselves on the global market they may choose any of the following strategies. Explain each. Franchise Wholly Owned Subsidiary Joint Venture Strategic Alliance International Company Distinguish between the following two terms. Global Company Chapter5Organizer[1] 1. 2. List what you believe 3. are the five biggest benefits to Global 4. Companies 5. 1. 2. List what you believe 3. are the five biggest challenges to 4. Global Companies 5. Corporate Globalization Define Multinational Company (MNC) How can you locate MNCs? What do most of them do? Using the above criteria, name three Canadian MNCs not mentioned in the textbook. Chapter5Organizer[1] Ethnocentric MNCs Explain the three different ways Multinational Companies operate. Polycentric MNCs Geocentric MNCs Explain the argument that most Multinational Companies are not truly “global”. In what ways should MNCs be “responsible” or “accountable” to their host countries. How do smaller businesses have an advantage over MNCs when it comes to international business Chapter5Organizer[1] Separate International Divisions Explain each of the Functional Divisions following ways a MNC can organize itself for international business Product Divisions International Trade Agreements What is the main purpose of international trade agreements? Organizations Influencing Global Trade What is the G20? How well do they represent the entire world? What are the two or three main things on their agenda? Chapter5Organizer[1]