Exam 4: Managing in a Global Environment

The primary reason it is difficult to gather information about a country's cultural differences is because ________.

A(n)________ attitude toward managing focuses on using the best approaches and people from around the globe.

Which of the following is an MNC that tailors marketing strategies to the host country's unique characteristics?

Which of the following is a multilateral trading system formed in 1995?

Through the creation of the European Union,member countries now have ________.

According to the GLOBE rankings presented in our textbook,the U.S.,Greece,and Spain all rank high on which cultural dimension?

Jennifer and James have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, but in looking for opportunities in the future, they decide to explore international operations. -By establishing their company's operations in Canada,Jennifer and James hoped that an existing regional trade agreement would help them to avoid tariffs in ________.

According to the GLOBE rankings presented in our textbook,Sweden,New Zealand,and Switzerland all rank low on which cultural dimension?

Canada ranks highest in which of the following Hofstede cultural dimensions?

According to the text,which of the following is a typical definition of a multinational corporation?

Canada's economy is best described as ________.

The focus on decentralized management in multidomestic corporations reflects a(n)________ attitude.

Which of the following is a trading alliance of Southeast Asian nations?

What is the primary reason that the intensifying economic crisis in Europe threatens to impact the decisions of global managers in the U.S.and throughout the world?

In a short essay,describe the different approaches that a company may use when it decides to go international.Provide specific examples for each.

An organization decides to go international.Which of the following steps should it take to do so with a minimal investment?

Jeff Elliott is on a flight across the Pacific and is excited about his first business trip to Asia. Born and raised in Alberta, Jeff is a manager for a rapidly growing Calgary-based company. His current mission is to scout out potential locations in Asia and develop an international expansion strategy for his company. There are many options, including maintaining the business's head office in Canada and sending over company representatives when necessary or developing a separate company in Asia and hiring locals to manage the business. Jeff's trip will take him to Japan, South Korea, Hong Kong, Taiwan, and China. He is looking forward to learning more about the business practices and customs of each country and is not too worried about the fact that he only speaks English. Jeff has heard that English is considered the main international business language, and he anticipates that most Asians will be able to speak it. -The fact that Jeff expects most Asians to be able to speak English suggests a narrow view of the world known as ________.

Key advantages of the polycentric attitude include a simpler structure and tighter control.

As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on global trade. The presentation should include an overview of the world's major trade alliances and mechanisms that promote global trade. The Chamber president has also asked you to comment on a recent quote by a local politician, who stated: "NAFTA has been a bad deal for Canada and it continues to weaken our economy." As you review your notes, you wonder how you will fit all the information into the allotted half-hour presentation time! -Before you conclude your speech,you intend to explain how the WTO operates as ________.

The term multinational corporation refers to any and all types of international companies that maintain operations in multiple countries.