Exam 3: Managing in a Global Environment

Licensing and franchising are similar approaches involving one organization giving another organization the right to use its brand name, technology, or product specifications in return for a lump sum payment or a fee usually based on sales.

Borderless organizations approach global business with a(n) __________ attitude.

Refer to the scenario below to answer the following questions. A Speech on Trade Alliances (Scenario) As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on global trade. The presentation should include an overview of the world's major trade alliances and mechanisms that promote global trade. The Chamber president has also asked you to comment on a recent quote by a local politician, who stated: "NAFTA has been a bad deal for Canada and it continues to weaken our economy." As you review your notes, you wonder how you will fit all the information into the allotted half-hour presentation time! -You decide to start the speech by explaining how the Maastricht Treaty reshaped global competition by creating the __________.

Member countries of the EU have unanimously chosen to adopt the euro as their official currency.

A potential advantage of the polycentric attitude is __________.

When Montreal-based Bell Canada contracted with Sitel India and two other Indian companies to provide technical support to Canadian customers, they were using which international strategy?

According to the GLOBE rankings, the United States is considered low on the dimensions of assertiveness and performance orientation.

________ attitude is the view that employees in the host country know the best practices for running their operations.

According to the GLOBE rankings presented in our textbook, Germany, Spain, and France all rank low on which cultural dimension?

Managers with a(n) ________ attitude view every foreign operation as different and hard to understand.

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. -As part of the expansion plan, Samantha will recommend exporting to Spain and Portugal. Overall, this is the __________ way to expand product sales into foreign markets.

Refer to the scenario below to answer the following questions. Understanding Hofstede's Cultural Dimensions (Scenario) Sasha has lived in Toronto her entire life and works at the head office of a large multinational corporation. She has recently become aware of several job openings for management in a number of the company's foreign subsidiaries. As she ponders the prospect of an overseas assignment, she reviews the research of Geert Hofstede to try to understand the cultural differences she would be faced with in each of the foreign subsidiaries. -There is also a job opening in Greece, where people show a great deal of respect for those in authority and feel threatened by differing opinions and ambiguous situations. Greece is considered high on which of the following two dimensions?

Both IMF and the World Bank provide temporary loans to maintain financial stability in member countries.

Refer to the scenario below to answer the following questions. Understanding Hofstede's Cultural Dimensions (Scenario) Sasha has lived in Toronto her entire life and works at the head office of a large multinational corporation. She has recently become aware of several job openings for management in a number of the company's foreign subsidiaries. As she ponders the prospect of an overseas assignment, she reviews the research of Geert Hofstede to try to understand the cultural differences she would be faced with in each of the foreign subsidiaries. -Sasha notices that there is a job opening in Venezuela, where people prefer to act as members of groups and expect others in the group to protect them. Venezuela is considered low on which of the following dimensions?

People in societies with __________ tend to be more comfortable with risks and more tolerant of different opinions.

BRICS is a trading alliance between 10 Southeast Asian nations.

Refer to the scenario below to answer the following questions. Understanding Hofstede's Cultural Dimensions (Scenario) Sasha has lived in Toronto her entire life and works at the head office of a large multinational corporation. She has recently become aware of several job openings for management in a number of the company's foreign subsidiaries. As she ponders the prospect of an overseas assignment, she reviews the research of Geert Hofstede to try to understand the cultural differences she would be faced with in each of the foreign subsidiaries. -Sasha is also considering Sweden, where people emphasize relationships and concern for others. Sweden is considered high on which of the following dimensions?

Refer to the scenario below to answer the following questions. A Speech on Trade Alliances (Scenario) As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on global trade. The presentation should include an overview of the world's major trade alliances and mechanisms that promote global trade. The Chamber president has also asked you to comment on a recent quote by a local politician, who stated: "NAFTA has been a bad deal for Canada and it continues to weaken our economy." As you review your notes, you wonder how you will fit all the information into the allotted half-hour presentation time! -In response to the politician's comments about NAFTA, you will point out that many economists would __________.

Refer to the scenario below to answer the following questions. International Entrepreneurs (Scenario) Jennifer and James have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, but in looking for opportunities in the future, they decide to explore international operations. -Jennifer and James decide to allow a company in Hong Kong to use the rights to their software, its brand name, and product specifications in return for a fee based on sales. This agreement best illustrates which of the following international expansion strategies?

Which of the following international strategies involves the highest level of risk and investment?