Exam 4: Managing in a Global Environment

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 a ________.

American business students may be at a disadvantage because ________.

Explain why countries would choose to participate in a regional trading alliance.

For American company Leather Exporters, first quarter sales in Italy were higher compared to the preceding year but profits were down. What could account for this difference?

List and discuss the three attitudes managers might have toward international business.

The purpose of the OECD is ________.

A global mind-set refers to attributes that allow a leader to be effective in cross-cultural environments.

Outsiders would call them clannish. Ianos and his family are very close. At work, he gives his all to the team. His neighbors support each other but exclude people they do not know. This describes a culture that is ________.

One of the more recent trade alliances, which came into existence in 2002, is the ________ made up of 54 nations.

As the international operations of their firm continues to grow, Theodore and James have realized that decentralized management using foreign nationals to run operations in the host countries works best. Their firm has developed into a ________ organization.

Managers with an ethnocentric attitude do not trust foreign employees with key decisions or technology.

The process of exporting involves acquiring products made abroad and selling them domestically.

What is the International Monetary Fund? What does it do?

The hero is always a loner, riding off into the sunset. Employers expect key employees to make critical decisions alone; rewards are given to individuals, not to teams. This describes a culture that is ________.

Caron admits she's a tough cookie. She thrives in an environment in which employees compete against each other for big rewards. It is likely that Caron's culture ________.

Mexico is an example of a collectivistic nation.

The North American Free Trade Agreement includes ________.

Melanie joined an international student association in order to better understand the views of students from other countries. She is trying to become more ________ in her attitude.

Which of the following is a multinational corporation that tailors marketing strategies to the host country's unique characteristics?

Explain the differences between a multidomestic corporation, a global company, and a borderless organization. Include examples of companies for each of the types of organizations discussed.