International Management Globalization & International Linkages Chapter 1

Outline Introductions Chapter 1 Book Quiz (p. 15) Team Building Exercise Choose Teams McDonald’s Case Study (p. 31)

Chapter 1 An Interconnected World Your thoughts?

Chapter 1 What is Globalization? Is it really new? WXoq_as WXoq_as 7F61U8 7F61U8 svSvtc svSvtc

Chapter 1 What is the difference between Management and International Management? What is the difference of outsourcing and offshoring? Are these best practices for a business?

Chapter 1 WTO- World Trade Organization NAFTA- North American Free Trade Agreement FTAA- Free Trade Agreement of the Americas EU- European Union FDI- Foreign Direct Investment MNC- Multi-National Corporation

Chapter 1 Book Quiz- p /what-gdp-short-videos-zoom-big- statistic 1/what-gdp-short-videos-zoom-big- statistic Where do you think the shift of Economic power in the Global Economy is going? What are the obvious upsets? p. 13 Does BRIC apply now?

Chapter 1 3 Economies 1.) Market- Private enterprises reserves the right to own property & monitor the production/distribution of goods & services, supports competition & efficient practices Give Examples

Chapter 1 2.) Command- Acting like a monopoly like the govt., has explicit control over the price & supply of a good/service. Give examples

Chapter 1 3.) Mixed- It’s the combination of market and command. Give examples SUfTg4 SUfTg4

Chapter 1 3 Types of Economies and The Countries Associated per Economy 1.) Established- North America, The EU, Japan 2.) Emerging- Central & Eastern Europe, China (Asia markets), India 3.) Developing- Canada, Middle East & Central Asia, Africa

Chapter 1 Team Building Exercise Create the highest structure with the 3 items- tape, balloons, and air Did all pull their fair share? Choose Teams

Chapter 1 McDonald’s Case Study-p. 31 Turn in Team info (Name of team, contact info- , phone) Next time we meet…