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by: London Bogisich


London Bogisich
GPA 3.75


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Class Notes
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This 4 page Class Notes was uploaded by London Bogisich on Saturday September 12, 2015. The Class Notes belongs to MGMT 3010 at University of Georgia taught by Vandenberg in Fall. Since its upload, it has received 21 views. For similar materials see /class/202603/mgmt-3010-university-of-georgia in Business, management at University of Georgia.

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Date Created: 09/12/15
Transnational Organization an organization in which the global viewpoint supersedes national issues Guanxi the Chinese practice of building networks for social exchange Expatriate manager a manager who works in a country different from his or her own home country Individualism a cultural orientation in which people belong to loose social frameworks and their primary concern is for themselves and their families Collectivism a cultural orientation in which individuals belong to tightly knit social frameworks and depend strongly on extended families or clans Power distance the degree to which a culture accepts unequal distribution of power Uncertainty avoidance the degree to which a culture tolerates ambiguity and uncertainty Masculinity a cultural orientation in which assertiveness and materials are valued Feminism a cultural orientation in which relationships and concern for others are valued Time orientation whether a culture s values are oriented toward the future longterm orientation or toward the past and present shortterm orientation Diversity all forms of difference among individuals including culture gender age ability religion personality social status and sexual orientation Glass ceiling a transparent barrier that keeps women from rising above a certain level in organizations Consequential theory an ethical theory that emphasizes the consequences or results of behavior Rulebased theory an ethical theory that emphasizes the character of the act itself rather than its effects Character theory an ethical theory that emphasizes the character personal virtues and intent of the individual Distributive justice the fairness of outcomes that individuals receive in an organization Procedural justice the fairness of the process by which outcomes are allocated in an organization Whistleblower an employee who informs authorities of the wrong doings of his or her company or co workers Social responsibility the obligation of an organization to behave ethically in its social environment T 39 39 J the39 quot 39 and 39 39 39 processes used byanorganizationto transform inputs into products or services that meet its goals Expert system a computer bases application that uses a representation of human expertise in a specialized eld of knowledge to solve problems Robotics the use of robots in organizations Telecommuting electronically transmitting work from a home computer in the of ce Reinvention the creative application of new technology Global business the buying and selling of goods and services by people from different countries Multinational corporation a corporation that owns businesses in two or more countries Direct foreign investment a method of investment in which a company builds a new business or buys an existing business in a foreign country Trade barriers government imposed regulations that increase the cost and restrict the number of imported goods Protectionism a governments use of trade barriers to shield domestic companies and their workers from foreign competition Tariff a direct tax on imported goods Non tariff barriers non tax methods of increasing the cost or reducing the volume of imported goods Quota A limit on the number or volume of imported products Voluntary export restraints voluntarily imposed limits on the number or volume of products exported to a particular country Government import standard a standard ostensibly established to protect the health and safety of citizens but in reality often used to restrict or ban imports Subsidies government loans grants and tax deferments given to domestic companies to protect them from foreign competition Customs classification a classification assigned to imported products by government officials that affect the size of the tariff and imposition of import quotas General agreement on tariffs and trade GATT a worldwide trade agreement that reduced and eliminated tariffs limited government subsidies and established protections for intellectual property World trade organization WTO as the successor to GATT the only international organization dealing wuth the global rules of trade between nations Regional trading zones areas in which tariff and nontariff barriers on trade between countries are reduced or eliminated Maastricht treaty of Europe a regional trade agreement between most European countries North American free trade agreement NAFTA a regional trade agreement between the united states Canada and Mexico Central America Free trade agreement CAFTADR a regional trade agreement between CostaRica the Dominican republic el Salvador Guatemala Honduras Nicaragua and the united states Union of south American nations UNASUR a regional trade agreement between Argentina brazil Paraguay Uruguay Venezuela Bolivia Columbia Ecuador peru Guyana Suriname and Chile Association of Southeast Asian Nations ASEAN a regional trade agreement between Brunei Darussalam Cambodia Indonesia Lao PDR Malaysia Myanmar the Philippines Singapore Thailand and Vietnam Asiapacific economic cooperation APEC a regional trade agreement between Australia s Canada Chile the peoples republic of china Hong Kong Japan Mexico new Zealand Papua new guinea Peru Russia south Korea Taiwan the united states and all members of ASEAN except Cambodia Lao PDR and Myanmar Global consistency when a multinational company has offices manufacturing plants and distribution facilities in different countries and runs them all using the same rules guidelines policies and procedures Local adaptation when a multinational company modifies its rules guidelines policies and procedures to adapt to differences in foreign customers governments and regulatory agencies Exporting selling domestically produced products to customers in foreign countries Cooperative contract an agreement in which a foreign business owner pays a company a fee for the right to conduct that business in his or her country Licensing an agreement in which a domestic company the licensor receives royalty payments for allowing another company the licensee to produce the licensor s product sell its service or use its brand name in a specified foreign market Franchise a collection of networked firms in which the manufacturer or marketer of a product or service the franchisor licenses the entire business to another person or organization the franchisee Strategic alliance an agreement in which companies combine key resources costs risk technology and people Joint venture a strategic alliance in which two existing companies collaborate to form a third independent company Wholly owned affiliates foreign offices facilities and manufacturing plants that are 100 percent owned by the parent company Global new ventures new companies that are founded with an active global strategy and have sales employees and financing on different countries Purchasing power a comparison of the relative cost of a standard set of goods and services in different countries Political uncertainty the risk of major changes in political regimes that can result from war revolution death of political leaders social unrest or other in uential events Policy uncertainty the risk associated with changes in laws and government policies that directly affect the way foreign companies conduct business National culture the set of shared values and beliefs that affects the perceptions decisions and behavior of the people from a particular country Expatriate someone who lives and works outside his or her native country Diversity a variety of demographic cultural and personal differences among an organization s employees and customers Affirmative action purposeful steps taken by an organization to create employment opportunities for minorities and women Surfacelevel diversity differences such as age sex raceethnicity and physical disabilities that are observable typically unchangeable and easy to measure Deeplevel diversity differences such as personality and attitudes that are communicated though verbal and nonverbal behaviors and are learned only though extended interaction with others Social integration the degree to which group members are psychologically attracted to working with each other to accomplish a common objective Age discrimination treating people differently e g in hiring and firing promotion and compensation decisions because of their age Sex discrimination treating people differently because of their sex Racial and ethnic discrimination treating people differently because of their race or ethnicity Disability a mental or physical impairment that substantially limits one or more major life activities Disability discrimination treating people differently because of their disabilities


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