Exam 8: Developing Global Leaders

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How are U.S. companies changing in their attitudes toward global experience?

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What organizational processes are most likely to maximize a firm's global potential? Briefly outline a strategy that would improve the global potential of a hypothetical company of your choice.

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The organizational processes that are most likely to maximize a firm's global potential include strategic planning, market research, cultural understanding, and effective communication.

To improve the global potential of a hypothetical company, let's take the example of a technology company. The company can start by conducting thorough market research to identify potential markets and understand the needs and preferences of customers in different regions. This will help the company tailor its products and services to meet the specific demands of each market.

Next, the company should focus on developing a strong global strategy that takes into account cultural differences and local business practices. This may involve hiring local talent, establishing partnerships with local businesses, and adapting marketing and sales strategies to fit the cultural context of each market.

Effective communication is also crucial for maximizing global potential. The company should invest in language training for its employees and ensure that communication channels are open and effective across different regions.

Overall, by implementing these organizational processes and strategies, the hypothetical technology company can improve its global potential and expand its presence in international markets.

Why does the process of sending managers abroad not automatically lead to a stronger company?

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The bar is high for firms, individuals, and teams to achieve a __________ orientation.

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Studies show a correlation between language skills and __________ adjustment, but not between language skills and __________ adjustment.

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What test includes the dimensions of cultural empathy, emotional stability, and flexibility to assess potential expatriates?

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An expatriate charged with the role of socialization and knowledge transfer across organizational units can be described as a __________.

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Which of these is a major factor in expatriate failure?

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Which of the following benefits for expatriate employees is often found to be lacking?

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__________ oriented corporations operate within an area involving more than one nation, focus on regional objectives, and exhibit limited multicultural heterogeneity.

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Which of the following components should be included in any pedagogicallysound cross-cultural training program?

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Short-term assignments are typically defined as less than __________ in length.

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John and Jane Doe have relocated to their new home in Mexico City, and have begun forming a friendship with their neighbor Ana Hernández. To which stakeholder group influencing expatriates does Ana belong?

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Which of the following is a cost to the company of early repatriation?

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What is the most common selection criteria used by U.S. firms when choosing an employee for an overseas assignment?

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Samsung's program of sending employees to immerse themselves in a Western culture is based on the anthropological principle of __________.

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Which of the following competencies is proposed to provide the professional confidence needed for the challenges of global work?

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What is one benefit to reducing the use of expatriates?

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Consider this quote from Jack Welsh, former head of General Electric: "The Jack Welsh of the future cannot be like me. I've spent my entire career in the United States. The next head of GE will be somebody who has spent time in Bombay, in Hong Kong, in Buenos Aires." Do you believe that this statement is representative of the more general changes in the business world, or is it specific to GE? Why?

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Where does the repatriation process often fall short? Describe specific challenges associate with repatriation after a foreign assignment, and ways in which the corporation could better assist their employee with this process.

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