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Study sets matching "international management chapter 3"

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Study sets matching "international management chapter 3"

8 terms
international management chapter 3
Ethics
Corporate Social Responsibility (CSR)
Kantian philosophical traditions
Aristotelian virtue ethics
-Study of morality and standards of conduct.... -Dilemmas arisin…
-Involves the voluntary actions of a firm to benefit society…
Individuals have responsibilities based on a core set of mora…
Focus on core, individual behaviors and actions and how they…
Ethics
-Study of morality and standards of conduct.... -Dilemmas arisin…
Corporate Social Responsibility (CSR)
-Involves the voluntary actions of a firm to benefit society…
10 terms
International Management Chapter 3
Ethics
Corporate Social Responsibility (CSR)
Nongovernmental Organizations (NGOs)
Fair Trade
The study of morality and standards of conduct
The actions of a firms to benefit society beyond the requirem…
Private, non profit organizations that seek to serve society'…
An organization social movement and market based approach tha…
Ethics
The study of morality and standards of conduct
Corporate Social Responsibility (CSR)
The actions of a firms to benefit society beyond the requirem…
35 terms
International Management Chapter 3
1. A working knowledge of the cultural…
2. Which variable would be considered…
3. Which group of variables is most li…
4. Research has indicated that manager…
Cultural savvy
Education
National variables
Intercultural communication
1. A working knowledge of the cultural…
Cultural savvy
2. Which variable would be considered…
Education
25 terms
Chapter 3 International Management
Culture
Cultural quotient/cultural intelligence
Cultural sensitivity/empathy
cultural diffusion
a set of shared values, understandings, assumptions and goals…
a measure of how well a person can adapt and manage effective…
the awareness of and an honest caring about another individua…
globalization in all it's forms of personal and business cont…
Culture
a set of shared values, understandings, assumptions and goals…
Cultural quotient/cultural intelligence
a measure of how well a person can adapt and manage effective…
37 terms
International Financial Management Chapter 3
Foreign Exchange Market
Bretton Woods Agreement
Smithsonian Agreement
Floating Exchange Rate System
Allows for the exchange of one currency for another
An international agreement that called for fixed exchange rat…
The US Dollar was devalued relative to the other major curren…
The currencies of most countries have been allowed to fluctua…
Foreign Exchange Market
Allows for the exchange of one currency for another
Bretton Woods Agreement
An international agreement that called for fixed exchange rat…
15 terms
International Management Chapter 3
PESTEL model
industry
industry analysis
threat of entry
a framework that categorizes and analyzes an important set of…
a group of incumbent companies that face more or less the sam…
a method to 1) identify an industry's profit potential and 2)…
the risk that potential competitors will enter an industry
PESTEL model
a framework that categorizes and analyzes an important set of…
industry
a group of incumbent companies that face more or less the sam…
10 terms
International Management Chapter 3
Civil and commercial Law
Collectivism
Constitutional Law
Individualism
A body of rules that delineate private rights and remedies an…
Perspective that the needs of the group take precedence over…
Law that is created and changed by the people
An emphasis on the importance of guaranteeing individual free…
Civil and commercial Law
A body of rules that delineate private rights and remedies an…
Collectivism
Perspective that the needs of the group take precedence over…
18 terms
International Management: Chapter 3
Focal firm
Distribution channel intermediary
Facilitator
Freight forwarder
The initiator of an international business transaction, which…
A specialist firm that provides various logistics and marketi…
A firm or an individual with special expertise in banking, le…
A specialized logistics service provider that arranges intern…
Focal firm
The initiator of an international business transaction, which…
Distribution channel intermediary
A specialist firm that provides various logistics and marketi…
52 terms
International Management chapter 3
National context
Social institution
Economic system
Capitalist or market economy
National culture and social institutions that influence how m…
A complex of positions roles norms and values organizing rela…
System of beliefs concerning work property and wealth activit…
System where production is decentralized to private owners wh…
National context
National culture and social institutions that influence how m…
Social institution
A complex of positions roles norms and values organizing rela…
10 terms
International Management Chapter 3 Religion
religion
Monotheistic
Polytheistic
Judaism
the socially shared set of beliefs, ideas, and actions that r…
Believes that there is only one Supreme Being.... Primary religi…
Believes that there are multiple deities, each controlling a…
1. One of the oldest religions in the world, comprised of sev…
religion
the socially shared set of beliefs, ideas, and actions that r…
Monotheistic
Believes that there is only one Supreme Being.... Primary religi…
16 terms
International Finance Management Chapter 3
Balance of payments:
Balance of payments identity (BOPI):
Capital Account:
Current Account:
A country's record of international transactions presented in…
The BOPI equation indicates that a country can run a balance…
Balance of payment entry capturing all sales and purchases of…
