Exam 4: Managing in a Global Environment

__________is a national culture attribute that places a high value on future occurrences.

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 eliminates country- designated locations and reorganizes based on industry groups, it would best be considered a__________ .

define parochialism. Next, discuss why parochialism is a problem for some managers and discuss reasons why it is important to overcome parochialism in today's business environment.

Cultural Training (Scenario) Jihan wants to expand her career opportunities in the international operations of a company. She is 19 years old and currently attends a university. She has only lived in her current country and has never traveled to foreign countries. -In talking with her advisor at the university, Jihan decides she probably has a(n)__________ attitude, as she has never traveled abroad and only relates well to people from her home country.

The polycentric attitude is a world- oriented view focusing on using the best approaches and people from around the globe.

Managers with a(n) ___________ attitude view every foreign operation as different and hard to understand.

Software Entrepreneurial Venture (Scenario) Talal and Jibran have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, but in looking for opportunities in the future, they decide to explore international operations. -Talal and Jibran decide to allow a firm in Europe to use the rights to their software, its brand name, and software specifications in return for a lump- sum payment. The firm is a service organization that plans to use the software to assist its customers. This agreement is known as a__________ .

Parochialism is __________.

GAFTA refers to the Greater Association of Free Trade for Arabs.

The principle reason for the formation of a regional trading alliance in Europe was to reassert members' economic positions against the strength of the United States and__________ .

In the later stages of doing business globally, if an organization is ready to make a more direct investment, it might utilize__________ .

In a society with a highly__________ culture, strong value is placed on relationships and concern for others.

The United States is an example of a country with smaller power distance.

list and discuss the three attitudes managers might have toward international business.

In an attempt to be more aggressive, a company might export and import more. These steps usually require__________.

Successful global management requires an attitude that is best described as ___________ .

The GLOBE framework assesses how many cultural dimensions?

First Visit Abroad (Scenario) Bashir is excited about his first European business trip. He is confident about the trip, but is somewhat concerned about the strange habits and foreign languages he will encounter. "If only they would just speak Arabic like everyone else I know!" Bashir thinks. -Bashir's tendency to view the world only through his Arab- based perspective is an international business problem known as which of the following?

describe how managers are affected by the global economic environment, highlighting four factors that affect management and explaining why each is important.

discuss the dimensions of the GLOBE framework. Describe how each dimension compares to Hofstede's five dimensions of national culture.