Exam 3: Managing in a Global Environment

Refer to the scenario below to answer the following questions. 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 is considering whether her company should open a subsidiary in Germany or Italy. She is wondering which country's culture would be better suited to her company, since research indicates that __________.

Political interference is no longer an issue in global business as governments agree that it would hinder growth of trade agreements.

Solidarity in the European Union is being undermined by protectionist pressures in some member countries.

Refer to the scenario below to answer the following questions. 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 decides to open a completely new operation in China, tailoring the company to local customs and marketing strategies and hiring local managers, they would be considered a __________.

According to the GLOBE rankings presented in our textbook, the United States, Taiwan, and New Zealand all rank high on which cultural dimension?

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

A country that is assertive, believes in acquiring money and goods, and is competitive in nature is said to ________.

__________ attitude toward managing focuses on using the best approaches and people from around the globe.

Refer to the scenario below to answer the following questions. 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 __________.

Three economic issues that a global manager might need to understand include __________.

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

describe the different approaches that a company may use when it decides to go international. Provide specific examples for each.

Part of OECD's mission is to help raise the standard of living in member countries.

Joint ventures are a type of ________.

Canada's economy is best described as __________.

Which of the following is a key drawback of the ethnocentric attitude?

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.

The ________ decentralizes its management and other decisions to the local country.

McDonald's Canada, GM Canada, and IBM Canada are all examples of U.S. __________ operating in Canada.