Balance of payment entry representing the exports and imports…
Balance of payments:
A country's record of international transactions presented in…
Balance of payments identity (BOPI):
The BOPI equation indicates that a country can run a balance…
International Management Chapter 3
1. A working knowledge of the cultural…
2. Which variable would be considered…
3. Which group of variables is most li…
4. Research has indicated that manager…
Cultural savvy
Education
National variables
Intercultural communication
1. A working knowledge of the cultural…
Cultural savvy
2. Which variable would be considered…
Education
21 terms
International Management Midterm Chapter 3
Meanings of business environment
PEST analysis / Analysis of 4 factors…
Political factors:
Patent:
consists of all factors inside and outside the company, which…
o Political factors... o Economic factors... o Socio-cultural facto…
• Legal system: Rules on how a country's laws are enacted and…
Legal rights awarded by government authorities to inventors o…
Meanings of business environment
consists of all factors inside and outside the company, which…
PEST analysis / Analysis of 4 factors…
o Political factors... o Economic factors... o Socio-cultural facto…
33 terms
Chapter 3: International Management and Globalization
Globalization
Toyota
Country's institutional environment
economic development dimension
the flow of goods, services, capital, and knowledge across co…
Number one global company for automobiles
the country's rules, polices, and enforcement processes that…
countries vary in their level of economic development, econom…
Globalization
the flow of goods, services, capital, and knowledge across co…
Toyota
Number one global company for automobiles
20 terms
international management chapter 3-4
gross national income(gni)
purchasing power parity(ppp)
human development index(hdi)
innovation
per person measure the total annual income received by reside…
an adjustment in gross domestic product per capita to reflect…
an attempt by the UN to assess the impact of a number of fact…
development of new product, processes, organizations, managem…
gross national income(gni)
per person measure the total annual income received by reside…
purchasing power parity(ppp)
an adjustment in gross domestic product per capita to reflect…
29 terms
chapter 3: international management and globalization
institutional environment
the economic development institution
the political-legal institution
the physical infrastructure institution
the country's rules, policies, and enforcements that influenc…
contributes to better living
refers to political risks, regulations, and laws
facilitates business communications and the movement of goods
institutional environment
the country's rules, policies, and enforcements that influenc…
the economic development institution
contributes to better living
12 terms
International Management- Chapter 3 Culture
Environmental Influences include (5)
National variables
Sociocultural variables
Cultural variables
National variables, sociocultural variables, cultural variabl…
Economic system, physical situation, legal system, technologi…
religion, education, language
values, norms, beliefs
Environmental Influences include (5)
National variables, sociocultural variables, cultural variabl…
National variables
Economic system, physical situation, legal system, technologi…
International Financial Management: Chapter 3
Alternative Exchange Rate Systems
Free ("Clean") Float System
Managed ("Dirty") Float System
Target-Zone Arrangement (EMU)
1. Free ("Clean") Float... 2. Managed ("Dirty") Float... 3. Target-…
1. Free market exchange rates are determined by supply & dema…
1. Central bank intervention in order to reduce volatile chan…
1. Adjust national economic policies... 2. Maintain exchange rat…
Alternative Exchange Rate Systems
1. Free ("Clean") Float... 2. Managed ("Dirty") Float... 3. Target-…
Free ("Clean") Float System
1. Free market exchange rates are determined by supply & dema…
37 terms
International Financial Management Chapter 3
Foreign Exchange Market
Bretton Woods Agreement
Smithsonian Agreement
Floating Exchange Rate System
Allows for the exchange of one currency for another
An international agreement that called for fixed exchange rat…
The US Dollar was devalued relative to the other major curren…
The currencies of most countries have been allowed to fluctua…
Foreign Exchange Market
Allows for the exchange of one currency for another
Bretton Woods Agreement
An international agreement that called for fixed exchange rat…
37 terms
International Financial Management Chapter 3
Foreign Exchange Market
Bretton Woods Agreement
Smithsonian Agreement
Floating Exchange Rate System
Allows for the exchange of one currency for another
An international agreement that called for fixed exchange rat…
The US Dollar was devalued relative to the other major curren…
The currencies of most countries have been allowed to fluctua…
Foreign Exchange Market
Allows for the exchange of one currency for another
Bretton Woods Agreement
An international agreement that called for fixed exchange rat…
50 terms
International Management: Culture, Strategy, Behavior - Chapter 3
Which of the following views the indiv…
John Stuart Mill and Jeremy Bentham ar…
The study of morality and standards of…
All of the following statements about…
D. Eastern philosophy
C. Utilitarianism
D. Ethics
D. It is not related to the area of corporate social responsi…
Which of the following views the indiv…
D. Eastern philosophy
John Stuart Mill and Jeremy Bentham ar…
C. Utilitarianism
37 terms
International Financial Management Chapter 3
Foreign Exchange Market
Bretton Woods Agreement
Smithsonian Agreement
Floating Exchange Rate System
