{"id":1019,"date":"2015-05-09T20:15:32","date_gmt":"2015-05-09T20:15:32","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=chapter&p=1019"},"modified":"2017-03-31T15:59:01","modified_gmt":"2017-03-31T15:59:01","slug":"why-it-matters-3","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/chapter\/why-it-matters-3\/","title":{"raw":"Why It Matters: Global Environment","rendered":"Why It Matters: Global Environment"},"content":{"raw":"

Why describe the characteristics, opportunities, and challenges of the global business environment?<\/h2>\r\n

\"people-1450659_1280\"<\/a><\/h2>\r\nGrab your book bag, backpack, briefcase or whatever you carry your school supplies in, and open it up. Sort the contents into two piles: items\u00a0made in the United States and items made\u00a0anywhere else. Now, how large is the stack of things made in the U.S. compared to the imported items? Some may be labeled with the store brand and say something like \"Manufactured in China for Company X.\" Others may simply have a tag that reads \"Made in the Philippines.\" \u00a0How many different countries are represented by the contents of your book bag? Do you realize that you just identified\u00a0 a small sample of countries that are U.S. trading partners?\r\n\r\nYou should now have two stacks of items (made in the U.S. and made elsewhere). Now, take everything that is NOT made in the U.S. and put it aside. From this point forward all you have access to are the things left in the \"100 percent made in the U.S.A.\" stack.\u00a0 What do you have left? You will be lucky if you have a pencil and an eraser. It is global business and global trade that gives you access to everything else in your backpack.\r\n\r\nUnderstanding the global business environment is critical to everyone who consumes any\u00a0good, service or resource. Until we understand how the global business environment operates, why businesses and nations trade, and the forces at work in the global marketplace, we are naive consumers. You need to be informed so that you can make decisions about where you will work, who you will work for, who you will vote for, and what foreign policies you will either support or oppose. Without understanding the global business environment, you might find yourself facing daily life with nothing more than a pencil and an eraser.\r\n

Learning Outcomes<\/h3>\r\n