Exam 4: Managing in a Global Environment

China and India have been the world's fastest growing economies in recent years. Write a short essay that summarizes how these two countries are changing the landscape of international business, and describe the arena in which each excels. Then choose some type of business that you would like to be involved in, and describe how and why you, as a manager in that business, would choose to work with other organizations in one of these two countries.

One of Hofstede's social values that was developed later is:

One result of globalization is that countries, businesses, and people become increasingly independent.

Countries, businesses, and people are becoming increasingly interdependent. To succeed on an international level, managers in all fields need a global mind-set. Write a short essay expounding on what it means to have a global mind-set and why it is necessary in today's business environment. Include your thoughts on two or three steps a manager can take that will help him develop a global mind-set.

Succeeding on a global level requires that managers and organizations develop a(n):

Which of the following has spurred the entry of small businesses into the global arena?

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

Which of the following countries possesses a high performance orientation?

Social values greatly influence organizational functioning and management styles.

__________ companies place an emphasis on a worldwide perspective.

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

Angela works at a company that emphasizes competitiveness between its employees. Angela works at a company __________ in __________.

In a(n) __________, a company shares costs and risks with another firm, typically in the host country, to develop new products, build a manufacturing facility, or set up a sales and distribution network.

Which dimension of cultural intelligence involves a person's observational and learning skills and the ability to pick up on clues to understanding?

Market risk is defined as the risk of loss of assets, earning power, or managerial control due to politically based events or actions by host governments.

German, Swiss, and North American cultures are considered to be high-context cultures.

As a first step into international business, which two countries are most companies going to today?

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?

Which of the following individuals would most likely prefer lower context communication?

Which of the following is an entry strategy in which the company maintains its production facilities within its home nation and transfers its products for sale in foreign countries?