Management Chapter 4

Front 1

_________________ refers to the extent to which trade and investments, information, ideas, and political cooperation flow between countries

Back 1

Globalization

Front 2

To succeed on a global level requires managers at all levels to have a global ________, which is the ability to appreciate and influence individuals, groups, organizations, and systems that represent different social, cultural, political, institutional, intellectual, and psychological characteristics.

Back 2

global mindset

Front 3

A _ _ _ is an organization that receives more than 25 percent of its total sales revenues from operations outside the parent company's home country and has a number of distinctive managerial characteristics.

Back 3

Multinational corporation (MNC)

Front 4

The _ _ _ concept proposes that corporations can alleviate poverty and other social ills, as well as make significant profits, by selling to the world's poor.

Back 4

bottom of the pyramid (BOP) concept

Front 5

global _______________, sometimes called offshoring, means engaging in the international division of labor so as to obtain the cheapest sources of labor and supplies, regardless of country.

Back 5

global outsourcing

Front 6

Market _______ ___________ are various tactics that managers use to enter foreign markets.

Back 6

Market entry strategies

Front 7

____________ is market-entry strategy in which a company maintains production facilities within its home country and transfers products for sale in foreign countries

Back 7

Exporting

Front 8

With a market-entry strategy of ___________, a company in one country makes certain resources available to companies in other countries to participate in the production and sale of its products abroad.

Back 8

licensing

Front 9

_______________ is a form of licensing in which a company provides its foreign franchisees with a complete package of materials and services

Back 9

Franchising

Front 10

Direct ___________ is a market-entry strategy in which the organization is directly involved in a managing its production facilities in a foreign country.

Back 10

Direct investing

Front 11

Alternatives for direct investing include engaging in joint ventures, acquiring foreign affiliates, and initiating a ____________ venture.

Back 11

greenfield venture

Front 12

With a _______ venture, an organization shares costs and risks with another firm in a foreign country to build a facility, develop new products, or set up a sales and distribution network.

Back 12

joint venture

Front 13

A _________ owned foreign affiliate is a foreign subsidiary over which an organization has complete control.

Back 13

wholly owned foreign affiliate

Front 14

________________ management means managing business operations in more than one country.

Back 14

International management

Front 15

Countries vary widely in terms of __________ development and are classified as either developed countries or less-developed countries (LDC)

Back 15

economic development

Front 16

____________ refers to a country's physical facilities, such as highways, utilities, and airports, that support economic activities.

Back 16

Infrastructure

Front 17

Political _____ refers to a company's risk of loss of assets, earning power, or managerial control due to politically based events or actions by host governments.

Back 17

Political risk

Front 18

Political __________ includes events such as riots, revolutions, or governments upheavals that can affect the operations of an international company.

Back 18

Political instability

Front 19

***Cultural factors in foreign countries are ____ the political and economic factors.

https://quizlet.com/19700930/mgt3013-chapter-4-flash-cards/

Back 19

more perplexing than

Front 20

***Which of the following is a form of franchising?

Back 20

licensing

Front 21

Managers working internationally should guard against ______________, which is the natural tendency among people to regard their own culture as superior to others.

Back 21

ethnocentrism

Front 22

_______ distance is the degree to which people accept inequality in power among institutions, organizations, and people.

Back 22

Power distance

Front 23

___________ avoidance is characterized by people's intolerance for uncertainty and ambiguity resulting support for beliefs that promise certainty and conformity.

Back 23

Uncertainty avoidance

Front 24

_____________ refers to a preference for a loosely knit social framework in which individuals are expected to take care of themselves.

Back 24

Individualism

Front 25

___________ refers to a preference for a tightly knit social framework in which individuals look after one another and organizations protect their members' interests.

Back 25

Collectivism

Front 26

____________ is a cultural preference for achievement, heroism, assertiveness, work centrality, and material success.

Back 26

Masculinity

Front 27

___________ is a cultural preference for relationships, cooperation, group decision making, and a quality of life.

Back 27

Femininity

Front 28

Hofstede later identified another dimension:______-term & ______-term orientation. one concern for future and high value on thrift and perseverance, and the other reflects a concern with the past and present and a high value on meeting current obligations.

Back 28

long-term orientation & short-term orientation

Front 29

Extra

Back 29

Hofstede's sociocultural value dimensions measure power distance, uncertainty avoidance, individualism-collectivism, and masculinity-femininity.

Front 30

_____-_______ culture is one in which people use communication to build personal relationships

Back 30

high-context culture

Front 31

In a ___-_______ culture, people use communication primarily to exchange facts and information.

Back 31

low-context culture

eg: U.S. is low China is high

Front 32

_ _ refers to a person's ability to use reasoning and observation to interpret culturally unfamiliar situations and know how to respond appropriately. The three aspects are cognitive, emotional, and physical _ _.

Back 32

Cultural Intelligence (CQ)

Front 33

The _____ is a single European currency that has replaced the currencies of 16 EU member nations.

Back 33

euro