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This 2 page Class Notes was uploaded by Hali Nepsha on Sunday October 2, 2016. The Class Notes belongs to BUSM 380 at Purdue University Calumet taught by Dr. Charles A. Rarick in Fall 2016. Since its upload, it has received 30 views. For similar materials see International Business in Business at Purdue University Calumet.
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Date Created: 10/02/16
International business 8/23 IB Orientations Geocentric =hybrid (ethnocentric & polycentric) Why? 95% world population outside us boundaries Other countries grow, us gdp shrink Globalization trends Major: markets Production Globalization mkts: Universal products 1 prod. 1 mkt. Global brands: I.e. Cola, McDonald's, Apple... Globalization production: Products moving around lots I.e. The Boeing 787 Dreamliner (parts) Efficiency?...problems occur (i.e. Unemployed) Globalization concerns: Lower wages, loss jobs(competitive areas) Lower labor & enviro. Regs. Greater income inequality (domestically/ internationally) Loss national sovereignty (all same rules..i.e. WTO) Cultural loss (relatively superficial) Managing in global mktplace: Most us employee at will employee(fired for any reason) International business more difficult than domestic 1 Diff countries 2 More complex probs 3 Must work w/in gov. Reg. 4 Currency conversion (own probs) 5 Diff cultures( most signif.) (i.e. Nike shoe..air in flames..alla) Largest Muslim country (Indonesia) Global business in most all bus. Transactions Benefits to consumers World richer due globalization & trade
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