Terms in this set (27)
Because of low labor costs and language similarities, many the United States companies are finding India
as an attractive place to locate their facilities, particularly call centers
The host country
is the country in which an international business operates
Subsidiaries of multinational corporations are run as
A number of Pacific Rim and European countries have been conducting business on an international basis for much _______ than U.S. companies.
a domestic firm that builds on its existing capabilities to penetrate overseas markets. (Honda, General Electric, an Procter & Gamble are examples)
multinational corporation (MNC)
complex form that usually has fully autonomous units operating in multiple countries.
a multinational firm that maintains control of operations back in the home office.
attempts to achieve the local responsiveness of a MNC while also achieving the efficiencies of a global firm through the use of a network structure that coordinates specialized facilities positioned around the world.
Hiring local citizens is generally _____ costly than relocating expatriates.
One reason to employ host-country nationals is that
local governments want good jobs for their citizens
The financial crisis beginning in 2008 only made international business matters worse, as companies were even less likely to offer jobs to foreigners who might be seen as taking jobs from national citizens. A document issued by a government granting authority to a foreign individual to seek employment in that government's country is a ______ _______
Foreign workers invited to come to perform needed labor
he first step in selecting expatriates should be self-selection
where employees who volunteer to go abroad are given the chance to do so
The failure of expatriate assignments is most often due to ___ ___ ____ _____.
____ ______ ____ is a major reason why international job assignments fail.
lack of good training; Poor cultural fit
almost universally accepted as the primary language for international business
Pay plans in Japan
focus on seniority
A compensation method used to correct for the higher costs of goods and services overseas is
the balance-sheet approach
How many unions does China have?
Codetermination refers to
representation of labor on the board of directors of a company. This is a higher form of worker participation in management
In Japan, scratching your head is a sign of
The process of transition for an employee home from an international assignment
European managers, especially those in France, Germany, and Italy, tend to be more ______ in their decision-making style when compared with managers in the United States
Disorientation that causes perpetual stress in people who settle overseas for lengthy periods of time
A system whereby expatriates are given a portion of their pay in the local currency to cover their day-to-day expenses and a portion of their pay in their home currency to safeguard their
earnings from changes in inflation or foreign exchange rates
Adapting pay and other compensation benefits to match that of a particular country
In using the balance-sheet approach to compensating expatriate managers, the term "incentives" refers to
the concept of compensating the managers for separation from family and friends
n using the balance-sheet approach to compensating expatriate managers, the term "differentials" refers to
the concept of offsetting the higher costs of overseas goods, services, and housing