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163 Cards in this Set

  • Front
  • Back

Globalization

Social, political, economic, cultural and technological integration

Foreign Direct investment

Investment in property, plant and equipment

Maquiladora

Mexican factory

Keiretsus

Japan vertically integrated industries

Chaebols

Korean conglomerates

Individualism

Adam smith... Capitalism and free market society

Collectivism

Whole> individual *plato

Collectivism

Whole> individual *plato

Socialism

Government ownership.. Karl Marx



Communism =extreme

Collectivism

Whole> individual *plato

Socialism

Government ownership.. Karl Marx



Communism =extreme

Corporate social responsibility

Volunteer actions of a firm to benefit society

Collectivism

Whole> individual *plato

Socialism

Government ownership.. Karl Marx



Communism =extreme

Corporate social responsibility

Volunteer actions of a firm to benefit society

Sustainability

Meet needs w/o hard

Collectivism

Whole> individual *plato

Socialism

Government ownership.. Karl Marx



Communism =extreme

Corporate social responsibility

Volunteer actions of a firm to benefit society

Sustainability

Meet needs w/o hard

Principal of sovereignty

Governments rule as they see fits

Collectivism

Whole> individual *plato

Socialism

Government ownership.. Karl Marx



Communism =extreme

Corporate social responsibility

Volunteer actions of a firm to benefit society

Sustainability

Meet needs w/o hard

Principal of sovereignty

Governments rule as they see fits

Doctrine of comity

Mutual respect for laws of another country

Collectivism

Whole> individual *plato

Socialism

Government ownership.. Karl Marx



Communism =extreme

Corporate social responsibility

Volunteer actions of a firm to benefit society

Sustainability

Meet needs w/o hard

Principal of sovereignty

Governments rule as they see fits

Doctrine of comity

Mutual respect for laws of another country

Totalitarianism

One representative party controls

Culture

Acquired knowledge that people use to interpret experience and social behavior



Shared/learned

Ethnocentric

Values and interest of parent company

Poly centric

Tailored to suit

Regiocentric

Blend interest

Ethnocentric

Values and interest of parent company

Poly centric

Tailored to suit

Regiocentric

Blend interest

Geocentric

Global systems

Ethnocentric

Values and interest of parent company

Poly centric

Tailored to suit

Regiocentric

Blend interest

Geocentric

Global systems

Parochialism

Own eyes and perspective

Ethnocentric

Values and interest of parent company

Poly centric

Tailored to suit

Regiocentric

Blend interest

Geocentric

Global systems

Parochialism

Own eyes and perspective

Simplification

Same orientation different culture

Ethnocentric

Values and interest of parent company

Poly centric

Tailored to suit

Regiocentric

Blend interest

Geocentric

Global systems

Parochialism

Own eyes and perspective

Simplification

Same orientation different culture

Guanxi

Good connections (Chinese)

Ethnocentric

Values and interest of parent company

Poly centric

Tailored to suit

Regiocentric

Blend interest

Geocentric

Global systems

Parochialism

Own eyes and perspective

Simplification

Same orientation different culture

Guanxi

Good connections (Chinese)

Namaste

Indian gesture to greet

Ethnocentric

Values and interest of parent company

Poly centric

Tailored to suit

Regiocentric

Blend interest

Geocentric

Global systems

Parochialism

Own eyes and perspective

Simplification

Same orientation different culture

Guanxi

Good connections (Chinese)

Namaste

Indian gesture to greet

Organizational culture

Values and beliefs to understand roles and norms in culture

Ethnocentric

Values and interest of parent company

Poly centric

Tailored to suit

Regiocentric

Blend interest

Geocentric

Global systems

Parochialism

Own eyes and perspective

Simplification

Same orientation different culture

Guanxi

Good connections (Chinese)

Namaste

Indian gesture to greet

Organizational culture

Values and beliefs to understand roles and norms in culture

Family culture

Hierarchy and orientation to a person

Ethnocentric

Values and interest of parent company

Eiffel tower

Orientation to task

Poly centric

Tailored to suit

Regiocentric

Blend interest

Geocentric

Global systems

Parochialism

Own eyes and perspective

Simplification

Same orientation different culture

Guanxi

Good connections (Chinese)

