Exam 4: Managing in a Global Environment

International management refers to the situation whereby business recruits managers from more than one country to help run its business internationally.

___________________ (three words)is a national cultural trait more concerned with the past and the present and places a high value on tradition and meeting social obligations.

A low-context culture emphasises the importance of communication as a way to build personal relationships.

The primary tools GATT (now the WTO)uses to increase trade are tariff enhancements,coercion and most-favoured-nation clauses.

Each of the following is a characteristic of a multinational company,except:

A manager is said to have a global mindset when they have an ability to appreciate and influence individuals,groups,organisations and systems that represent different social,cultural,political and psychological characteristics.

Political risk is defined as an organisation's risk of ________________ due to politically based events or actions by host governments.

Do you think that the introduction of the Euro currency has cut trading costs for Australian companies?

When a company builds a new subsidiary in a foreign country it is often called a greenfield venture.

A company in the domestic stage often has marketing and production facilities located in many countries across the world.

Managing human resources in a multinational or global company can present important challenges for both the company and the employee.Identify the main challenges that both parties face in the placement of human resources internationally.Identify the strategies that might be employed to address these challenges.

In addition to the dimensions identified by Hofstede,the GLOBE project identifies the following cultural characteristics: assertiveness,future orientation,gender differentiation,performance orientation and human orientation.

In international operations,the economic environment includes which of the following?

According to Hofstede's cultural dimensions,high uncertainty avoidance means that members of a society feel uncomfortable with ambiguity and therefore support beliefs that promise conformity.

Engaging in the international division of labour so as to obtain the cheapest sources of labour and supplies regardless of country; also called___________________________ (two words).

___________________ represents a cultural attitude marked by the tendency to regard one's own culture as superior to all others

____________ is an entry strategy in which the organisation maintains its production facilities within its home country,and transfers its products for sale in foreign markets.

Briefly describe the social characteristic of ethnocentrism and explain how this can have an impact on the success of an international manager.

With exporting,the corporation transfers its products for sale and its production facilities in foreign countries.

In __________,a company shares costs and risks with another organisation.