GLOBALIZING BUSINESS

Lorena Romero Muñoz
Mind Map by Lorena Romero Muñoz, updated more than 1 year ago
Lorena Romero Muñoz
Created by Lorena Romero Muñoz about 4 years ago
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This is an exercise about Chapter 1 of the textbook called Peng, M. (2010). Globalizing Business. Global. (pp. 2-17). South western USA.
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Resource summary

GLOBALIZING BUSINESS
1 International Business: Engages in international economic activities
2 Multinational enterprise: Engages in foreing direct investment by directly investing in controlling
3 Foreing Direct investment (FDI): When a country invests, controls and manages value-added activities in other countries.
4 Global Business: All business in the world
5 Purchasing power parity (PPP): Conversion to establish the cost of living in the countries.
6 Triad Developed economies (North America, Western Europe, and Japan).
7 Based of the pyramid: ordinary people with insufficient income to survive economically but influence in Economy.
8 BRIC: An acronym for the emerging economies of Brazil, Russia, India and China.
9 Emerging economy: A developing country.
10 Expatriate manager: executive, who works outsite your principal country
11 . Formal Institutions: such as laws, regulations, and rules, example Colombia Congress
12 Globalization: The union between countries and peoples of the world.
13 Gross domestic product (GDP): The economy of a country on the value added by native businesses, households and governments.
14 informal institutions: norms, cultures, and ethics.
15 Instituional framework: formal and informal institutions that regulate, control and manage individual behavior and community.
16 Institution - based view: Viewpoint in the global economy, where the results are reviewed to determine the rules governing the behavior of companies worldwide.
17 Institutions: rules in economy way
18 International premium: Extra pay expatriates when working outside their country of origin.
19 Liability of foreignness The expense accruing to foreign companies not receiving the same condition in foreign countries.
20 Non - goverment Organizations (NGOs) Organizations that are not affiliated with governments.
21 Resource - based view:: Resource-based view: firm performance is determined by its internal resources and capabilities.
22 Semiglobalization: the barriers to market integration at borders are high but not high enough to insulate countries from each other.
23 Information by: Peng, M. (2010). Globalizing Business. Global. (pp. 2-17). South western USA.
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