Exam 4: Managing in a Global Environment

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?

List the four dimensions of national value systems identified by Hofstede.

The Write Pens, Inc. wants to reduce transferring costs by producing closer to the consumer in a foreign country. This will also help in reducing transportation and storage costs. Which strategy would be the best to use given the circumstances?

Exporting, licensing, and direct investing are called _____ strategies because they represent alternative ways to sell products and services in foreign markets.

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

List three examples of a country's infrastructure.

The social value of uncertainty avoidance is evident in countries like Japan which support beliefs that provide stability and conformity among its citizenry.

Austria's cultural preference is for achievement, heroism, assertiveness, and material success. This would be considered:

Scenario - Sharon Cannon Sharon Cannon was an MBA student in Detroit, Michigan, with a managerial position at the Ford Motor Company plant. She was invited to join a company that had entered into a joint venture with a German firm to manage a Volkswagen plant. Sharon would be under contract for one year, with an option to renew for a total of three years. Her salary would be 350% more than she was currently earning, and she would be given two all-expenses paid vacations each year. The money and the benefits sounded very nice, but Sharon wasn't sure what the best choice would be. -MNCs that are oriented toward the markets of individual foreign host countries are considered _____.

When an organization has a humanistic attitude, it values employees as an end in themselves.

When the 2008 financial crisis began in the United States, it resulted in the collapse of the housing market and the failure of several large financial institutions. This crisis spread rapidly to the rest of the world. This example demonstrates which trend in the global economic environment?

The degree to which people accept inequality in power among institutions, organizations, and people is called _____.

Heineken begins by exporting its product into new markets, and then ____ to a local brewer to establish its position in the market.

Scenario - Sharon Cannon Sharon Cannon was an MBA student in Detroit, Michigan, with a managerial position at the Ford Motor Company plant. She was invited to join a company that had entered into a joint venture with a German firm to manage a Volkswagen plant. Sharon would be under contract for one year, with an option to renew for a total of three years. Her salary would be 350% more than she was currently earning, and she would be given two all-expenses paid vacations each year. The money and the benefits sounded very nice, but Sharon wasn't sure what the best choice would be. -The degree of international involvement for the joint venture is an example of:

In international operations, the economic environment includes:

Geocentric companies are truly world-oriented and favor no specific country.

A country's physical facilities that support economic activities make up its _____.

The risk of loss due to actions by host country governments is known as _____.

_____ reflects the values of relationships, cooperation, group decision making, and quality of life.

A low-context culture is a culture in which communication is used to enhance personal relationships.