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Global sourcing

June 20, 2017 mfadmin Management

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Global sourcing

Purchasing materials/labour from around the world wherever it’s the cheapest.

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Previous Post:How do organizations go global? (8 things),”o Global sourcing (minimal global investment) – Purchasing materials/labour from around the world wherever it’s the cheapest. Goal: Take advantage of lower costs in order to be more competitive.o Exporting (= making products domestically and selling them abroad)o Importing (= acquiring products made abroad and sell them domestically).o Licensing (= agreement in which an organization gives another the right, for a fee, to make or sell its products, using its technology or product specification)o Franchising (Agreement in which an organization gives another organization the right, for a fee, to use its name and operating methods).o a global strategic alliance (significant global investment) (= a partnership between an organization and a foreign company partner(s) in which both share resources and knowledge in developing new products or building production facilities).o joint venture (= a specific type of strategic alliance in which the partners agree to form a separate

Next Post:Licensing,”agreement in which an organization gives another the right, for a fee, to make or sell its products

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