Management

Chapter 1

ASSESSING THE ENVIRONMENT

POLITICAL, ECONOMIC, LEGAL, TECHNOLOGICAL

LECTURE OUTLINE

General Outline

Opening Profile: The Globalization of Risk

The Global Business Environment

Globalization

Global Trends

Globality and Emerging Markets

Backlash against Globalization

Effects of Institutions on Global Trade

Effects of Globalization on Corporations

Small and Medium-Sized Enterprises

Regional Trading Blocs

The European Union (EU)

Asia

The Americas

Comparative Management in Focus

China Helps Prop Up the Global Economy

Other Regions in the World

The Russian Federation

The Middle East

Developing Economies

The African Union (AU)

The Globalization of Information Technology

Management in Action: Intel Brings Changes to Vietnam’s Economy and Culture

The Globalization of Human Capital

The Global Manager’s Role

The Political and Economic Environment

Political Risk

Political Risk Assessment

Managing Political Risk

Managing Terrorism Risk

Economic Risk

The Legal Environment

Contract Law

Other Regulatory Issues

The Technological Environment

Under the Lens: Information Technology

Global E-Business

Conclusion

Summary of Key Points

Discussion Questions

Application Exercises

Experiential Exercises

Internet Resources

Case Study: Apple’s iPhone—Not “Made in America”

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Learning Objectives

1. To understand the global business environment and how it affects the strategic and operational decisions which managers must make.

2. To critically assess the developments, advantages, and disadvantages of globalization.

3. To review the role of technology in international business.

4. To develop an appreciation for the ways in which political, economic, legal, and technological factors and...