Exam 6: International Management
Briefly explain the impact of NAFTA.
Student answers will vary but should demonstrate knowledge of how NAFTA has affected its member countries.The North American Free Trade Agreement (NAFTA)combined the economies of the United States,Canada,and Mexico into the world's largest trading bloc with nearly 444 million U.S. ,Canadian,and Mexican consumers and total trade reaching $1.1 trillion.Although the United States has a long-standing agreement with Canada,Mexico quickly after NAFTA became the United States's third-largest trading partner.U.S.industries that have benefited include capital goods suppliers,manufacturers of consumer durables,grain producers and distributors,construction equipment manufacturers,the auto industry,and the financial industry,which gained privileged access into a previously protected market.
Which of the following core values do most people embrace despite differences across cultures and regardless of nationality or religion?
C
Which of the following factors would increase the pressure for local responsiveness?
A
The disorientation and stress associated with being in a foreign environment is termed
Keiko,an executive recruiter at multinational corporation Magellan Industries,is interviewing candidates to head up the company's new manufacturing division in Seoul.The selected candidate will be expected to move to Seoul for two years.Niko,who majored in International Management,is 24,single,and has been with the company for five years.He can be loud and over-confident,but is smart and open to feedback.Vashti is 29 and is married to Brian,a Korean-American manager in a different division of Magellan.She has been with the company less than a year.Qasim is 38,has been with the company for 11 years,and his wife owns a successful small business in their town.Keiko needs to narrow the list down to two.Who should she eliminate,based on the factors that lead to failure in overseas assignments?
The organizational model that enables managers to "think globally but act locally" is the
Research suggests that regardless of nationality or religion,most people embrace a set of five core values.Which of the following is one of the five core values?
Nurul is a native of Malaysia where Regal Menswear is building its new plant.If Nurul goes to work at Regal's factory,she will be considered a(n)
Explain the consequences of the increasing integration of the global economy.
Which of the following is a reason why some companies prefer to use expatriates at their overseas operations?
Scenario D: Nicola has been sent to Urlandia for a one-month project.While at work,Nicola's Urlandian co-workers talk about getting their nails done and how they went dancing over the weekend,which Nicola disapproved of.To Nicola,their behavior seemed inappropriate and wrong.She also found it difficult to adapt to the new environment and to eat with a spoon and knife at lunch,which was customary in Urlandia,rather than with the spear-like utensils of her home country.
-Nicola is exhibiting ________ by expressing her disapproval of her Urlandian co-workers' conversations.
The practice followed by some companies of moving jobs to another country is called
LEAP Communications Technology has subsidiaries in each country in which it does business.As the parent company,LEAP runs its research and development department from its home country.As a result,each foreign subsidiary remains dependent on it for new products,processes,and ideas.This illustrates the ________ model for global strategy.
What are the pros and cons of using expatriates,host-country nationals,and third-country nationals to run overseas operations? If an individual wants to expand his or her business,what approach should he or she use?
Pantera Motorcycles moved some of its manufacturing operations to another country where wages are lower.This is an example of which of the following?
Scenario C: Nora is from Grand Fenwick and has just accepted her first international assignment in Auroria.On her first day in the office,she met several new colleagues.Dev is the manager of the office and is a citizen of Auroria;he has been with the company for five years.Eiji is from Japan and has also just come to Auroria to work for the company,which is based in Grand Fenwick.
-In Scenario C,Eiji can be best described as a(n)
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