Exam 4: Managing in a Global Environment

Which of the following refers to engaging in the international division of labor so that work activities can be done in countries with the cheapest sources of labor and supplies?

Mark works at a company that places a high value on its concern for its employees' well-being and on collaboration rather than on competition. Based on this information, Mark's employer is __________ on __________.

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

What is global outsourcing? What role has technology played in outsourcing in recent years?

Multinational corporationsthat are oriented toward the markets of individual foreign host countries are considered __________.

At NPE Corporation, employees who meet their performance goals each month receive a bonus. Based on this information, NPE places a __________ value on __________.

For the past several years, foreign companies have invested more in business in __________ than they spent anywhere else in the world.

Whereas China is strong in __________, India is a rising power in __________.

The World Trade Organization (WTO):

Many managers fail to realize that the values and behaviors that typically govern how business is done in their own country don't always translate to the rest of the world.

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

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

A(n) __________ is the ability of managers to appreciate and influence individuals, groups, organizations, and systems that represent different social, cultural, political, institutional, intellectual, and psychological characteristics.

__________ refers to a value characterized by people's intolerance for uncertainty and ambiguity and resulting support for beliefs that promise certainty and conformity.

Collectivism means a preference for a tightly knit social framework in which individuals look after one another and organizations protect their members' interests.

China has the fastest-growing middle class in history.

Sarah works at a U.S.-based company that gets most of its sales from Europe, more than half of the company's managers are non-American, and its employees work in five different countries. Based on this information, Sarah works at a(n):

Organizations have a couple ways to become involved internationally. Write a short essay that compares and contrasts the three approaches that companies often use to engage in the international arena: exporting, outsourcing, and partnerships. Include an example of products or services that are exported and outsourced, and three examples of partnerships.

With regards to developing a global mind-set, learning by doing means:

Multinational corporationsthat are truly world-oriented and favor no specific country are considered __________.