Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
28 Cards in this Set
- Front
- Back
|
an organizational strategy for entering foreign market
|
market entry strategy
|
|
|
engaging in the international division of labor so as to obtain he cheapest sourves of lbor and supplies regardless of country; also called global sourcing
|
global outsourcing
|
|
|
an entry strategy in which the organization maintains its production facilities within its home counry and transfers its products for sale in foreign countries
|
exporting
|
|
|
the barter of products for other products rather than their sale for currency
|
countertrade
|
|
|
an entry strategy in which an organization in one country makes certain resources available to companies in another country in order to participate in the production and sale of its products abroad
|
licensing
|
|
|
a form of licensing in which an organization provides its foreign frachisees with a complete package of materials nd services
|
franchising
|
|
|
an entry strategy in which the organizaiton is involved in managing its production facilities in a foreign country
|
direct investing
|
|
|
a variation of direct investment in which an organizaiton shares costs and risks with another firm to build a manufacturing facility, develop new products, or set up a sales and distribution network
|
joint venture
|
|
|
a foreign subsidiary over which an organiztion has complete control
|
wholly owned foreign affiliate
|
|
|
the most risky type of direct investment, whereby a company builds a subsidiary from scratch in a foreign country
|
greenfield venture
|
|
|
the management of business operations conducted in more than one country
|
international management
|
|
|
A country's physical facilities that support economic activities
|
infrastructure
|
|
|
A company's risk of loss of assets, earning power, or managerial control due to politically based evvents or actions by host governments
|
political risk
|
|
|
events such as riots, revolutions, or governemnt upheavals that affect the operations of an international company
|
political instability
|
|
|
the degree to which people accept inequality in power among institutions, organizations, and people
|
power distance
|
|
|
s vslur vhstsvyrtixrf by proplr'd intolerance for uncertainty and ambiguity and resulting support for beleifs that promise certainty and conformity
|
uncertainty avoidance
|
|
|
a reference for a loosely knit social framework in which individuals are expected to take care of themselves
|
individualism
|
|
|
a preference for a tightly knit social framwork in which individuals look after one another and organizations protect their members' interests
|
collectivism
|
|
|
a cultural preference for achievement, heroism, assertiveness, work ventrality, and material success
|
masculinity
|
|
|
a cultural preference for relationships, cooperation, group decision making, and quality of life
|
feminity
|
|
|
a greater concern for the future and high value on thrift and perseverance
|
long-term orientation
|
|
|
a concern with the past and present and a high value on meeting social obligations
|
short-term orientation
|
|
|
a cultural attitude marked by the tendency to regard one's own culture as superior to others
|
ethnocentrism
|
|
|
a term describing a GATT clause that calls for member countries to gran other member countries the most fvorable treatment they accord any country concerning imports and exports
|
most favored nation
|
|
|
a single european currency that replaced the currencies of 12 european nations
|
euro
|
|
|
an organization that receives more than 25 percent of its total sales revenues from operations outside the parent company's home country; also called global corporation or transnational corporation
|
multinational corporation (MNC)
|
|
|
a person's ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses
|
cultural intelligence (CQ)
|
|
|
feelings of confusion, disorientation, and anxiety that reult from being immersed in a foreign culture
|
culture shock
|