Allows for the exchange of one currency for another
An international agreement that called for fixed exchange rat…
The US Dollar was devalued relative to the other major curren…
The currencies of most countries have been allowed to fluctua…
Foreign Exchange Market
Allows for the exchange of one currency for another
Bretton Woods Agreement
An international agreement that called for fixed exchange rat…
17 terms
International Management Ch3
cultural intelligence
cultural sensitivity
culture
creolization
a measure of how well a person can adapt and manage effective…
the awareness of and an honest caring about another persons c…
shared values, understandings, assumptions, and goals that ar…
adopt some aspects of the local culture while keeping aspects…
cultural intelligence
a measure of how well a person can adapt and manage effective…
cultural sensitivity
the awareness of and an honest caring about another persons c…
21 terms
International Management Midterm Chapter 3
Meanings of business environment
PEST analysis / Analysis of 4 factors…
Political factors:
Patent:
consists of all factors inside and outside the company, which…
o Political factors... o Economic factors... o Socio-cultural facto…
• Legal system: Rules on how a country's laws are enacted and…
Legal rights awarded by government authorities to inventors o…
Meanings of business environment
consists of all factors inside and outside the company, which…
PEST analysis / Analysis of 4 factors…
o Political factors... o Economic factors... o Socio-cultural facto…
16 terms
MGMT Chapter 3 International Dimensions of Management
Competitive Global Business
Privatisation
Forms of International Business
Market Entry Strategies
Problems in rising prices, unemployment, competition and priv…
The selling of owned enterprises into private ownership
Market Entry Strategies... Direct Investment Strategies
> Global Sourcing: Materials purchased around the world for l…
Competitive Global Business
Problems in rising prices, unemployment, competition and priv…
Privatisation
The selling of owned enterprises into private ownership
33 terms
International Management True/False Ch.3
The purchasing power parity for differ…
Although countries such as China and I…
In Amartya Sen's view, development is…
The gross national income (GNI) per ca…
TRUE... To account for differences in the cost of living, one ca…
TRUE... Although countries such as China and India are currently…
FALSE... In Amartya Sen's view, development is not just an econo…
FALSE... The HDI comes much closer to Sen's conception of how de…
The purchasing power parity for differ…
TRUE... To account for differences in the cost of living, one ca…
Although countries such as China and I…
TRUE... Although countries such as China and India are currently…
103 terms
International Management Exam 3
Which of the following are considered…
Subunits of a multinational company lo…
The least efficient of the following s…
Which of the following control systems…
Foreign subsidiaries
Foreign subsidiaries
Product Structure
Bureaucratic control systems
Which of the following are considered…
Foreign subsidiaries
Subunits of a multinational company lo…
Foreign subsidiaries
28 terms
Strategic Management chapter 3: The internal organization
Firms achieve strategic competitivenes…
By studying the external environment,…
By studying the internal environment,…
Context of internal analysis
-acquired ... -bundled ... -leveraged
-what they might choose to do
-what they can do
-global economy ... -global mind-set... -analysis outcome
Firms achieve strategic competitivenes…
-acquired ... -bundled ... -leveraged
By studying the external environment,…
-what they might choose to do
12 terms
Business Management Chapter 3
career
learning style
lifestyle
trend
series of progressively more responsible jobs in one field or…
the different ways people process information
the way you spend your time, energy , money
shows changes or movement in a certain area
career
series of progressively more responsible jobs in one field or…
learning style
the different ways people process information
28 terms
International Management ch3
convergence
self reference criterion
parochialism
ethnocentrism
phenomenon of the shifting of individual management styles to…
subconscious reference point of ones own cultural values
when a Frenchman expects those from or in another county to a…
describes the attitude of those who operate from the assumpti…
convergence
phenomenon of the shifting of individual management styles to…
self reference criterion
subconscious reference point of ones own cultural values
16 terms
Chapter 2 - International Management
multinational corporation (MNC)
multinational corporation
transnational corporation
outsourcing
a firm with operating units in 2 or more countries in additio…
MNC
a special type of MNC that operates worldwide without having…
the practice of hiring an individual or another company outsi…
multinational corporation (MNC)
a firm with operating units in 2 or more countries in additio…
multinational corporation
MNC
19 terms
International Management (Sequeira) Ch3
Social Institutions
Key Social Institutions that Influence…
Economic Systems
Capitalist
Complex network of positions, roles, norms, and values organi…
The economic systems... The level of industrialization... The relig…
system of beliefs, activities, organizations and relationship…
production is decentralized to private owners
Social Institutions
Complex network of positions, roles, norms, and values organi…
Key Social Institutions that Influence…
The economic systems... The level of industrialization... The relig…
31 terms
Strategic Management: Chapter 3 Internal Analysis
A company has competitive advantage wh…
Sustained competitive advantage?
