Exam 4: Managing in a Global Environment

A Foreign Alliance Talk (Scenario) As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on foreign trade. The chamber president even goes so far as to say "and be sure to include the EU, NAFTA, CAEU, GAFTA and all that stuff because we're afraid the economists are right -all the good jobs will have to go elsewhere." As you pour over your notes, you try to choose the best information to present in the allotted half hour. -You plan to explain during your talk that the acronyms EU, NAFTA, FTAA, GAFTA and ASEAN refer to __________.

A New Assignment (Scenario) Mariam was given a new assignment to head up the European division of a multinational organization. Before leaving her country to take up her new assignment she needed training to manage and understand the European division. -Mariam found that wealthier nations, such as the United States, tend to ___________.

Only when a country's legal- political environment is unstable or revolutionary is it of concern to managers.

Among the member countries of the North American Free Trade Agreement, trade has__________ since the treaty was signed.

The Council of Arab Economic Unity (CAEU) was established by Egypt, Saudi Arabia, Qatar, and Oman in 1972.

Foreign subsidiaries are usually managed__________ .

list and explain Hofstede's five dimensions of national culture.

explain what a 'strategic alliance' is, and how organizations can benefit from using them. Provide an example to support your answer.

Which of the following is a basic definition of a multinational corporation?

Business Expansion Plan (Scenario) As a business expansion director, Salma's goal is to scout out potential locations and basically provide input on how her company should proceed with its planned expansion into Europe. There are many options, including maintaining the businesses head office in Egypt and sending over company representatives when necessary or establishing separate operations facilities abroad and hiring locals as managers. -If Salma's company decides to open a completely new operation in the UK, tailoring the company to local customs and marketing strategies and hiring local managers, they would be considered a__________ .

According to Hofstede, Arabs tend to rank ___________ .

The European Union (EU) and the North American Free Trade Agreement (NAFTA) created regional trading and cooperative agreements.

A New Assignment (Scenario) Mariam was given a new assignment to head up the European division of a multinational organization. Before leaving her country to take up her new assignment she needed training to manage and understand the European division. -European multinational firms commonly use a __________approach because they are operating in multiple countries with different institutional environments.

Successful ___________ management requires enhanced sensitivity to differences in national customs and practices.

According to the textbook, Americans most value __________, Arabs__________ , and the Japanese ___________.

The Council of Arab Economic Unity was established in

Which of the following is the basic difference between multidomestic corporations and global companies?

A New Assignment (Scenario) Mariam was given a new assignment to head up the European division of a multinational organization. Before leaving her country to take up her new assignment she needed training to manage and understand the European division. -Mariam learned that generally, European cultures did not have high anxiety, nervousness, and stress. This meant they had low__________ .

The North American Free Trade Agreement includes__________ .

Americans tend to suffer from parochialism.