Exam 6: Managing in the Global Environment

Describe the dimensions of uncertainty avoidance developed by Hofstede.Would you prefer to live in a society that is low on uncertainty avoidance, or would you want to live in a society that is high on uncertainty avoidance? Explain why.

The basic building blocks of national culture are

Shannon works for an e-commerce company.Her manager asked her to update the company's global website.To improve the company's global presence, the most important element Ella should focus on is

According to Hofstede, individualist societies

Define each of the four principal forms of capital that flow between countries.Explain why companies are so anxious to undertake a risk in an uncertain global environment.

_____ are organizations that help other organizations sell their goods or services directly to customers.

What benefits does the global environment offer organizations?

Which of the following statements supports the fact that Toy Track operates in a task environment with a low barrier to entry?

Opportunities and threats that result from changes in the task environment are easier to identify and respond to than events in the general environment.

Nations forming political unions that allow free exchange of resources and capital is an example of the political and legal forces in the environment.

Amethyst, an Italian house of high fashion, designs and creates luxury items like jewelry and hair accessories.It sells its merchandise only through Fiesta, a multinational retail store.Fiesta acts as Amethyst's

The more difficult it is to enter the task environment

Which of the following statements supports the fact that Candlewick Inc.operates in a task environment with a high barrier to entry?

Leo wants to improve the costs for his business, so he chooses to buy inputs in bulk and manufacture products in larger quantities.This is an example of

Which of the following is an advantage of the establishment of free-trade agreements?

What is the global environment? Briefly explain its impact on managers and their organizations.

Unlike previous generations, salespeople today can work from home offices, communicate with colleagues in different parts of the world almost instantly, and commute electronically to work.This flexibility is due to changes in

Lobo belongs to a society which values the subordination of the individual to the group and discourages individual expressions of thought.Inequality in the power and well-being of people is believed to be due to differences in their physical and intellectual capabilities, and heritage.According to Hofstede's model of national culture, Lobo's society is

Which of the following, according to Hofstede, is characteristic of societies with high power distance?

_____ capital flows through the processes of overseas investment, credit, lending, and aid.