Namaste

Indian gesture to greet

Organizational culture

Values and beliefs to understand roles and norms in culture

Family culture

Hierarchy and orientation to a person

Ethnocentric

Values and interest of parent company

Eiffel tower

Orientation to task

Guided missile

Task to group /team (project)

Poly centric

Tailored to suit

Regiocentric

Blend interest

Geocentric

Global systems

Parochialism

Own eyes and perspective

Simplification

Same orientation different culture

Guanxi

Good connections (Chinese)

Namaste

Indian gesture to greet

Organizational culture

Values and beliefs to understand roles and norms in culture

Family culture

Hierarchy and orientation to a person

Ethnocentric

Values and interest of parent company

Poly centric

Tailored to suit culture

Guided missile

Task to group /team (project)

Geocentric

Integrate Global systems approach to decision making

Poly centric

Tailored to suit

Regiocentric

Blend interest

Geocentric

Global systems

Parochialism

Own eyes and perspective

Simplification

Same orientation different culture

Family culture

(Power oriented) Hierarchy and orientation to a person

Eiffel tower

(Role oriented) hierarchy and Orientation to task

Guided missile

Equality Task to group /team (project oriented)

Incubator

Equality and personal orientation (fulfillment orientation)

Power distance

Less powerful members of institution accept power distributed unequally

Uncertainty avoidance

People feel threatened by situations and have created beliefs to avoid them

Globalization imperative

Belief that one world wide approach to doing business is key to efficiency and effectiveness

Power distance

Less powerful members of institution accept power distributed unequally

Uncertainty avoidance

People feel threatened by situations and have created beliefs to avoid them

Globalization imperative

Belief that one world wide approach to doing business is key to efficiency and effectiveness

Advertising:

French: avoid logic


British: laugher


German: factual and rational

Succinct

Few words, understatement, pauses and silent

Specialization

Assign individuals to specific tasks

Formalization

Use of defined structure and system in decisions making communication and controlling

Wholly owned subsidiaries

Overseas operation totally owned and controlled by MNC

Exacting

Precision and right amount of words

Elaborate

High context much detail and repeat themselves

Kinesics

Communications through body language and facial expressions

Chronemics

Use of time


Monochromic: linear fashion


Polychromatic: several things done at once

Strategic management

Identify mission, goals, and strategies.. Implement a plan of action

Economic strategies

Cost leadership differentiation and segmentation

Political strategies

Country responsive approach designed to protect local niche markets

Subsidiaries

Finance related business

Global product division

Structural arrangement in which domestic divisions given worldwide responsibility

Doing business in China

Values and principals... Start with tea... Stick to decisions

Doing business in China

Values and principals... Start with tea... Stick to decisions

Doing business in Russia

Personal relationships... Local consultants... Ethical behavior... Patient

Doing business in China

Values and principals... Start with tea... Stick to decisions

Doing business in Russia

Personal relationships... Local consultants... Ethical behavior... Patient

Businesses in India

Be on time... Address titles... No public display of affection

Doing business in China

Values and principals... Start with tea... Stick to decisions

Doing business in Russia

Personal relationships... Local consultants... Ethical behavior... Patient

Businesses in India

Be on time... Address titles... No public display of affection

Business in France

On time... Pleasure conversation... No use first names.. Rarely make decisions

Homogeneous group

Members have similar backgrounds and interpret in similar ways

Homogeneous group

Members have similar backgrounds and interpret in similar ways

Token griup

All members but one have same background

Homogeneous group

Members have similar backgrounds and interpret in similar ways

Token griup

All members but one have same background

Bicultural group

Two or more members represent two distinct cultures

Homogeneous group

Members have similar backgrounds and interpret in similar ways

Token griup

All members but one have same background

Bicultural group

Two or more members represent two distinct cultures

Multicultural group

All different ethnic backgrounds