Week 1 Globalization & International Business
1. International VS domestic business (differences due to)
i) Environmental dynamics (macro)
Currency, inflation, interest rates, accounting practices, cultures, social customs, laws, political stability
ii) Operational nature (micro) -> hierarchy of managers
Communication, coordination, motivation, differences in organizational principles and management philosophies
2. Globalization
World moving away from self-contained national economies toward an…
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