An organized strategy for entering a foreign market.
An entry strategy in which the organization maintains its production facilities within its home country and transfers its products for sale in foreign countries.
the barter of products for other products rather than their sale for currency
Engaging in the international division of labor so as to obtain the cheapest sources of labor and supplies regardless of country; also called global sourcing
The management of business operations conducted in more than one country
A company's risk of loss of assets, earning power, or managerial control due to politically based events or actions by host governments
events such as riots, revolutions, or government upheavals that affect the operations of an international company
The degree to which people accept inequality in power among institutions, organizations, and people
A value characterized by people's intolerance for uncertainty and ambiguity and resulting support for beliefs that promise certainty and conformity
A preference for a loosely knit social framework in which individuals are expected to take care of themselves
a preference for a tightly knit social framework in which individuals look after one another, and organizations protect their members' interests
A greater concern for the future and high value on thrift and perseverance
A concern with the past and present and a high value on meeting social obligations
a culture in which communication is used to enhance personal relationships
A culture in which communication is used to exchange facts and information.
A cultural attitude marked by the tendency to regard one's own culture as superior to others
TA single European currency that has replaced the currencies of 15 European nations
Cultural Intelligence (CQ)
a person's ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses
employees who live and work in a country other than their own