Exam 4: Managing in a Global Environment

A country that places emphasis on fairness and values kindness would be described by the Globe Project as high in _____.

The Maquiladora industry along the Texas-Mexico border on the Mexico side uses cheap labor for assembling products. This lowers the price for U.S. consumers and is an example of:

Political risk is defined as an organization's risk of _____ due to politically based events or actions by host governments.

According to the GLOBE Project, a society with a high performance orientation places high emphasis on performance and rewards people for performance improvements and excellence.

An example of global outsourcing is seen when Gap, Inc uses low-cost Caribbean labor to cheaply produce its clothing, and then finishes off and sells its clothing in the United States.

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

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 degree of international involvement for the joint venture is an example of:

A tendency to regard their own culture as superior and to downgrade other cultures reflects an attitude called geocentric.

Kim, a Japanese expatriate working in Denmark, tends to use communication primarily to build personal social relationships. She feels that relationships and trust are more important than business. Kim is surprised that her business associates in Denmark do not share the same views. Based on this information, Kim most likely grew up in what type of culture?

For the past several years, foreign companies have invested more in business in _____ than in any other place in the world.

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

In international operations, the economic environment represents all of the following factors except:

Seeking cheaper sources of materials or labor offshore is called offshoring.

List three examples of a country's infrastructure.

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:

According to the GLOBE Project, gender differentiation refers to the extent to which a society maximizes gender role differences.

Exchange rates are included in which of the following international environments?

List the three examples of direct investing mentioned in your text.

In countries where women are often in positions of high status, the Globe Project would describe that culture as low in _____.

Describe GATT and the World Trade Organization.