What is the primary objective of strat…
Distinctive Competencies?
Its profitability is greater than the average profitability o…
What a company is able to maintain above-average profitabilit…
Competitive advantage.
Firm-specific strengths that allow a company to differentiate…
A company has competitive advantage wh…
Its profitability is greater than the average profitability o…
Sustained competitive advantage?
What a company is able to maintain above-average profitabilit…
Chapter 3- International Relations
Levels of analysis
Theory
Realist theory
Anarchy
International relations framework used to explain events by e…
Ways of making sense of events by explaining how or why they…
Theory based on the idea that global politics is essentially…
Absence of political authority or government above the state.
Levels of analysis
International relations framework used to explain events by e…
Theory
Ways of making sense of events by explaining how or why they…
13 terms
International Business Chapter 3
Subculture & Counterculture
Saudi Arabian Culture
Japanese Culture
Types of Time Perception
reject the cultural values that surround them
Islam... pray 5 times a day... Weekend is from thu-sat... Loose and fl…
Shintoism and Buddhism... Polytheistic (more than one god)... Respe…
Monochronic and Polychronic
Subculture & Counterculture
reject the cultural values that surround them
Saudi Arabian Culture
Islam... pray 5 times a day... Weekend is from thu-sat... Loose and fl…
22 terms
International Management ch3
convergence
self reference criterion
parochialism
ethnocentrism
phenomenon of the shifting of individual management styles to…
subconscious reference point of ones own cultural values
when a Frenchman expects those from or in another county to a…
describes the attitude of those who operate from the assumpti…
convergence
phenomenon of the shifting of individual management styles to…
self reference criterion
subconscious reference point of ones own cultural values
23 terms
Chapter 3 international mgmgt
Value chain analysis
primary activities
support activites
inbound logistics
a strategic analysis of an organization that uses value creat…
contribute to the physical creation of the product or service…
activities fo the value chain that either add value by themse…
associated with receiving, storing, and distributing inputs t…
Value chain analysis
a strategic analysis of an organization that uses value creat…
primary activities
contribute to the physical creation of the product or service…
12 terms
Chapter 3 Sports Management
leadership
synergy
long-term goals
agents
ability to influence individuals and organizations to coopera…
collective results of an organization's employees
plans that take more than one year to complete
legal representatives who negotiate new contracts and endorse…
leadership
ability to influence individuals and organizations to coopera…
synergy
collective results of an organization's employees
23 terms
International Management Ch.3
Saudi Arabian Culture
Cultural Sensitivity
Convergence
Self-Reference Criterion
Women: 1. Outnumber men in universities... 2. Own 20 percent of…
An awareness of and an honest caring about another individual…
the phenomenon of the shifting of individual management style…
the subconscious reference point of one's own cultural values…
Saudi Arabian Culture
Women: 1. Outnumber men in universities... 2. Own 20 percent of…
Cultural Sensitivity
An awareness of and an honest caring about another individual…
14 terms
International Management CH 3
Gross National Income (GNI)
Purchasing Power Parity (PPP)
Economic Freedom
Human Development Index (HDI)
the yardstick for measuring economic activity of a country, t…
an adjustment in gross domestic product per capita to reflect…
in a market economy with rule of law creates greater incentiv…
an attempt by the UNI to assess the impact of a number of fac…
Gross National Income (GNI)
the yardstick for measuring economic activity of a country, t…
Purchasing Power Parity (PPP)
an adjustment in gross domestic product per capita to reflect…
15 terms
International Business Chapter 3 LSM
Culture
Cultural Baggage
Subculture
Nuclear Family
A system of learned, shared, unifying, and interrelated belie…
The idea that you carry your beliefs, values, and assumptions…
A subset or part of a larger culture
A group that consists of a parent or parents and unmarried ch…
Culture
A system of learned, shared, unifying, and interrelated belie…
Cultural Baggage
The idea that you carry your beliefs, values, and assumptions…
12 terms
International Management chp 3
Cultural sensitivity
culture
creolization
organizational culture
awareness of and an honest caring about another individuals c…
society comprises the shared values understandings assumption…
when immigrants adopt some aspects of their local culture whi…
expectations, norms and goals held in common by members of th…
Cultural sensitivity
awareness of and an honest caring about another individuals c…
culture
society comprises the shared values understandings assumption…
19 terms
International Financial Management CH3
balance of payments
balance-of -payments identity (BOP!)
