Franchising

Hypothetical Essay Titles With the aid of extype Ales: ¢ Explain the term globalization and what its set up have been upon modern organizations? ¢ Discuss the major characteristics of multi bailiwick enterprises (MNEs) and how they typically manage their internationalization process? ¢ Outline are the ethnic implications for managers as the internationalization process matures? What is Globalization? ¢ The action and dissemination of products and services of a homogeneous type and quality on a humans wide basis. (Naylor, 1999) ¢ Move away from production and sales in a domestic environment.

¢ A rejoinder to a changing competitive environment.

Difference between the cost supranationalization and globalization ¢ Internationalization is the increasing geographical dispersal of economic activities across national boundaries. (We will revisit afterwards in the seminar.) ¢ Globalization is an advanced form of internationalization which implies a degree of integration between internationally dispersed activities.

Features reenforcement Globalization (cited in Naylor, 1999; Daft, 1994) ¢ Accommodation among political systems.

¢ Open humans economy.

¢ Increasing awareness and respect for other cultures.

¢ Development in communications.

¢ ?Global village effect.

Overview of developments There has always been international trade, but straightaway there are many regulatory bodies: ¢ NAFTA; ASEAN; EU ¢ International trade negotiations - The General Agreement on Tariffs and Trade; The accordance of Rome & The Single European Act ¢ The human race Trade Organization (WTO).

Drivers of Globalization (cited in Boddy and Patton, 1998) ¢ Increases in induction and technology.

¢ Accelerated growth of Foreign Direct Investment.

¢ The growth of intra sign of the zodiac trade (Make or buy in one realm and export to another).

¢ The growth of complex supply arrangements - joint ventures, mergers & acquisitions.

Causalities of Globalization ¢ Geographical effect - 1st versus 3rd world economies.

¢ Multinational dominance effects decolonisation - recolonisation.

¢ Weakening of national cultures, languages.

¢ Greater disparity between rich and poor.

The rise of the flash Global Economy ¢ 1st global economy was maker dominated.

¢ 2nd global economy is more sophisticated.

¢ Change in international transactions.

¢ Advanced consumerism.

Who are the players in Globalization - the MNEs ¢ Generally, headquarters...

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