Exam 4: Global Management: Managing Across Borders

The Johnson family in Ohio approached Top Builders, an American construction company specializing in new homes, to build their new home. To complete its jobs, Top Builders likes to support small, locally owned American companies that specialize in high-quality products. The use by Top Builders of suppliers outside its company to provide goods and services is known as global outsourcing.

NAFTA is a trading bloc consisting of the United States, Canada, Panama, and Mexico.

Jamil, who is a successful salesperson, is interested in working for an organization that supports its employees and offers a compensation package based on performance improvement and excellence. This describes an organization that, according to the GLOBE project, is high in performance orientation.

Canada is the top nation the United States exports to, and Mexico is the country it imports the most from.

Don, a Texan, is a geologist employed with an oil drilling company who lives and works in Iran. Don is an example of a global-patriot.

Describe the five benefits for companies of expanding internationally. Give an example of each benefit.

ABC Investments has been advising customers financially since 1902. In 1989, ABC was able to open an office in Berlin, after the Berlin Wall came down. Later, ABC opened several offices in Asia when several Asian countries opened their economies to foreign investors, then as governments began to deregulate their economies, ABC was able to allow their global customers to move their money freely around the world. ABC Investment's experience is evidence of the three historic global changes which Rosabeth Moss Kantor of the Harvard Business School spoke of.

Amy, the CEO of a large manufacturing organization, knows that many of her competitors have closed their American factories to utilize production facilities in Mexico because labor is cheaper there and they receive special privileges in return for employing Mexican citizens. However, Amy refuses to shift her operations down south, believing that it is important to keep jobs in the U.S., despite the cost savings. These manufacturing plants that are allowed to operate in Mexico, with special privileges in return for employing Mexican citizens, are known as internationldoras.

Free trade is the ____.

Ethnocentric managers believe that their native country, culture, language, and behavior _____.

ASEAN is a(n) _____.

When communicating across cultures, the best option regarding language use is _____.

According to the watchdog group Public Citizen, NAFTA is responsible for ____.

The city of Cincinnati, California, is an industrial town known for its production of high-quality computers, which it exports to customers globally. In addition, the management of an automobile manufacturing plant in Cincinnati, which employs over 2,000 employees, is considering closing and moving its operations to Mexico to save money. Discuss the positive and negative effects of the global economy on Cincinnati, California, and other communities in America.

Like other international companies, Jane is interested in expanding her candle business globally primarily to ___.

Technology philosopher Nicholas Negroponte proposed that the global market driven by electronic information "_____."

The United States granted to China most favored nation trading status, which ____.

The process whereby managers are able to utilize Microsoft Excel to improve the record-keeping related to marketing their products and services is known as e-commerce.

The availability of goods, people, and money to be able to move more freely worldwide is known as the flexible economy.

A group of 21 Pacific Rim countries whose purpose is to improve economic and political ties is known as the ____.