capital account
current account
...
...
...
...
balance of payments
...
balance-of -payments identity (BOP!)
...
11 terms
International Management Chapter 5
Ethnocentricity Predisposition
Polycentric predispostion
Regiocentric Predispositon
Geocentric Predispostion
A nationalistic philosophy of management whereby the values a…
A philosophy of management whereby strategic decisions are ta…
A philosophy of management whereby the firm tries to blend it…
A philosphy of management whereby the company tries to integr…
Ethnocentricity Predisposition
A nationalistic philosophy of management whereby the values a…
Polycentric predispostion
A philosophy of management whereby strategic decisions are ta…
22 terms
Compensation, Performance Management: Chapter 3 - Defining Internal Alignment
Internal Alignment
Pay Structure
Work Flow
Line of Sight
The pay relationships among jobs or skill levels within a sin…
The array of pay rates for different jobs within a single org…
The process by which goods and services are delivered to the…
An employee's ability to see how individual performance affec…
Internal Alignment
The pay relationships among jobs or skill levels within a sin…
Pay Structure
The array of pay rates for different jobs within a single org…
25 terms
International Management Chapter 4
Hofstede's Cultural Dimensions
Values
Power Distance
Uncertainty Avoidance
1. Power Distance 2. Uncertainty Avoidance 3. Individualism/C…
Basic convictions that is right and wrong,good and bad, and i…
The extent to which less powerful members of institutions and…
The extent to which people feel threatened by ambiguous situa…
Hofstede's Cultural Dimensions
1. Power Distance 2. Uncertainty Avoidance 3. Individualism/C…
Values
Basic convictions that is right and wrong,good and bad, and i…
20 terms
International Management Chapter 6
Organizational Culture
Family Culture
Eiffel Tower Culture
Nation and Organizational Culture
Shared values and beliefs that enable members to understand t…
A culture that is characterized by a strong emphasis on hiera…
A culture that is characterized by strong emphasis on hierarc…
National culture values of employees may significantly impact…
Organizational Culture
Shared values and beliefs that enable members to understand t…
Family Culture
A culture that is characterized by a strong emphasis on hiera…
17 terms
International Management Chapter 1
Management
International Management
MNC (Multinational Corporation)
Globalization
Process of completing activities effectively with and through…
Process of applying management concepts and techniques in a m…
A firm having operation in more than one country, internation…
The process of social, political , economic, cultural, and te…
Management
Process of completing activities effectively with and through…
International Management
Process of applying management concepts and techniques in a m…
42 terms
International Management Chapter 1
The "Triad" of free-trade blocs includ…
The World Economic Forum held in Davos…
Which country experienced the greatest…
Which country listed below is not a…
Russian Federation
"Shaping the Post-Crisis World"
China
Venezuela
The "Triad" of free-trade blocs includ…
Russian Federation
The World Economic Forum held in Davos…
"Shaping the Post-Crisis World"
24 terms
International Management Chapter 14
Home-Country National
Expartriates
Host- Country Nationals
Third Country Nationals
Expatriate managers who are citizens of the country where the…
Managers who live and work outside their home country. They a…
Local managers who are hired by the MNC
Managers who are citizens of countries other than the country…
Home-Country National
Expatriate managers who are citizens of the country where the…
Expartriates
Managers who live and work outside their home country. They a…
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