Exam 4: Managing in a Global Environment

The Global Financial Crisis of 2008 originated with ________.

The General Agreement on Tariffs and Trade (GATT)was signed in 1992 to create the EU.

A country with ________ is comfortable with risks and is tolerant toward different behaviour and opinions.

Both IMF and the World Bank provide temporary loans to maintain financial stability in member countries.

As a manager at a growing Canadian company, Samantha has been asked to develop a strategy to expand the company's operations into the European market. Although the company president has provided some basic guidelines about acceptable levels of risk and investment, there are still many factors in the legal-political, economic, and cultural environments that Samantha must take into consideration in her proposal. -Samantha is considering whether her company should open a subsidiary in Germany or Italy.She is wondering which country's culture would be better suited to her company,since research indicates that ________.

When Montreal-based Bell Canada contracted with Sitel India and two other Indian companies to provide technical support to Canadian customers,they were using which international strategy?

Which of the following types of multinational corporations reflect the geocentric attitude?

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 on business and vacations, he has never lived abroad, and he wonders what cultural differences he would find. He is considering applying for a new foreign-based position, but he first wants to learn about some of the basic differences between managing in Canada and managing in a foreign country. John researched the topic of international management and found many helpful facts about various countries and their people. But perhaps the most interesting model he found was the GLOBE framework for assessing cultural differences. Using data from thousands of managers in 62 countries, the GLOBE research team identified several dimensions on which national cultures differ. As John reviewed the GLOBE rankings, he began to appreciate why managers on foreign assignments need to be incredibly sensitive to cultural differences! -John is a high achiever who has a "can-do" attitude and believes in taking initiative.As a manager,he focuses extensively on performance improvement and he rewards excellence.If John wants to transfer to a country with a similar performance orientation,he should choose ________.

Managers who exhibit behaviour and knowledge of managing in different cross-cultural situations are showing ________.

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

Three economic issues that a global manager might need to understand include ________.

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! -In response to the politicians' comments about NAFTA,you will point out that many economists would ________.

Titles,rank,and status are highly respected in high power distance societies.

Montreal-based Bombardier manufactures aircraft and rail transportation equipment.They employ more than 60,000 workers in production facilities on five continents.All major management decisions continue to be made in their world headquarters in Canada.Bombardier is best described as a ________ corporation.

People in societies that are high in ________ tend to look after their own interests and those of their immediate family.

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. -If Jeff's company decided to open another company in Taiwan but manage it from its headquarters in Canada,it would be considered a ________.

World Bank promotes long-term economic development and poverty reduction by providing financial support for member countries.

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. -As their international operations grew,Jennifer and James decided to decentralize management and hire foreign nationals to run the business in their local countries.Their firm has developed into a ________.

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! -As a starting point you explain that the European Union covers a population base consisting of 7 percent of the world population.It currently has ________ member countries.

A(n)________ is a specific type of strategic alliance in which the partners form a separate,independent organization for some business purpose.