Management 361 Chapter 2 notes
Management 361 Chapter 2 notes MGT 361
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This 1 page Class Notes was uploaded by Kimberly Scott on Tuesday January 26, 2016. The Class Notes belongs to MGT 361 at a university taught by Mr. Pendel in Spring 2016. Since its upload, it has received 47 views.
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Date Created: 01/26/16
MGT 361 Chapter 2 notes North American Free Trade Agreement: (NAFTA) Created free trade zone among Canada, Mexico and the United States. Implications: Maquiladoras: Manufacturing plants set up on the border of Texas and Mexico Canadian Brain Drain: People from Canada coming to US to work Economic Benefits Issues Other controversies European Union: (EU) Created single market with removal of trade barriers Allows free movement of people across borders Provides directives related to employment issues Instituted the Euro to: o Reduce cost of currency conversions o Increase economic stability Mergers and Acquisitions: Companies need to be fast growing, efficient, profitable, flexible, adaptable, future-ready, and dominant in market position. Many firms evolve and grow through mergers and acquisitions HR issues with mergers and acquisitions: They don’t go as well as hoped because the two cultures of the organizations do not merge as well. PG. 63 **Know definitions of vision, mission, values Pg. 52. MNCs: All organizations must adapt to the process of economic globalization. **Main job of HR: Keep company out of trouble.
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