GLOBALIZATION

1. Flow of goods across national political borders (export //import)

1. Enterprise producing goods or delivering services in more than one country.
   1. 1. Decentralized corporation
      1. Strong home country presence
   2. 2. Centralized corporation
      1. Centralized production home country
   3. 3. International company
      1. based matrix corporation
   4. 4. Transnational enterprise

1. a company owns another company in another country
   1. Mergers & Acquisitions
      1. Logistic
      2. Retail
      3. Manufacturi ng
      4. Facilities
      5. Administration
      6. Services

1. economic activity with places across different countries.

1. Fast-growing economy in Asian and Latin American countries, with a political, monetary and social risks.

1. The value of a country's overall output of goods and services (one fiscal year) at market prices, excluding net income from abroad.

1. An economic term referring to the largest but the poorest socio-economic group of the world

Annotations:

• A historical process which has connected in an integral way political, economic, social, cultural and technological aspects worldwide.

1. Process that has integrated aspects political, economic, social, cultural and technological worldwide.

1. Economic concept that allows us to compare the different living standards of different countries.

1. A person who has citizenship in at least one country, but who is living in another country.

1. Organization or foundation designed to achieve a typical goal.

1. Structures organizational, rules, and informal norms for services provision

1. Rules of an organization to govern procedures and operations

1. Network of personal and social relationships like alliances, cliques, friendships,

1. Model that sees resources as key to superior firm performance.

1. Claim against the assets, or legal obligations of a person or organization, arising out of past or current transactions or actions.

1. from human civilization to lopsided global growth
   1. 1870 the first stage until I World War (1914) at the begining of Industrial Revolutions in the UK, Germany and USA
      1. GDO 1913 =22.1, 1930 = 9.1
         1. After II World War until 1990 given international business and massive industrialisation

1. Analyze and interpret factors such as:
   1. * Social
   2. * Global
   3. * Technical
   4. * Economic
   5. * Polical
   6. * Natural environmental

1. * Accurate Information
   1. to appropriate decision
2. * Timely Information
3. * Size of the business
   1. according to impact on the foreign economies
4. * Market Segmentation
   1. based on the geographic market segmentation
5. * Potentiality of Market
   1. in order to tastes, preferences, purchasing ability , size of the population, etc
6. * Wider Scope
   1. refer to the flow of goods across national political borders
7. * Inter-Country comparative Study
   1. business opportunities
   2. threats
   3. consumers
   4. preferences
   5. behaviour
   6. cultures of the societies
   7. employees
   8. business environment
   9. manufacturing locations
   10. management styles

1. Host Country's Monetary System
2. National Security Policies of the Host Countries
3. Cultural Factors
4. Language
5. Nationalism and Business Policy

1. factors affecting
   1. Achieve a Higher Rate of profits
   2. Severe competition in the home country
   3. limited home market
   4. Political stability vs Political instability
   5. Availability of technology and Managerial competence
   6. High cost of transportation
   7. Nearness to Raw Material
   8. Availability of quality Human Resources at Less cost
   9. Increase Market Share
   10. Tariff and Import Quotas

1. DOMESTIC
   1. home country market (Ethnocentric)
2. INTERNATIONAL
   1. Extension markets (Ethnocentric)
3. MULTINATIONAL
   1. Multidomestic Company (Policentrcic
4. GLOBAL
   1. All in home country except marketing or sourcing (mixed)
5. TRANSNATIONAL
   1. International + multinational+ Global company (Geocentric)
      1. H&R Management Policy
      2. Adaptation - Extention
      3. Operating Style
      4. Geographic Scope
      5. Vision and Aspiration
      6. Geocentric Orientation
      7. Information Acquisition
      8. Purchasing

1. Mercantilism
2. Compatarative Cost Advance with money
3. Relative Factor Endowments
4. Absolute Cost Advance
5. Compatarative Cost Advance
6. Product life Cycle
   1. stages:
      1. New Product
      2. Growth
      3. Maturity
      4. Decline

1. Wider Market
2. Reduce risk
3. Large-scale economy
4. Potential untapped market
5. Cultural Transformation
6. Provide oppotunities for an chanllenge to Domestic business
7. Increase Socio-economic Welfare
8. High Living Standar
9. Reduce effects of Business cycle
10. Growth of the World

1. Political Factor
   1. Huge Foreign indebtedness
      1. Exchange Instability
         1. Entry Requirements
            1. Tariff, Quotas and Trade Barriers