Homework# 17 12/7/2009

Globalization:

• Globalization - Cross-border exchanges of goods, services,

capital and technologies

• The world 500 largest Multinational Enterprise

• Value Creation Opportunities

• Economies of Scale

• Preparation for globalization

• Success factor of Globalization

• Globalization Drivers
○ Market
○ Cost
○ Competition
○ Government

• Corporate Characteristics in the New Millennium

○ Complex Organization Design
○ Global Reach
○ Partnership
○ New Composition of Employees

• Common Mistakes in Globalization

○ Absent of strong company
○ Absent of focused managers
○ Low priority
○ Not engaging foreign partners

• Job migration (3 waves)

• In US, decrease in manufacturing jobs and increase in

manufacturing productivity

For next class:

• Engineering in the new millennium, folder submission

• Final project report,