Exam 4: Managing in a Global Environment

According to Manager's Shoptalk in Chapter 4, what does the gesture of scratching one's head usually mean in Russia?

A _____ interaction requires more time because a relationship has to be developed, and trust and friendship must be established.

A nation's _____ includes the shared knowledge, beliefs and values, as well as the common modes of behavior and ways of thinking, among members of a society.

Direct investing means that the company is involved in managing the productive assets, which distinguishes it from other entry strategies that permit less managerial control.

In a(n) _____, people use communication primarily to exchange facts and information.

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?

A.R.C. is a large non-profit humanitarian aid organization that has been forced to pull out of several African markets in recent years due to civil wars and large-scale violence. This demonstrates which frequently cited problem for international companies?

CASE 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 American firm joining in the joint venture:

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

Which of the following has a goal to guide the nations of the world toward free trade and open markets?

Which of the following is an entry strategy in which the organization maintains its production facilities within its home country and transfers its products for sale in foreign markets?

Which organization originated and supports the idea of small businesses operating on a global level?

Whereby a company builds a subsidiary from scratch in a foreign country, is referred to as a(n) _____, and is the most risky type of direct investment.

Briefly explain the difference between high power distance and low power distance.

What is global outsourcing? Identify a unique variation of global outsourcing.

Which of these is a low-context culture?

Many U.S. managers fail to realize that the values and behaviors that typically govern how business is done in the United States do not translate to the rest of the world.

_____ refers to the degree to which people accept inequality in authority among institutions, organizations, and people.

Large international firms typically are called multinational corporations.

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