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notes for quiz 1-3 for test

by: Tia Shaw

notes for quiz 1-3 for test Mgmt 4660

Marketplace > University of North Texas > Mgmt 4660 > notes for quiz 1 3 for test
Tia Shaw

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an outline fo9r ch.1=3 test
International management Perspectives
Joan Hubbard
Class Notes
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This 3 page Class Notes was uploaded by Tia Shaw on Sunday September 25, 2016. The Class Notes belongs to Mgmt 4660 at University of North Texas taught by Joan Hubbard in Fall 2016. Since its upload, it has received 2 views.


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Date Created: 09/25/16
MGMT 4660 STUDY GUIDE CH.1  Define multinational management.  The planning and strategies created to get the most gain from international markets. • Understand the characteristics of a multinational company. I. Publically owned II. Can be small or large III. Also corporations IV. Engages in commerce across domestic borders • Understand the nature of the global economy and the key forces that drive globalization. Pros: I. Lower cost of doing business II. More jobs for emerging markets III. Opening up market for new competition Cons: I. Not good for environment in countries with little to no environmental regulations II. Widening the gap between rich and poor III. Smaller countries can’t compete Drivers to globalization: I. Technology/internet II. Cross border investment III. Privatization of former gov. industries Rise in global consumerism • Know the basic classification of the world’s economies. I. Developed: $$$ per capita, lots of buying power Ex: US, Japan, Great Britain II. Developing: lots of growth over the past 20 years Ex: Hong Kong* ( 1 country / 2 systems: communist and free trade), Malaysia, Thailand III. Transition: changing economy from communism to capitalism Ex: eastern European countries like Czech Republic, Germany IV. Emerging: economies currently growing very fast Ex: Brazil, Russia, India, China • Identify the characteristics of the next generation of multinational managers. V. Global mindset: VI. Emotional intelligence VII. Long range view VIII. Ability to inspire to reach international organization goals CH.2  Define culture and understand the basic components of culture. • Identify instances of cultural stereotyping and ethnocentrism. • Understand how various levels of culture influence multinational operations.  Apply the Hofstede, GLOBE, and 7d models to diagnose and understand the impact of cultural differences on management processes. • Appreciate the complex differences among cultures and use these differences to build better organizations. • Recognize the complexity of understanding new cultures and the dangers of stereotyping and cultural paradoxes.  Understand the national context and how it affects the business environment. 2 • Understand the influence of the institutional context of countries on individuals and organizations. • Define social institutions and understand their basic forms. • Explain how social institutions influence both people and organizations .CH.3 Describe the basic economic systems and their influence on multinational operations. • Understand the basic stages of industrialization and their implications for multinationals. • Discuss the world’s basic religions and how they shape the local business environment. • Develop an understanding of education and its effects on multinational operations.  Define social inequality and its implications for multinationals. • Understand the importance of the national context and its connection with other international management areas. 3


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