1. Business Simulation Seminar Global Issues

2. The World is Becoming Flat  Reduced barriers to trade NAFTA CAFTA EU  Increasing ability to do work elsewhere Inexpensive (“free”) telecommunications Increasingly educated global workforce

4. Flat World Implications  Must compete against global competitors  Must use global workforce

5. Going Global  Options Import or export License or franchise Joint ventures Direct investment  Examples?  Advantages and disadvantages

6. Managing Globally  Cultural differences Language Behaviors Non-verbal communication Examples?  Time differences Both a positive and a negative How?

7. Political and Legal Environment  Each nation has own laws Worker rights Environmental laws  Each nation has own customs Some nations tolerate corruption Some governments are corrupt  Governments may nationalize industries  Examples?

8. Global Issues  The world is flat  The world is big and small  The world is complex