Subjects under University of New South Wales
Document Details

MGMT1101 Mid Exam Notes

User Description:
Lecture 1 International Business: what is it? (Chapter 1) WHAT IS GLOBALISATION? Globalisation • the shift towards a more integrated and interdependent world economy. • Growing interdependence among countries, industries, companies as a result of increasing cross-border flows of goods/ services, capital and know-how Globalization of markets: the merging of historically distinct and separate national market into one huge global marketplace. • Falling barriers to cross-border – makes it easier to sell internationally • Tastes and preferences of consumers in different nations are beginning to converge on some global. • Global market norm For example: Coke, Apple, Google, IKEA Industrial goods are the most integrated as they serve a universal need. For example, Globalization of production: sourcing goods and services from locations around the world to take advantage of national differences in the cost and quality of various factors of production. By doing this, hope to lower their overall cost structure, improve quality or functionality. Factors of production: components of production such as labour, technology, land, capital. Outsourcing: the tasks that were previously performed in house are now purchased from another firm. Offshoring: a form of outsourcing: it means that a task previously performed in one country is now being undertaken abroad. (also due to technological advances) For example: data entry, customer service calls, software development, preparation of legal briefs and tax return. Global products: firms are basing individual activities at the optimal world locations for particular activities that were once conducted at home. So no more Australian products, Japanese products, etc. DRIVERS OF GLOBALISATION Micro factors: • Consumer’s willingness to accept products globally • Increase in pressure for business to compete globally and match the market moves of their rivals Macro factors: • Decline in trade barriers to free flow of goods and services • Technological change: ♣ Microprocessor and telecommunications • ICT: ♣ The internet and World Wide Web • Transportation tech: ♣ Jet travel

Thinkswap Satisfaction Guarantee

Each document purchased on Thinkswap is covered by our Satisfaction Guarantee policy. If you are not satisfied with the quality of any document, or you believe the document was incorrectly described or categorised, Thinkswap will provide a full refund of exchange credits so you can check out another document. For more information please click here.

This student studied:
Claim a Thinkswap Bounty

Do you know if the Subject listed above has changed recently? Click report to earn free Exchange Credits!

Document Information:
28 Pages Complete Study Notes 1-2 Years old
Share

5 Ex Credits


Document Screenshots:
Topics this document covers:
Economy Business International trade International business Economic globalization Economic geography Management Internationalization Multinational corporation Mergers and acquisitions Competition Political risk
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

What are Exchange Credits:

Exchange Credits represent the worth of each document on Thinkswap. In exchange for uploading documents you will receive credits. These can then be used to checkout other documents on Thinkswap.

Topics this document covers:
Economy Business International trade International business Economic globalization Economic geography Management Internationalization Multinational corporation Mergers and acquisitions Competition Political risk
Sample Text:
• Growing interdependence among countries, industries, companies as a result of increasing cross-border flows of goods/ services, capital and know-how Globalization of markets: the merging of historically distinct and separate national market into one huge global marketplace. • Falling barriers to cross-border – makes it easier to sell internationally • Tastes and preferences of consumers in different nations are beginning to converge on some global. • Global market norm For example: Coke, Apple, Google, IKEA Industrial goods are the most integrated as they serve a universal need. For example, Globalization of production: sourcing goods and services from locations around the world to take advantage of national differences in the cost and quality of various factors of production....
Similar Documents to MGMT1101 Mid Exam Notes

BSB119: Lecture Summaries 1-12

This student studied:
Queensland University of Technology - BSB119 - Global Business

Lecture 1-12 Summaries for Final Exam Preparation (BSB119: Global Business - 2016)

5 Ex Credits

View Details

Complete Set of MGMT1101 Notes

This student studied:
University of New South Wales - MGMT1101 - Global Business Environment

Notes are based of lecture slides and lecturer. Includes all topics of 2017 Semester 2.

5 Ex Credits

View Details

MGMT1101 Notes

This student studied:
University of New South Wales - MGMT1101 - Global Business Environment

Fully comprehensive study notes for MGMT1101, Global Business Environment course.

5 Ex Credits

View Details

MGMT1101 Complete Study Notes

This student studied:
University of New South Wales - MGMT1101 - Global Business Environment

These notes are complete from lectures and textbook. Ready for the mid-semester and final exam.

5 Ex Credits

View Details