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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
the barter of products for other products rather than their sale for currency
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
a form of licensing in which an organization provides its foreign frachisees with a complete package of materials nd services
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
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
a preference for a tightly knit social framwork in which individuals look after one another and organizations protect their members' interests
a cultural preference for achievement, heroism, assertiveness, work ventrality, and material success
a cultural preference for relationships, cooperation, group decision making, and quality of life
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
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
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