Exam 3: Managing in a Global Environment

Adam has been hired by an organization that has a partnership with a foreign company. Both the partners share resources and knowledge while developing new products. Adam's organization has formed a(n) ________.

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! -Before you conclude your speech, you intend to explain how the WTO operates as __________.

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 establishing a subsidiary in Germany. Overall, this is the __________ international expansion strategy.

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. -As their international operations grew, Jennifer and James decided to decentralize management and hire foreign nationals to run the business in their local countries. Their firm has developed into a __________.

OECD is currently working on combating small-scale bribery in overseas commerce.

When an organization drops its structure based on countries and reorganizes according to industries, it is most likely pursuing a multinational strategy known as ________.

__________ is a cultural measure of the degree to which people tolerate risk and unconventional behaviour.

Which of the following is an MNC that tailors marketing strategies to the host country's unique characteristics?

McCain Foods of New Brunswick, Canada, is the world's largest producer of frozen french fries. They have manufacturing operations on six continents and employ more than 20,000 people worldwide. They hire the best people from around the globe and have a world-oriented business philosophy. McCain's global perspective is best described as __________.

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 decides to apply for a position in the United States, which, like Canada, is considered high on the dimension of __________ and low on __________.

The cultural dimension of __________ measures the degree to which a society relies on social norms and procedures to alleviate the unpredictability of future events.