Fundamentals of Management, 11/e

Chapter Summary by Learning Outcome

1. 3-1 Explain globalization and its impact on organizations.

Organizations are considered global if they exchange goods and services with consumers in other countries, if they use managerial and technical employee talent from other countries, or if they use financial sources and resources outside their home country. Businesses going global are usually referred to as multinational corporations (MNCs). As an MNC, they may operate as a multidomestic corporation, a global corporation, or a transnational or borderless organization. When a business goes global, it may start with global sourcing, move to exporting or importing, use licensing or franchising, pursue a global strategic alliance, or set up a foreign ...