351 - Module 3 (Globalization)

Companies that build facilities and sell products in a number of different countries.

• Nongovernmental organizations (NGOs)

• Multinational enterprises

• Franchises

• Multinational corporations

Subcontracting with outside vendors to provide specific services that were previously done in house

• Outsourcing

• Joint venturing

• Importing

• Offshoring

Business entity created by two or more parties, which share ownership and responsibility for the new entity.

• Franchise

• Multinational enterprise

• Joint venture

• Multinational corporation

Nonprofit organizations that function independently of any government and serve the world’s population.

• Multicultural nonprofits

• Nongovernmental organizations (NGOs)

• Multinational organizations

• Nonprofit franchises

Company in which the parent organization owns 100% of the subsidiary’s stock.

• Franchise

• Joint venture

• Wholly owned foreign subsidiary

• Third country company

Companies provide foreign businesses with a complete package of materials and services to use in exchange for a fee.

• Offshore companies

• Franchises

• Joint ventures

• Foreign-based companies

Sourcing work to organizations in other countries or basing part of a domestic company’s operations overseas.

• Expatriatism

• Venturing

• Offshoring

• Overseas franchising

Companies that sell their services in a number of different countries.

• Multinational enterprises

• Nongovernmental organizations

• Multinational corporations

• Offshoring companies

Country in which the parent organization is headquartered.

• Third country

• Home country

• Host country

• Expatriate country

Employee from a country other than the home country or host country.

• Expatriate

• Patriot

• Third country national

• National employee