Search... Search Log in Download presentation Globalization We think you(continued) have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you! Buttons: 2 Cancel Download Copyright ©2016 Cengage Learning. All Right s Reserved. M ay not be scanned, copied or duplicat ed, or post ed t o a publicly accessible websit e, in whole or in part . GLOBAL3 | CH1 16 16 / 30 Organic Glycerin Buy Organic vegetable Glycerin Soy Free in Totes & Drums. Use for Organic Flavors O proagrius.com Globalizing Business 1 Copyright ©2016 Cengage Learning. All Rights Reserved. May 51 Similar presentations To make this website work, we log user data and share it with processors. To use this website, you must agree to our Privacy Policy, including cookie policy. I agree. not be scanned, copied or duplicated, or posted to a publicly accessible. Published by Horace Singleton Download presentation Modi ed over 4 years ago We think you have liked 2 this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you! Embed Buttons: Download presentation 2 Grammarly Free Grammar Checker Cancel Download Presentation on theme: "Globalizing Business 1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible."— Presentation transcript: SPONSORED SEARCHES powerpoint presentation 5 examples of compounds hydrogen oxygen nitrogen oxygen slides powerpoint 1 Globalizing Business 1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 2 LEARNING OUTCOMES 2 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 1Explain the concepts of international business and global business 2Give three reasons why it is important to study global business 3Articulate the fundamental question that the study of global business seeks to answer and two perspectives from which to answer it 4Identify three ways of understanding what globalization is 5Appreciate the size of the global economy and the strengths of multinationals 3 Buy Organic vegetable Glycerin Soy Free in Totes & Drums. Use for Organic Flavors 3 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Global Business Concepts Global business: Business around the globe To make this website work, we log user data and share it with processors. To use this website, you must agree to our Privacy Policy, including cookie policy. I agree. OP International business Firms engaging in international economic activities The action of doing business abroad Multinational enterprise (MNE): Firms engaging in foreign direct investment and operating in multiple countriesMultinational enterprise Download presentation 4 4 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied We or duplicated, or posted to apresentation. publicly accessible think you have liked this If you wish to website, in whole or in part. download Global Business Concepts (continued 1) Foreign it, please recommend it to your friends in any social direct investment (FDI): Investment controlling, system.in, Share buttonsand are managing a little bit value-added lower. Thank you! activities in other countries Emerging economies: Developing countries Also known as emerging markets Buttons: 48% of world trade 60% of FDI in ow 40% of FDI out ow 50% of the Global GDP 5 5 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. 2 May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Global Business Concepts (continued 2) Gross domestic product (GDP): Sum of value added by resident rms, households, and governments operating in an economy Purchasing power parity (PPP):Cancel ConversionDownload determining the equivalent amount of goods and services di erent currencies can purchase 6 6 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Global Business Concepts (continued 3) BRIC: Acronym for the emerging economies of Brazil, Russia, India, and China BRICS: Addition of South Africa Triad: Developed economies of North America, Western Europe, and Japan Base of the pyramid (BoP): Vast majority of humanity who make less than $2000 a year 7 7 Exhibit GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 1.1 The Global Economic Pyramid 8 8 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Reasons to Study Global Business Prerequisite to join top ranks of large rms Expatriate manager: Manager who works outside his or her native country -International premium: Signi cant pay raise commanded when working overseas 9 9 Exhibit GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 1.2 Why Study Global Business? 10 10 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Fundamental Question What determines the success and failure of rms around the globe? Uni ed framework Study of global business is interdisciplinary 11 11 Exhibit GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 1.4 A Uni ed Framework for Global To make this website work, we log user data and share it with processors. To use this website, you must agree to our Privacy Policy, including cookie policy. I agree. Business 12 12 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights 13 Buttons: ©2016 Cengage Learning. All Rights 13 GLOBAL3 | CH1 Copyright Reserved. May not be scanned, copied orpresentation duplicated, or posted to a publicly Download accessible website, in whole or in part. Institution-Based View Suggests that rm performance is determined by institutional frameworks governing rm behavior worldwide Institution: FormalWe and informal rules of the Institutional think you have liked thisgame presentation. If you wish to framework: Formal and informal institutions that govern individual and rm in any social download it, please recommend it to your friends behavior Deals with externalsystem. environment Share buttons are a little bit lower. Thank you! Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Resource-Based View Suggests that rm performance is determined by its internal resources and capabilities Deals with 2 rm’s internal resources Liability of foreignness: Inherent disadvantage that foreign rms experience in host countries because of nonnative status 14 14 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Cancel Download Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Resource-Based View (continued) Firm’s resources and capabilities can o set the disadvantage Firms must have valuable and unique rm- speci c resources Not shared by competitors in the same environment 15 15 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Globalization Close integration of countries and peoples of the world Advantages Higher economic growth and standards of living Increase in technology sharing Extensive cultural integration 16 16 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Globalization (continued) Disadvantages Undermining of wages in rich countries Exploiting workers in poor countries Gives too much power to MNEs Destroys the environment Promotes inequality 17 17 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Views on Globalization Novel force spread across the world Result of technological innovation and Western ideology Focuses on exploitation and domination through MNEs Existed since the beginning of human history Historical evolution 18 18 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Pendulum View of Globalization Integration of countries and people across the world Brought about by the: Reduction of the costs of transportation and communication -Breaking down of barriers to the ows of goods, services, capital, knowledge, and people 19 19 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Pendulum View of Globalization (continued 1) Rapid globalization led to: Inaccurate historical view To make this website work, wegrowth log user of data and share it with processors. To use this website, you mustthat agree to our Privacy Policy, including cookie policy. I agree. globalization is new Fear of loss of jobs in developed economies Report of MNEs destroying local companies, cultures, and values in emerging economies 20 20 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Download presentation Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Pendulum View of Globalization (continued 2) Great Recession all have rmsliked of the importance of: Risk Wereminds think you this presentation. If you wish to management: Identi cation and assessment of risks -Preparation to minimize download it, please recommend it to your friends the in any social impact of high- risk, unfortunate events Scenario planning: Technique prepare system. Share buttons are a little bit lower.toThank you! and plan for multiple scenarios 21 Buttons: 21 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Semiglobalization Perspective that 2 suggests that barriers to market integration at borders are high Not high enough for complete insulation between countries 22 22 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Cancel Download Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Semiglobalization (continued) Types of globalization Total isolation - Suggests localization -Strategy that treats each country as a unique market -Expensive Total globalization - Lead to standardization -Strategy of treating the entire world as one market 23 23 Exhibit GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 1.5 Top Ten Largest Firms in the World (Measured by Sales) 24 24 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Debate: Ethical Dilemma Opponents of globalization Nongovernmental organizations (NGOs): Organizations not a liated with governments Firms view NGOs as partners Current business school students exhibit values and beliefs that favor globalization 25 25 Exhibit GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 1.6 Views on Globalization 26 KEY TERMS 26 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. International business (IB) Multinational enterprise (MNE) Foreign direct investment (FDI) Global business Emerging economy (emerging market) Gross domestic product (GDP) Purchasing power parity (PPP) BRIC BRICS Triad Base of the pyramid (BoP) Expatriate manager International premium 27 KEY TERMS 27 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Institution-based view Institution Institutional framework Resource-based view Liability of foreignness Globalization Risk management Scenario planning Semiglobalization To make this website work, we log user data and share it with processors. To use this website, you must agree to our Privacy Policy, including cookie policy. I agree. Nongovernmental organization (NGO) 28 SUMMARY 28 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All 29 Buttons: SUMMARY 29 GLOBAL3 | CH1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not beDownload scanned, copied or duplicated, or posted to a presentation publicly accessible website, in whole or in part. International business Business or rm that engages in international economic activities Action of doing business abroad Global business helps one’s employability and career in the wish to Weadvance think you have liked this presentation. If you global economy Helps prepare for possible expatriate assignments O ers download it, please recommend it to your friends in any social stronger competence system. Share buttons are a little bit lower. Thank you! Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Perspectives in global business Institution-based view Resource-based view Globalization is the close integration 2 of countries and peoples of the world There is an increase in the number of MNEs originating from developing countries 30 30 GLOBAL | CH1 Copyright ©2016 Cengage Learning. All Rights Cancel Download Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Write With Con dence Polish your words and sound the best you possibly can. Try Grammarly today Grammarly Download Download ppt "Globalizing Business 1 Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible." Similar presentations To make this website work, we log user data and share it with processors. To use this website, you must agree to our Privacy Policy, including cookie policy. I agree. Download presentation We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you! Buttons: 2 Cancel Download To make this website work, we log user data and share it with processors. To use this website, you must agree to our Privacy Policy, including cookie policy. I agree. Download presentation We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you! Buttons: 2 Cancel © 2020 SlidePlayer.com Inc. All rights reserved. Search... Download Feedback Do Not Sell About project Privacy Policy My Personal SlidePlayer Feedback Information Terms of Service Search To make this website work, we log user data and share it with processors. To use this website, you must agree to our Privacy Policy, including cookie policy. I agree.
