Exam 4: Managing in a Global Environment

NAFTA agreement has increased Canada's exports to Mexico fourfold.

McCain Foods of New Brunswick,Canada,is the world's largest producer of frozen french fries.They have manufacturing operations on six continents and employ more than 20,000 people worldwide.They hire the best people from around the globe and have a world-oriented business philosophy.McCain's global perspective is best described as ________.

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

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.

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

Setting up a foreign subsidiary involves a higher degree of risk and commitment than franchising.

With its focus on control from the home country,the global company reflects a polycentric attitude.

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 was surprised to learn that GLOBE was an acronym for ________.

The European Single Market is ________.

First Business Trip to Asia (Scenario) 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 ________.

Which international expansion strategy did McDonald's Canada use when it opened restaurants in Russia?

A(n)________ attitude is characterized by parochialism.

Which of the following is the basic difference between multidomestic corporations and global companies?

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! -In reviewing the GLOBE rankings,John examined the cultural similarities between Canada and various other countries.He was surprised to find that Canada,Denmark,and Netherlands all ranked high on ________.

In a short essay,discuss global management challenges of openness,and multicultural workforce which requires cultural intelligence.Discuss how these affect management decisions.Provide examples for each.

A manager who wishes to be successful in international business should avoid a(n)________ attitude.

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

According to the GLOBE rankings presented in our textbook,Canada,Denmark,and Netherlands all rank high on which cultural dimension?

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. -Samantha begins to explore expansion opportunities in England and France because of language similarities with the Canadian market and also because her Canadian managers are used to legal and political systems that are ________.

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