Exam 4: Global Management: Managing Across Borders

Pat is concerned about better knowing the cultural tendencies of her business partners and competitors in Europe and Asia. Pat would be interested in knowing this information because according to the GLOBE project, this can give her a strategic competitive advantage.

Ethnocentrism is also known as _____.

Mexican manufacturing plants with low labor costs and special privileges given to their American owners in return for employing Mexican citizens are known as ____.

People of different cultures have different ideas about what is acceptable interpersonal space and can carry a sexual connotation, such as men holding hands may raise eyebrows in the Middle East.

To help American companies, the U.S. government utilizes import quotas, which encourage foreign countries to increase the number of goods exported to the United States.

Technology Experts is a U.S. company that specializes in IT research. It has formed a joint venture with Processor Inc., a Canadian organization that has a reputation of producing quality PCs, to market laptops in China, sharing the risks and rewards of starting the new enterprise together. This is an example of a(n) ___.

Employers have found that there is agreement among most religions of the world as to what is the most important work-related value.

While traveling in France, Jim and his wife, both Americans, were concerned about how much they can afford to spend in Europe because sometimes the U.S. dollar will buy more goods and sometimes it will buy less, based on changing economic conditions. This change in the values of currencies and how they fluctuate in relation to each other is known as the ____ rate.

Define joint venture and give an example.

A condition in which a country grants other countries favorable trading treatment, such as the reduction of import duties, is known as a "most favored nation" trading status.

A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced here more competitive is a(n) ______; a tax on all oil imported into the United States, which is implemented to raise money for the American government, is known as a(n) ____.

A nonprofit organization with operations in several states is a multinational organization.

A small but groundbreaking committee, headed by Al Gore, that theorized global warming was known as the GLOBE project.

George, a regional manager for a global corporation, is meeting with several upset managers from the Rome plant about Steve, the Rome facility manager originally from Florida. Phillipe, the assistant manager, tells George "We all feel that Steve only sees things his way and very seldom considers our perspective on things." Steve's management style can be described as ____.

Contrast ethnocentric, polycentric, and geocentric managers.

Aiden, the purchasing manager for a company that produces high-end, quality medical equipment, is interested in meeting with the management of Diamond Cut, a production facility in the state that specializes in intensive research, precision assembly, and complex technology. Aiden's organization is less likely to offshore the manufacture of its products, and want to meet face-to-face with Diamond Cut because Diamond produces high-end products.

Paul McDonald, executive director of recruitment firm Robert Half Management Resources, said, "Anyone with international experience will have a leg up, higher salary, and be more marketable."

Monochronic time is a ___.

A negative effect of global economic interdependency is the movement, or outsourcing, of formerly well-paying jobs overseas as companies seek cheaper labor costs.

Dominique owns an international grocery store where customers can purchase products from other countries. Dominique's store is an example of a company that ____.