Exam 4: Managing in a Global Environment

The ________ was created by the unification of 12 countries in Europe.

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 ________.

Which of the following is an MNC that tailors marketing strategies to the host country's unique characteristics?

Multinational corporations became commonplace in the mid-1960s.

________ present(s) the greatest risk to an organization going international.

A Company Expansion (Scenario) You have been hired by a company to look at the best ways to move the company into the Arab market, but you have to first determine what kind of company you are dealing with. -If the company that has hired you is primarily used by manufacturing organizations, it is a ________.

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

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 ________.

The GCC refers to the Gulf Coordination Committee

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 ________.

The reason that a nation's cultural differences are the most difficult to gain information about is because ________.

The transnational corporation characterizes the ethnocentric attitude toward the management of an organization's global business.

A Company Expansion (Scenario) You have been hired by a company to look at the best ways to move the company into the Arab market, but you have to first determine what kind of company you are dealing with. -If the company that has hired you is really a partnership between an organization and a foreign company, in which both share resources and knowledge in developing new products, then it is a ________.

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. -One section of Salma's company's business plan involves strategic alliances and joint ventures. This section is most likely focused on the ________ phase of the company's global business expansion.

In a short essay, describe three regional trade alliances in the Arab world.

A(n) ________ attitude is the view that host-country managers know the best practices for running their operations.

The Association of Southeast Asian Nations includes ________.

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

The process of making products domestically and selling them abroad is known as ________.

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