GBE Week 2

What does GBE stand for

• Global Business Environment

• Global Business Enterprise

• Global Bureau of Enterprise

• Global Bureau Enterprise

What is GBE about

• The environment in different sovereign countries, with factors exogenous to the home environment of the organization, influencing decision making on resource use and capabilities.

• Influencing the decision making on resources and capabilities

• International business in various countries.

• strategic business with influence decision making

Does global business also known as international business, involves the production and sale of goods and services across borders. Is this True or False?

• True

• False

What are the challenges Global Business face?

• Language Barriers, Cultural Differences, Managing Global Teams, Currency Exchange and Inflation Rates, Nuances of Foreign Politics, Politics, policy, and Relations

• Language barriers, Politics, Policy and Relations

• Currency Exchange, Inflation rates and Languages

• Environment and sustainability

Is the Micro Environment Specific or general nature of element

• Yes

• No

Minimum wage, Tax, Pensions, legal cost and management of staff are part of what model?

• Platform Business Model

• Business Model

• Bunding Model

• Franchise Model

What is GIG Economy?

• Only hiring independent contractors and freelancers

• Temporary, flexible jobs and commonplace and companies hire independent contractors and freelancers instead of full time employees.

• Only works for customers during busy peak seasons and holidays.

Growth, Survival, Business profit, Economic profit and Profit are part of what objectives

• Economic Objectives

• Business objectives

• Common objectives

• Social objectives

True or False, Do departments work together to ensure their decisions support the company's overall direction

• True

• False

What are the components of a business stratagy?

• Vision and Mission

• Core Values

• Core Values, Vision, Mission and Strategic Priorities

• Core Values and Strategic Priorities