Integrative Managerial Issues - What is globalization and how does it affect organizations?
3 important questions on Integrative Managerial Issues - What is globalization and how does it affect organizations?
When is an organization global?
- If they exchange goods and services with other countries.
- If they employ people from other countries.
- If they use financial sources and resources from other countries.
What different types of global organizations are there?
- Multinational corporation (MNC): any type of international company that maintains operations in multiple countries.
- Multidomestic corporation: an MNC that decentralizes management and other decisions to the local country where it's doing business ipv the home country.
- Transnational (borderless) organization: an MNC that eliminates artificial geographical borders. Country of origin is irrelevant.
- Global corporation: an MNC that centralized management and other decisions in the home country ipv the local country.
What is a global strategic alliance?
A partnership between an organization and a foreign company partner(s) in which both share resources and knowledge in developing new products or building production facilities.
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