Exam 4: Managing in a Global Environment

The Australian-New Zealand Closer Economic Relations (CER)is the only bilateral free trade agreement that Australia is a party to.

Which of the following is a basic definition of a multinational corporation?

Which of the following is the basic difference between multidomestic corporations and global companies?

In one of the early stages of an organisation going international, managers may enter international markets by license or franchise to another firm the right to use the organisation's brand name, technology or product specifications.

A Different View John has done well in his company.In only five years, he has risen to the position of divisional manager.However, he knows that in order to rise to the level of senior management he needs to spend some time managing abroad in his company's foreign subsidiaries.Although he has travelled to foreign countries for business and holidays, he has never lived abroad and wonders what differences he would find.He is considering applying for a new foreign-based position, but first wants to find out some basic differences between managing in Australia and managing in a foreign country.He researched the topic of international management and found many helpful facts about countries and their people. -Refer to A Different View (Scenario).John also found out that in some countries (such as Singapore), titles, rank and status carry a lot of weight.These countries have a high ________.

According to the textbook, organisations in which of the following cultures are likely to have formal rules and little tolerance for unusual ideas and behaviours?

An increased level of anxiety among its people characterises a society with high uncertainty avoidance.

A Different View John has done well in his company.In only five years, he has risen to the position of divisional manager.However, he knows that in order to rise to the level of senior management he needs to spend some time managing abroad in his company's foreign subsidiaries.Although he has travelled to foreign countries for business and holidays, he has never lived abroad and wonders what differences he would find.He is considering applying for a new foreign-based position, but first wants to find out some basic differences between managing in Australia and managing in a foreign country.He researched the topic of international management and found many helpful facts about countries and their people. -Refer to A Different View (Scenario).John knew that he did not want to manage in a country where the people have high anxiety, nervousness and stress.He will, therefore, try to avoid countries characterised as having high ________.

The reason that a nation's cultural differences are the most difficult to gain information about is because ________.

For Australian businesses to have successful global management, which of the following statements provides the best advice?

The single European Union (EU)currency is called the ________.

Multidomestic corporations are known for ________.

In a short essay, explain the nine dimensions on which national cultures differ according to the GLOBE research.

In a short essay, define 'parochialism'.Next, discuss why parochialism is a problem for Australian managers and discuss reasons it is important to overcome parochialism in today's business environment.

Hofstede found that Ireland and Canada were countries whose cultures were well above average on achievement-nurturing measures of culture.

A drawback of the geocentric perspective is that it is inflexible.

The Overseas Assignment Christopher has a degree in business administration and has worked for a major corporation for five years.He is offered a chance to work in another country. -Refer to The Overseas Assignment (Scenario).This new country's people are favourably influenced by Christopher's job title and the status given by his experience of having worked in the home office for five years.This country has a high_______.

________ management requires enhanced sensitivity to differences in national customs and practices.

In a short essay, explain the differences among a multidomestic corporation, a global company and a borderless organisation.Include examples of companies for each of the types of organisations discussed.

The trading bloc made of Brunei, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam, Cambodia, Laos and Myanmar is ________.