Exam 4: Managing in a Global Environment

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

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

According to the GLOBE rankings presented in our textbook,Germany,Spain,and France all rank low on which cultural dimension?

Licensing is primarily used by service organizations and franchising is primarily used by manufacturing organizations.

The European Expansion (Scenario) 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 exporting to Spain and Portugal.Overall,this is the ________ way to expand product sales into foreign markets.

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

Political interference is no longer an issue in global business as governments agree that it would hinder growth of trade agreements.

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

Multidomestic corporations ________.

According to the GLOBE rankings,Canada is considered high on future orientation.

Joint ventures are a type of ________.

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

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?

The European Expansion (Scenario) 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.

Understanding Cultural Differences - GLOBE (Scenario) 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 also found out that in some countries,such as Russia,Spain,and Thailand,titles and rank are emphasized and often used to distinguish those with status from those without it.According to GLOBE research,these countries all rank high on ________.

Understanding Hofstede's Cultural Dimensions (Scenario) 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?

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

A Speech on Trade Alliances (Scenario) 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 ________.

People in societies with ________ tend to be more comfortable with risks and more tolerant of different opinions.

The Global Financial Crisis of 2008 originated with ________.