Exam 4: Managing in a Global Environment

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

Define parochialism.Discuss why parochialism is a problem for U.S.managers and discuss reasons why it is important to overcome parochialism in today's business environment.

Natalya operates a retail store in Romania.She buys consumer electronics from vendors in China and Japan to sell in her store.Natalya is engaging in ________,

What is the purpose of the WTO? Give an example of the type of issue that might come before this organization.

What is the World Bank Group and what does it do?

A global company reflects the ________.

In Malbadia,a central committee formed by the political powers decides what products and how many of each will be produced.This situation is typical of ________.

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

The World Trade Organization was formed in the year ________.

One section of Jose's company's business plan involves setting up a foreign subsidiary.This arrangement involves ________.

The GLOBE framework for assessing cultures is similar to Hofstede's framework,but measures fewer dimensions.

If Shana's company decides to open another company in France but centralizes its management in the United States,it would be considered a ________.

Managers with a polycentric attitude tend to view every foreign operation as different and hard to understand.

Marco works for a multinational corporation as a plant manager but must receive approval from the home office for any management changes to production processes.Marco most likely works for ________.

Heinrich,a purchaser for an optics company in Germany,must place an order for materials for use in its production process.He is most likely to order from ________.

Jack moved to China to manage his company's production facility there.Immediately he instituted the company practice of recognizing an employee of the month.The Chinese employees were horrified.Why might this be so?

The International Monetary Fund is an organization that ________.

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 ________.

Only when a country's political/legal environment is unstable or revolutionary is it of concern to managers.

The United States is an example of a country with low power distance.