Author Joan Donohue Created Date 11/27/2011 09:51:45 Title Chapter 1 Introduction to Business Analytics Last modified by R. Andrews Company University of South Carolina Global markets may be key to reaching long term goals Operations Management in a Global ... Operations in a Global Environment Introduction Operations ... Declining of domestic demand of the products, Licensing, Franchising, and Management Contracts, Exporting selling of products made in ones own, Importing buying of products made in other, Capital supplied by residents of one country to, Licensing firm in one country licenses the use, Franchising firm in one country authorizes a, Common in upper-end international hotel industry, Create goods and services in multiple countries, Sell goods and services in multiple countries, Largest retailer in the world Over 4500 stores, International expansion in 1991begins with Mexico, Localization strategy adopted after trial and, Global buying power has allowed it to reap, Wal-mart faces significant competition from other, The merging of distinctly separate national, Tastes and preferences converge onto a global, Firms offer standardized products worldwide, Significant differences still exist between, These differences require that marketing and, Range of problems are wider and more complex, Government intervention in trade and investment, International investment is impacted by different, Refers to sourcing of goods and services from, Differences in cost or quality of the factors of, Macro factors that underlie trend towards greater, Countries specialize in production of goods and, Destroys manufacturing jobs in wealthy, advanced, Wage rates of unskilled workers in advanced, Companies move to countries with fewer labor and. 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