Globalization
What is globalization ?
Globalization is the increase in the flow of goods, services, capital, people, and ideas across international boundaries.
What are Emerging economies?
fast-growing developing economies.
What do the initials CAGE stand for?
Cultural
Administrative
Geographic
Economic
Who won the 1998 FIFA World Cup
France
What does International Business mean?
It involves buying, manufacturing, marketing, distributing, and selling products or services internationally. It also includes recruiting, managing, training, and working with people from different cultures, while navigating diverse regulations, business practices, and ensuring contracts and deals are honored across borders.
What is global strategy?
A global strategy is a strategy that a company develops to expand into the global market
What do the initials VUCA stand for?
• Volatile
• Uncertain
• Complex
• Ambiguous
Which British rock band released the iconic album Abbey Road in 1969?
4 ways globalization can increase economic growth?
- Wider Labor pool
- Job access
- Resource access
- Specialization
What is liability of foreignness?
Is the inherent disadvantage foreign firms experience in host countries because of their outsider status.
What do the initials PESTEL stand for?
Political
Economic
Social
Technological
Environmental
Legal
Which came first the chicken or the egg?
egg
4 effects of globalization on the environment?
Increased Transport of Goods
Economic Specialization
Decreased Biodiversity
Increased awareness
What is a global value chain?
A global value chain is a chain of geographically dispersed and coordinated activities involved in the production of a good or service and its supply and distribution activities.
Which aspect of the PESTEL analyze the regulatory risk?
LEGAL
This physicist developed the theory of relativity and won the Nobel Prize in Physics in 1921.
Albert Einstein
What is a peak, hill and valley?
(First) Peak: They generate innovations, they have the capacity to attract global talent and create new products and industries.
(Second) Hill: Places that manufacture the world's established goods. take it's calls and support it's innovation engines.
(Third) Valley: Places with little connection to the global economy and few immediate prospects.
Name at least two out of three factors that increase cultural distance between two countries
• Different languages, ethnicities, religions, social norms, and dispositions
• Lack of connective ethnic or social networks
• Lack of trust and mutual respect
Name at least four aspects from the letter C of CAGE
- Language
- Etnicity
- Religion
- Work systems
- Tradition
- Values
This famous artist is known for his works like "The Persistence of Memory," with melting clocks.
Salvador Dalí