Exam 4: Managing in a Global Environment

The multinational stage of corporate international development transcends any single home country. The ownership, control, and top management tend to be dispersed among several nationalities.

Cultural intelligence refers to a person's ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses.

The Iron Triangle of Globalization includes:

The criterion traditionally used to classify countries as developed or developing is per capita income.

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?

List three examples of a country's infrastructure.

A preference for a loosely knit social framework in which individuals are expected to take care of themselves is called ____________________.

According to Manager's Shoptalk in Chapter 4, being on-time for appointments is very important in Brazil.

When it comes to economic development, a currently developing country is also called a(n) ___________________________________.

A form of exporting to less-developed countries is called

An MNC is managed as an integrated worldwide business system.

__________ reflects a cultural preference for cooperation, group decision making, and quality of life.

______________________________ is the criterion traditionally used to classify countries as developed or developing.

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

____________________ stands for preference for achievement, heroism, assertiveness, work centrality (with resultant high stress), and material success.

_________________________ is the rate at which one country's currency is exchanged for another country's.

CASE Scenario - Tamara Headley Tamara Headley 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. Tamara 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 Tamara wasn't sure what the best choice would be. -If Tamara accepted the new position, she would be facing significant new challenges in

Ethnocentrism refers to a natural tendency of people to regard their own culture as superior and to downgrade or dismiss other cultural values.

LDC's are less developed countries and tend to be found in the Southern Hemisphere including Africa, Asia and South America.

CASE Scenario - Tamara Headley Tamara Headley 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. Tamara 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 Tamara wasn't sure what the best choice would be. -The American firm joining in the joint venture