WGU D080 Managing in a Global Business
Environment
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The key element of globalization is What is globalization?
interdependence and
interconnectedness among
companies and countries around the
globe. Globalism is characterized by
an increasing number of worldwide
connections, rapid and
discontinuous change, an increasing
number of diverse participants, and
growing complexity.
,economic: developed economies What are the economic, political, and cultural
integrating with developing effects of globalization?
countries through foreign direct
investment, lowering the costs of
doing business, reducing trade
barriers, and, in many cases,
increasing cross-border migration.
political: globalization may ultimately
reduce the importance of nation-
states.
cultural: The spread of culture has
added to processes such as
commodity exchange and
colonization, which have a more
extended history of carrying cultural
meaning around the globe. The
circulation of cultures enables
individuals to partake in extended
social relations that cross national
and regional borders.
any nonprofit, voluntary citizens' What is nongovernmental organization and how
groups that are organized on a local, does it impact government public policy across
national, or international level national boundaries?
,International business encompasses What are the features of international business?
a full range of cross-border
exchanges of goods, services, or
resources across two or more
nations. These exchanges can go
beyond the exchange of money for
physical goods to include
international transfers of other
resources such as people;
intellectual property such as patents,
copyrights, brand trademarks, and
data; and contractual assets or
liabilities. Such assets or liabilities
include the right to use some foreign
asset, provide some future service to
overseas customers, or execute a
complex financial instrument. The
entities involved in international
business range from large
multinational firms with thousands of
employees doing business in many
countries to a small one-person
company acting as an importer or
exporter. This broader definition of
international business also
encompasses for-profit, border-
crossing transactions as well as
transactions motivated by
nonfinancial gains.
- Exporting What are the different forms of international
- franchising business? Explain each form.
- joint ventures
- home-owned affiliates
- fully global ventures
, 1. market entry What are the 5 stages of entering a global market?
2. product specialization Explain each stage
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
market, cost, competition, What are the 4 drivers of globalization? Explain
government
unsaturated demand for new What are the benefits and costs of global
products, lower labor costs, less expansion from MNCs' perspective?
expensive natural resources, and
other inputs to products.
1.0: the first stage of globalism and is What are the characteristics of each stage of
pushed forward by nationalism and globalization?
religion.
2.0: the second stage of
globalization and is characterized by
advances in methods of
transportation.
3.0: the third stage of globalization
and is characterized by
advancements across the board,
especially technology and
communication.
Ethical issues, governmental policies, What are the criticisms of globalization?
and economic restrictions are all
likely when a company moves into an
unfamiliar global space. A
multinational company may also face
infrastructural and technological
challenges in a developing country.
Environment
Save
The key element of globalization is What is globalization?
interdependence and
interconnectedness among
companies and countries around the
globe. Globalism is characterized by
an increasing number of worldwide
connections, rapid and
discontinuous change, an increasing
number of diverse participants, and
growing complexity.
,economic: developed economies What are the economic, political, and cultural
integrating with developing effects of globalization?
countries through foreign direct
investment, lowering the costs of
doing business, reducing trade
barriers, and, in many cases,
increasing cross-border migration.
political: globalization may ultimately
reduce the importance of nation-
states.
cultural: The spread of culture has
added to processes such as
commodity exchange and
colonization, which have a more
extended history of carrying cultural
meaning around the globe. The
circulation of cultures enables
individuals to partake in extended
social relations that cross national
and regional borders.
any nonprofit, voluntary citizens' What is nongovernmental organization and how
groups that are organized on a local, does it impact government public policy across
national, or international level national boundaries?
,International business encompasses What are the features of international business?
a full range of cross-border
exchanges of goods, services, or
resources across two or more
nations. These exchanges can go
beyond the exchange of money for
physical goods to include
international transfers of other
resources such as people;
intellectual property such as patents,
copyrights, brand trademarks, and
data; and contractual assets or
liabilities. Such assets or liabilities
include the right to use some foreign
asset, provide some future service to
overseas customers, or execute a
complex financial instrument. The
entities involved in international
business range from large
multinational firms with thousands of
employees doing business in many
countries to a small one-person
company acting as an importer or
exporter. This broader definition of
international business also
encompasses for-profit, border-
crossing transactions as well as
transactions motivated by
nonfinancial gains.
- Exporting What are the different forms of international
- franchising business? Explain each form.
- joint ventures
- home-owned affiliates
- fully global ventures
, 1. market entry What are the 5 stages of entering a global market?
2. product specialization Explain each stage
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
market, cost, competition, What are the 4 drivers of globalization? Explain
government
unsaturated demand for new What are the benefits and costs of global
products, lower labor costs, less expansion from MNCs' perspective?
expensive natural resources, and
other inputs to products.
1.0: the first stage of globalism and is What are the characteristics of each stage of
pushed forward by nationalism and globalization?
religion.
2.0: the second stage of
globalization and is characterized by
advances in methods of
transportation.
3.0: the third stage of globalization
and is characterized by
advancements across the board,
especially technology and
communication.
Ethical issues, governmental policies, What are the criticisms of globalization?
and economic restrictions are all
likely when a company moves into an
unfamiliar global space. A
multinational company may also face
infrastructural and technological
challenges in a developing country.
