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STRATEGIC MANAGEMENT AND BUSINESS POLICY GLOBALIZATION INNOVATION AND SUSTAINABILITY FULL SOLUTION STUDY GUIDE

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STRATEGIC MANAGEMENT AND BUSINESS POLICY GLOBALIZATION INNOVATION AND SUSTAINABILITY FULL SOLUTION STUDY GUIDE

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STRATEGIC MANAGEMENT AND BUSINESS
POLICY GLOBALIZATION INNOVATION AND
SUSTAINABILITY FULL SOLUTION STUDY GUIDE

◉ International Business.
Answer: Business activities between companies in different
countries.


◉ Global Product.
Answer: A product sold worldwide with little or no changes (ex:
Coca-Cola, iPhone).


◉ Denationalization (Privatization).
Answer: Government sells a business to private owners.


◉ Forces of Globalization.
Answer: Technology, lower trade barriers, better transportation,
multinational corporations, foreign investment, consumer demand.


◉ Ethics.
Answer: Moral principles that guide business decisions.

, ◉ Major Ethics Scandals.
Answer: Enron and WorldCom.


◉ Ways to Improve Ethics.
Answer: Code of ethics, ethics training, ethical leaders,
whistleblower protection, internal controls.


◉ International Ethical Issues.
Answer: Bribery, corruption, child labor, forced labor, sweatshops,
environmental pollution, human rights.


◉ Social Obligation.
Answer: Meet legal requirements only.


◉ Social Responsibility.
Answer: Go beyond the law to help society.


◉ Social Responsiveness.
Answer: Actively respond to social issues.


◉ Foreign Corrupt Practices Act (FCPA).
Answer: U.S. law that prohibits bribing foreign government officials.

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