Exam 5: Navigating the Global Environment

Describe aspects of the U.S.cultural environment that foreign managers would find challenging.

Match the following.You may use a response once,more than once,or not at all. -People in the U.S. ,U.K. ,and Canada tend to be individualistic

Japanese firms give managers of their foreign operations relatively great responsibility.As a result,top executives frequently travel to the foreign operations.

____ economies are recognizable by their tendency to allow market forces to determine business strategies and to have private ownership of property.

A developing country in South America offers your firm a construction subsidy if you build your new plant there.This is an example of

Match the following.You may use a response once,more than once,or not at all. -Collectivism

Which of the following is a potential disadvantage associated with an import/export operation?

A regional currency crisis slowed growth in the late 1990s in the market system of ____________________.

Special Exercises The German working environment is similar to the U.S.working environment.Nevertheless,U.S.managers working in Germany have to adapt.Navigating laws and customs can be challenging.For instance,traditional houses in Germany have been large,well-constructed buildings.They are expensive to build,but last for generations.They usually have three generations living under the same roof.This information has far-reaching implications for foreign managers working in Germany.Match the statement with the type of environmental challenge for international managers it describes. -German families are paid monthly by the government for each child,yet the birthrate remains low.

Special Exercises Brazil is the host of the 2016 Summer Olympics.The following statements describe current conditions in Brazil.Many companies see the event as a business opportunity.Match the statement with the type of environmental challenge for international managers it describes. -Civil law concepts prevail over common law practices.

eBay is based in San Jose.Buyers and sellers on the site are located around the world.eBay is a(n)____ business.

A disadvantage of importing/exporting is

What trends are developing in international business?

Germany is a mature market economy.One major problem GE expected to face when it began operating in Germany was

A manager concerned with time zone differences is worried about

The challenge with high-potential/high-growth economies is that they can be high risk.Describe the risks MNCs face entering these economies.

____ is the form of international business involvement in which two or more firms have an equity position in an operation.

One of the primary challenges facing those who would like to enter a high-potential/high-growth economy is

Which of the following is a problem associated with the implementation of a direct investment strategy?

High-potential/high-growth economies have been relatively underdeveloped and immature and,until recently,were characterized by weak industry,weak currency,and relatively wealthy consumers.