Exam 1: Introduction and Overview

Employer and professional associations work for the benefit of the employer only, and generally disregard employee benefits and compensation negotiation.

When implementation of company plans and objectives has to be adjusted for local customization, it is an example of the influence of ________.

Company culture, climate, strategy, and organizational structure are all important ________ for MNC's foreign operations considerations.

What are financial IGOs? What are some ways in which they can influence the development of viable labor markets to support MNC foreign direct investment (i.e., the development of foreign operations)?

Cultural divergence is often felt with the implementation of company plans and objectives, which require local customization and adjustment.

Effective workforce management is the key to both company strategy formulation and implementation.

What is organizational culture? How can an MNC's organizational culture have a common influence across country operations that overcome potentially divisive cultural differences?

As a result of rapid globalization, companies and managers who wish to remain within their national boundaries and not venture abroad are increasingly subjected to foreign influence because the "abroad" is coming to them in the form of foreign direct investment, foreign competition, foreign technology, and foreign labor.