Business Simulation Seminar

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Business Simulation Seminar

• Global Issues

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The World is Becoming Flat

• Reduced barriers to trade
• NAFTA
• CAFTA
• EU
• Increasing ability to do work elsewhere
• Inexpensive (free) telecommunications
• Increasingly educated global workforce

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Flat World Implications

• Must compete against global competitors
• Must use global workforce

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Going Global

• Options
• Import or export
• License or franchise
• Joint ventures
• Direct investment
• Examples?
• Advantages and disadvantages

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Managing Globally

• Cultural differences
• Language
• Behaviors
• Non-verbal communication
• Examples?
• Time differences
• Both a positive and a negative
• How?

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Political and Legal Environment

• Each nation has own laws
• Worker rights
• Environmental laws
• Each nation has own customs
• Some nations tolerate corruption
• Some governments are corrupt
• Governments may nationalize industries
• Examples?

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Global Issues

• The world is flat
• The world is big and small
• The world is complex