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Global Business

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Monica Roman

on 23 February 2018

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Transcript of Global Business

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Grupo Bimbo
The global economy
Cultural Forces

Day-to day behavior of people according to their traditions, norms & taboos
Global business is the buying & selling of goods & services by people from different countries
Unintended consequence: puts different societies & cultures in much greater direct contact with one another.
Managing Globally
Foreign exchange rates
Information Technology
Time Orientation
Cultural Distance
Global economic trends
- Borderless organizations
- importance of imports & exports
- global sourcing of parts

Exports & imports vs.
Gross Domestic Product
world wide communication
-increase wireless networks
- global sourcing of parts
Effective corporate governance
adoption of market-based cultures
strong legal frameworks
(no bribery nor corruption)
World wide labor pool
Skilled, technical personnel
Western cultures: change can be shaped & controlled by individuals to achieve their goals.
Non-Western cultures: change is part of evolution of humans & universe
"Time is gold"
"There is more time than life"
Acts to bind or separate
Feedback to employees
Unintended or hidden meaning in translation
Political-Legal Forces
Political Risk
Grease Payments
an alliance of producers engaged in the same type of business that is formed to limit or eliminate competition and control production and prices.
Full transcript