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Management ch. 4 Terms
Terms in this set (29)
The extent to which trade investment, information, ideas, and political cooperation flow between countries.
The ability to appreciate and influence individuals, groups, organizations, and systems that represent different social, cultural, political, institutional, intellectual, and psychological characteristics.
An organization that receives more than 25 % of its total sales revenues from operations outside the parent company's home country and has a number of distinctive managerial characteristics.
Bottom of the Pyramid (BOP) Concept
Proposes that corporations can reduce poverty and other social ills, as well as make significant profits, by selling to the world's poor.
Market Entry strategies
A tactic that managers use to enter foreign markets.
A strategy where a company in one country makes certain resources available to companies in other countries to participate in the production and sale of its products abroad.
- A form of licensing in which a company provides its foreign franchises with a complete package of materials and services.
An arrangement by which the owner of a product or service allows others to purchase the right to distribute a product or service with the help from the owner.
A market entry strategy in which the organization is directly involved in managing its production facilities in a foreign country.
A strategic alliance or program by two or more organizations.
Wholly Owned Foreign Affiliate
A foreign subsidiary (branch) over which an organization has complete control.
An investment in which a company builds a subsidiary (branch) from scratch in a foreign country.
Managing business operations in more than one country.
Progress in an economy, including the degree to which a country has adopted new technology to drive productivity and economic growth.
A country's physical facilities, such as highways, utilities, and airports, that support economic activities.
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 a riots, revolutions, or government upheavals that can affect the operations of an internal company.
The natural tendency among people to regard their own culture as superior to others.
The degree to which people ACCEPT inequality in POWER among institutions, organizations, and people.
Characterized by people's intolerance for uncertainty and ambiguity and resulting support for beliefs that promise certainty and conformity. (Do they take risk?)
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 cultural preference for achievement, heroism, assertiveness, work centrality, and material success.
A cultural preference for relationships, cooperation, group decision making, and quality of life.
Reflects a greater concern for the future and a high value on thrift and perseverance.
Reflects a concern with the past and present and a high value on meeting current obligations.
A culture in which people use communication to build personal relationships.
A culture where people use communication primarily to exchange facts and information.
The ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses.
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