Questions and Answers
Why do businesses go global?
Businesses go global for opportunities to expand markets, increase revenue, diversify risk, and access new resources.
What are some reasons for trading with other nations?
What is trade protectionism?
Trade protectionism is the economic policy of shielding a country's domestic industries from foreign competition by imposing tariffs or quotas.
Which factors can influence a business' success in a global market?
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How can one prepare for the changing global landscape?
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What strategies can Canadian businesses use to enter new global markets?
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Free trade is considered ideal.
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What percentage of jobs are estimated to be invented by 2030?
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Why do businesses go global?
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What are some challenges businesses face when going global?
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What is Canada's trade experience?
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What strategies can be used by Canadian businesses to enter new global markets?
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What is trade protectionism?
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How can you prepare yourself for the changing global landscape?
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85% of the jobs in 2030 haven't been invented yet.
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The shift from CDs to _______ is an example of evolving consumer preferences.
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What is a key factor influencing business success in global markets?
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Study Notes
Course Overview
- The course is AFM 131/ARBUS 101, focusing on Introduction to Business in North America.
- Key topics include the future of work, global markets, and the business environment.
- Important course components: course schedule, syllabus, activities, and frameworks.
Course Administration
- Course syllabus can be found on LEARN under the "Content" section.
- Major course activities are broken down as follows:
- Quizzes: 20%
- Midterm 1: 20%
- Midterm 2: 20%
- Final exam: 40%
- Coordination details:
- Teaching Assistants support available.
- Course Manager: Katie Petsch ([email protected]).
- Instructor: Andrew Swatridge ([email protected]).
Business Environment Frameworks
- Understanding the business environment is crucial for comprehending the conditions under which Canadian businesses operate.
- Essential knowledge includes:
- Basic economic principles.
- The impact of the global economy.
- Government roles at federal and provincial levels in Canada.
Module 1: The Future of Work and Competing in Global Markets
- In 2030, it is predicted that 85% of jobs will be newly invented, emphasizing rapid job market changes.
- Shift from physical storage (USBs) to cloud services (e.g., Google Drive, Dropbox) indicates evolving technological needs.
- Music consumption has transitioned from physical CDs to digital formats, showcasing changes in consumer behavior.
Key Questions for Understanding Global Business
- Why do businesses expand globally? Identify opportunities and challenges.
- Importance of international trade and Canada’s trade history.
- Strategies for Canadian businesses entering global markets, alongside advantages and disadvantages of each.
- Factors impacting success in global markets, with examples of potential hindrances.
- Understanding trade protectionism and Canada's approaches to safeguarding domestic industries.
- Preparing for ongoing changes in the global market landscape.
Course Overview
- The course is AFM 131/ARBUS 101, focusing on Introduction to Business in North America.
- Key topics include the future of work, global markets, and the business environment.
- Important course components: course schedule, syllabus, activities, and frameworks.
Course Administration
- Course syllabus can be found on LEARN under the "Content" section.
- Major course activities are broken down as follows:
- Quizzes: 20%
- Midterm 1: 20%
- Midterm 2: 20%
- Final exam: 40%
- Coordination details:
- Teaching Assistants support available.
- Course Manager: Katie Petsch ([email protected]).
- Instructor: Andrew Swatridge ([email protected]).
Business Environment Frameworks
- Understanding the business environment is crucial for comprehending the conditions under which Canadian businesses operate.
- Essential knowledge includes:
- Basic economic principles.
- The impact of the global economy.
- Government roles at federal and provincial levels in Canada.
Module 1: The Future of Work and Competing in Global Markets
- In 2030, it is predicted that 85% of jobs will be newly invented, emphasizing rapid job market changes.
- Shift from physical storage (USBs) to cloud services (e.g., Google Drive, Dropbox) indicates evolving technological needs.
- Music consumption has transitioned from physical CDs to digital formats, showcasing changes in consumer behavior.
Key Questions for Understanding Global Business
- Why do businesses expand globally? Identify opportunities and challenges.
- Importance of international trade and Canada’s trade history.
- Strategies for Canadian businesses entering global markets, alongside advantages and disadvantages of each.
- Factors impacting success in global markets, with examples of potential hindrances.
- Understanding trade protectionism and Canada's approaches to safeguarding domestic industries.
- Preparing for ongoing changes in the global market landscape.
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Description
Explore the fundamentals of business in North America with AFM 131/ARBUS 101. This introductory course covers key frameworks, future work trends, and strategies for competing in global markets. Perfect for students looking to understand the business landscape in North America.
