International Management - Management and Globalization
3 important questions on International Management - Management and Globalization
What are the reasons to do International Business?
- Profits - Gain profits
- Labor - acces to lower cost workers
- customers - enter new markets, to gain new customers
- suppliers - get acces to materials, products and services
- Capital - tap a larger pool of financial resources
- Risk - assets spread among muliple countries
- Economical development.
What is GLobal stretegic aliance?
A partnership where foreign and domestic firms share: resources,knowledge for mutual (=wederzijds) gain.
How to choose a Joint Venture partner?
- Fimiliar with firm's major business
- employs a strong local workforce
- values its customers
- has potantial for future expansion
- has strong local market
- profit potential
- financial standing
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