Why It Matters: Global Environment
Why describe the characteristics, opportunities, and challenges of the global business environment?
You should now have two stacks of items (made in the United States and made elsewhere). Now, take everything that is not made in the United States 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. 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.
Understanding the global business environment is critical to everyone who consumes any good, 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.