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22 Cards in this Set
- Front
- Back
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Global Marketplace
Opportunities and Challenges 1 |
coping with appearance of new competitors
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Global Marketplace
Opportunities and Challenges 2 |
acknowledging cultural, political and economic differences
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Global Marketplace
Opportunities and Challenges 3 |
dealing with increased uncertainty, fear and anxiety
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Global Marketplace
Opportunities and Challenges 4 |
adapting to changes in global environment
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Global Marketplace
Opportunities and Challenges 5 |
avoiding parochialism-being narrow in scope of an issue
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Global Perspective
Parochialism |
being narrow in scope, or considering only small sections of an issue
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Global Perspective
Ethnocentric Attitude |
believing your own group is centrally important
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Global Perspective
Polycentric Attitude |
organization around several political, social or financial centers
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Global Perspective
Geocentric Attitude |
the right person from the job selected regardless of nationality
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Trading Agreements
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European Union-EU
North American Free Trade Agreement-NAFTA US Central America Free Trade Agreement-CAFTA Free Trade Area of the Americas Southern Cone Common Market-Mercosur Association of Southeast Asian Nations-ASEAN African Union South Asian Association for Regional Cooperation-SARRC |
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Different Types of international organizations
Multinational Corporation |
manages production or delivers services in more than one country
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Different Types of international organizations
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company with international operations allowing operations in one country to be independent of those in another
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Different Types of international organizations
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-has a global strategy
-treats all its activities in the context of a whole-world system -serves global customers with excellence -has a business delivery system highly sensitive to local customers needs -serves local customers with excellence |
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Different Types of international organizations
Transnational Corporation |
headquarters in one country and operates wholly or partially owned subsidiaries in one or more other countries
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Strategic Alliances
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formal relationship between two or more parties pursuing common goals or meeting critical need while remaining independent organizations
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Joint Venture
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entity formed between two or more parties to undertake economic activity together
parties contribute equity share revenue, expenses and control |
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Foreign Subsidiary
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A wholly or partially owned company that is part of a large corporation in another country
seperately incorporated under host countries laws |
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Hofstede's framework for assessing national culture
Power Distance |
the extent less powerful members of organizations accept and expect power is distributed unequally
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Hofstede's framework for assessing national culture
Individualism versus Collectivism |
the degree individuals are integrated into groups
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Hofstede's framework for assessing national culture
Achievement vs Nurturing |
distribution of roles between the genders
achievement is masculine nurturing is feminine |
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Hofstede's framework for assessing national culture
Uncertainty Avoidance |
what extent a culture programs its members to feel either uncomfortable or comfortable in unstructured situations
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Hofstede's framework for assessing national culture
Long term vs short term orientation |
Long term orientation
-persistence -ordering relationships by status and observing this order -thrift -having a sense of shame Short term orientation -personal steadiness and stability -protecting your ‘face’ -respect or tradition -reciprocation of greetings, favors, and gifts |
