Exam 4: Managing in a Global Environment

Borderless organizations ________.

Sasha has lived in Toronto her entire life and works at the head office of a large multinational corporation. She has recently become aware of several job openings for management in a number of the company's foreign subsidiaries. As she ponders the prospect of an overseas assignment, she reviews the research of Geert Hofstede to try to understand the cultural differences she would be faced with in each of the foreign subsidiaries. -One of the countries that Sasha is considering is Japan,where people look to the future and value thrift and persistence.Japan is considered high on which of the following dimensions?

OECD is currently working on combating small-scale bribery in overseas commerce.

________ is a national culture attribute that reflects the emphasis placed upon relationships and concern for others.

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. -Jennifer and James decide to allow a company in Hong Kong to use the rights to their software,its brand name,and product specifications in return for a fee based on sales.This agreement best illustrates which of the following international expansion strategies?

The polycentric attitude is a world-oriented view that focuses on using the best approaches and people from around the globe.

In a short essay,explain the origins,roles and goals of the World Trade Organization (WTO),the International Monetary Fund (IMF),and the World Bank Group in global business.Provide specific examples for each organization's involvement.

________ is a national culture attribute describing the extent to which societal values are characterized by assertiveness and materialism.

By eliminating artificial geographical barriers,the transnational corporation reflects an ethnocentric attitude.

Sasha has lived in Toronto her entire life and works at the head office of a large multinational corporation. She has recently become aware of several job openings for management in a number of the company's foreign subsidiaries. As she ponders the prospect of an overseas assignment, she reviews the research of Geert Hofstede to try to understand the cultural differences she would be faced with in each of the foreign subsidiaries. -There is also a job opening in Greece,where people show a great deal of respect for those in authority and feel threatened by differing opinions and ambiguous situations.Greece is considered high on which of the following two dimensions?

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! -To help explain the main advantages of regional trade alliances,you will point out that EU member countries now have ________.

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. -As part of the expansion plan,Samantha will recommend establishing a subsidiary in Germany.Overall,this is the ________ international expansion strategy.

Which of the following is a key drawback of the geocentric attitude?

Managers with a(n)________ attitude view every foreign operation as different and hard to understand.

A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities would be called a ________.

A command economy is one in which resources are primarily owned and controlled by the private sector.

Sasha has lived in Toronto her entire life and works at the head office of a large multinational corporation. She has recently become aware of several job openings for management in a number of the company's foreign subsidiaries. As she ponders the prospect of an overseas assignment, she reviews the research of Geert Hofstede to try to understand the cultural differences she would be faced with in each of the foreign subsidiaries. -Sasha notices that there is a job opening in Venezuela,where people prefer to act as members of groups and expect others in the group to protect them.Venezuela is considered low on which of the following dimensions?

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. -All five Asian countries that Jeff will be visiting ranked very high on which one of Hofstede's cultural dimensions?

According to the GLOBE rankings,Germany and France are both considered low on the dimension of humane orientation.

A(n)________ attitude is the view that employees in the host country know the best practices for running their operations.