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| viewing the world solely through your own perspectives, leading to an inability to recognize differences between people. |
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| - the parochialistic belief that the best work approaches and practices are those of the home country |
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| the view that the managers in the host country know the best work approaches and practices for running their business. |
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| a world-oriented view that focuses on using the best approaches and people from around the globe |
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| Multinational Corporation (MNC |
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Definition
| a broad term that refers to any and all types of international companies that maintain operations in multiple countries. |
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| Multidomestic Corporation |
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| an MNC that decentralizes management and other decisions to the local country. (Polycentric Attitude) |
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| an MNC that centralizes management and other decisions in the home country. (Ethnocentric Attitude) |
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| Transnational or Borderless Organization |
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| an MNC in which artificial geographical barriers are eliminated. (Geocentric Attitude) |
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| purchasing materials or labor from around the world wherever it is cheapest. |
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| making products domestically and selling them abroad. |
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| acquiring products made abroad and selling them domestically. |
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| an organization gives another organization the right to make or sell its products using its technology or product specifications. |
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| an organization gives another organization the right to use its name and operating methods. |
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| a partnership between an organization and one or more foreign company partner(s) in which both share resources and knowledge in developing new products or building production facilities |
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| a specific type of strategic alliance in which the partners agree to form a separate, independent organization for some business purpose. |
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| directly investing in a foreign country by setting up a separate and independent production facility or office |
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| look after their own and family interests |
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| people expect the group to look after and protect them |
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| accepts wide differences in power, great deal of respect, for those in authority |
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| plays down inequalities, employees are not afraid to approach nor are in awe of the boss |
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| high uncertainty avoidance |
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Definition
| threatended with ambuigity and experience high levels of opinions |
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| low uncertaintity avoidance |
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Definition
| comfortable with risks, tolerant of different behavior, and opinions |
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Definition
| values such as assertiveness, acquiring money and goods, competition prevail |
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| values such as relationships and concerns for others prevail |
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| people value tradition and the past |
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| people look to the future and value thrift and persistance |
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| The degree to which members of a society expect power to be unequally shared. |
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| a society’s reliance on social norms and procedures to alleviate the unpredictability of future events. |
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| cultural awareness and sensitivity skills |
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| attributes that allow a leader to be effective in cross-cultural environments. |
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Definition
predictable environment
few components in environment
components are somewhat similar and remain basically the same
minimal need for sophisticated knowledge of components |
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Term
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Definition
predictable environ.
many components in the environ.
comp. are not similar to one another and remain the same
high need for sophisticated knoledge of components |
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Term
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Definition
unpredictable environ
few components in environment
components are somewhat sim but are continually changing
minimal need for sophisticated knowledge of components |
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Term
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Definition
unpredictable environ
many components in env
components are not sim to one anohter and are always changing
high need for sophisticated knowledge of components |
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Term
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Definition
| union of 27 european nations created as a unified economic and trade entity.when they formed in 1992 with 12 members, their primary motivation was to reassert the regions economic position against the us and japan. before then, each european nation had border controls, taxes and subsidies, nationalistic policies, and protected industries. |
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Definition
currently used in 16/27 countries and all new members must use it. only denmark, UK, and sweden are not allowed to use it.
libson treaty-provide common legal framework and the tools to meet the challenges of a changing world including climatic and demographic changes...etc |
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Term
| NAFTA-north american free trade agreement |
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Definition
eliminates barries to free trade (tariffs, import licensing requirements, customs user fees, et and strengthened the economic power of all three counties but not equally).
Mexico, cananda, and US |
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Term
| ASEAN-association of southeast asia nations |
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Definition
| trade alliance of 10 southeast asian nations, plus china, japan, and south korea have met to talk trade with them. they havent been able to sacrifice for the cmmon good. |
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Term
| WTO-world trade organization |
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Definition
| 153 countries that attempts to help countries conduct trade through a system rules of trade. evolved from the general agreement on tariffs and trade (GATT). WTO is the only global organization that deals with trade rules among nations. the goal is to help countries conduct trade through a system of rules. helps in monitoring, promoting, and protecting global trade. |
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Term
| international monetary fun (IMF) |
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Definition
| 185 counties that promotes international monetary cooperation provides member countries with policy advice, temp loans and tech assistence to establish and maintain financial stability and to strengthen economics. |
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Definition
| 5 closely associated inst. that provides financial and tech. assistance to developing countries. the goal is to promote long term economic development and poverty reduction by providing members with technical and financial support. reached $100 billion |
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| organization for economic cooperation and development (OECD) |
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