Exam 3: Managing in a Global Environment

Business has become a unified,global field as trade barriers fall,communication becomes faster and cheaper,and consumer tastes converge.

The fifth dimension of Hofstede's social values is preliminary-term orientation and extended-term orientation.

The European Union has expanded to a ____-nation alliance.

Case - Doing Business in Eritrea Eritrea is in Eastern Africa. Its size is slightly bigger than the state of Pennsylvania. Eritrea currently hosts a UN peacekeeping operation that is monitoring a 25 km-wide Temporary Security Zone on the border with Ethiopia. An international commission, organized to resolve the border dispute, posted its findings in 2002 but final demarcation is on hold due to Ethiopian objections. Since gaining its independence from Ethiopia on 24 May 1993, Eritrea has faced the economic problems of a small, desperately poor country. Like the economies of many African nations, the economy is largely based on subsistence agriculture, with 80 percent of the population involved in farming and herding. In 2004, it took 13.788 nakfa (the Eritrean currency) to get one U.S. dollar, and its per capita income was equal to 900 U.S. dollars. It has a total of 306 kilometers of railroad, 874 kilometers of paved roads, and four airports with paved runways. Its people speak a variety of languages including Afar, Arabic, Tigre and Kunama, Tigrinya, and other Cushitic languages. The Eritrean society is generous with whatever resources it has and its people place a high value on helping others. -Refer to the scenario above.Within the legal-political environment,Eritrea would:

Linguistic pluralism occurs in countries like India where more than one language exist.

The _________ is the single European currency that has replaced 16 national currencies.

Collectivist values are represented in the social framework of which of these?

Social values greatly influence organizational functioning and management styles.

Rooftop International,Inc.buys insurance against host government takeover when investing in foreign countries.This is an example of which sector of the international environment?

Countries whose social values reflect low power distance

Ethnocentrism refers to a natural tendency of people to regard their own culture as inferior to other cultures.

The sub-divisions of the international environment are the economic,the sociocultural,and the legal-political environments.

Today's companies compete in a ____.

Identify and briefly explain at least two key factors in economic,sociocultural and political-legal environments that affect an organization.

All of the following are components of cultural intelligence,EXCEPT:

There are three components to cultural intelligence: cognitive,emotional,and physical.

Which of the following is defined as a culture in which communication is used to enhance personal relationships?

Most firms begin with which strategy to enter foreign markets?

If you built a computer company in Africa and then found that your product was having difficulty being distributed to customers because of the road system,your problem would be related to

With its large English-speaking population,_______ has numerous companies offering services such as call-center operations,data-processing,computer programming,and technical support.