5954712
Description
Mind Map by Lorena Romero Muñoz, updated more than 1 year ago
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Created by Lorena Romero Muñoz
over 8 years ago
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GLOBALIZING
BUSINESS
- International Business:
Engages in international
economic activities
- Multinational enterprise:
Engages in foreing direct
investment by directly
investing in controlling
- Foreing Direct investment (FDI): When a country
invests, controls and manages value-added
activities in other countries.
- Global Business: All business in the world
- Purchasing power parity (PPP):
Conversion to establish the cost
of living in the countries.
- Triad Developed
economies (North
America, Western
Europe, and Japan).
- Based of the pyramid: ordinary people with
insufficient income to survive economically but
influence in Economy.
- BRIC: An acronym for the emerging economies
of Brazil, Russia, India and China.
- Emerging economy: A
developing country.
- Expatriate manager: executive,
who works outsite your principal
country
- . Formal Institutions: such as laws,
regulations, and rules, example
Colombia Congress
- Globalization: The union between
countries and peoples of the world.
- Gross domestic product (GDP): The
economy of a country on the value added
by native businesses, households and
governments.
- informal institutions: norms,
cultures, and ethics.
- Instituional framework:
formal and informal
institutions that regulate,
control and manage
individual behavior and
community.
- Institution - based view:
Viewpoint in the global
economy, where the results
are reviewed to determine
the rules governing the
behavior of companies
worldwide.
- Institutions: rules in economy way
- International premium: Extra pay expatriates when
working outside their country of origin.
- Liability of foreignness The expense accruing
to foreign companies not receiving the same
condition in foreign countries.
- Non - goverment
Organizations (NGOs)
Organizations that are not
affiliated with governments.
- Resource - based view::
Resource-based view: firm
performance is determined by its
internal resources and capabilities.
- Semiglobalization: the
barriers to market
integration at borders are
high but not high enough to
insulate countries from
each other.
- Information by: Peng, M. (2010). Globalizing Business. Global. (pp. 2-17). South western USA.
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