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MGT510 - Total Quality Management - Lecture Handout 09

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WTO, SHIFTING FOCUS OF CORPORATE CULTURE AND ORGANIZATIONAL MODEL
OF MANAGEMENT

WTO (in 20XX)
The Shifting Focus of Corporate Culture

From To
Thinking Global Being Global
Focus on Local Market Focus on Global Market
MNC in manufacturing MNC in Services
Antagonistic towards Rivals Collaboration with Rivals
Work with Hands Work with 3H & H3
Upgrade Technology Upgrade People
Focus on Process Quality Focus on Design Quality
Mass Mindset Lean and Me Mindset
Manage by Control Manage by Commitment
Individual Values Shared Values

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MGT520 - International Business - Lecture Handout 30

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GATT AND WTO

The World Trade Organization:

The World Trade Organization (WTO) was founded in 1995, and is comprised of 146 member countries and 30 observer countries. The WTO has three primary goals: to promote trade flows by encouraging nations to adopt non-discriminatory and predictable trade policies, to reduce remaining trade barriers through multilateral negotiations, and to establish impartial procedures for resolving trade disputes among members.

Problem Sectors:

One challenge facing the WTO is dealing with sectors of the economy such as agriculture and textiles that most nations protect. Groups including the Cairns Group (a group of major agricultural exporters) have pressured the WTO to ensure that the Uruguay Round policies dealing with agricultural trade are implemented according to schedule. Similarly, developing countries are monitoring the dismantling of the Multifibre Agreement (MFA), which created a complex array of quotas and tariffs on trade in textiles and apparel.

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