Exam 4: Managing in a Global Environment

In a survey of 1250 manufacturing firms, it was found that companies that operated in multiple countries had half the sales growth and the profitability of domestic firms.

Joint ventures are also termed ________.

When a company expands internationally, importing and exporting represent a more significant global investment than which of the following?

A Foreign Alliance Talk As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on 'foreign trade'.You are requested to include the EU, ASEAN because many members believe that the extreme right of politics is correct when it asserts that Australia must protect Australian business and jobs.As you work through your notes, you are trying to decide on the best information you can present in the allotted half-hour. -Refer to A Foreign Alliance Talk (Scenario).One of the hottest topics of your talk will be ASEAN, an issue that has the attention of the local business community.How did the GFC affect ASEAN?

The Southern Common Market is also known as ________.

Multinational corporations maintain operations in multiple countries.

First Visit Abroad Bill Sanderson is in the air over the Middle East and is excited about his first European business trip.His goal is to scout out potential locations and basically provide input as to how the company should proceed with expanding abroad.There are many options, including maintaining the business' head office in Australia and sending over company representatives when necessary or developing a separate company in Europe and hiring locals as managers.In any case, he is confident about this trip but is somewhat concerned about the strange habits and foreign languages.(If only they would just speak English like everyone else!) -Refer to First Visit Abroad (Scenario).If Bill's company decides to open a completely new operation in Germany, tailoring the company to local customs and marketing strategies and hiring local managers, they would be considered ________.

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 found out that wealthier nations, such as Australia, Great Britain and the United States, tend to ________.

'Parochialism' is ________.

Which of the following statements is true regarding the European Union?

________ is the values and attitudes shared by individuals from a specific country that shape their behaviour and their beliefs about what is important.

First Visit Abroad Bill Sanderson is in the air over the Middle East and is excited about his first European business trip.His goal is to scout out potential locations and basically provide input as to how the company should proceed with expanding abroad.There are many options, including maintaining the business' head office in Australia and sending over company representatives when necessary or developing a separate company in Europe and hiring locals as managers.In any case, he is confident about this trip but is somewhat concerned about the strange habits and foreign languages.(If only they would just speak English like everyone else!) -Refer to First Visit Abroad (Scenario).If Bill's company decided to open another company in France but maintain its management and other decisions in Australia, it would be considered ________.

Which of the following would be an example of a manager displaying a parochial attitude in a foreign environment?

Which of the following events did NOT contribute to the involvement of Australian and New Zealand based companies in global operations?

In a short essay, list and discuss the three attitudes managers might have toward international business.

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 found out that, compared to managers in many other countries, Australian managers are accustomed to legal and political systems that are ________.

Which of the following is NOT listed by the textbook as an area of significant challenge for an Australian manager working in a foreign country?

According to the textbook, the ________ approaches global business from a polycentric attitude.

Successful global management requires ________.

Which of the following describes the current state of world use of languages?