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MGMT 351 - R. JUBAN - EXAM 2 Questions with complete solutions latest 2024/2025 100% Verified.
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MGMT 351 - R. JUBAN - EXAM 2 Questions with complete solutions latest 2024/2025 100% Verified.
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MGMT 351 - R. JUBAN - EXAM 2Globalization
interconnectedness of markets- increased trade, transportation and technology
Expatriates
someone who works overseas as an American. Avg term is 36 months (3 years) and low
success rate (due to bad language skills)
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MNC's
Multinational company- any company that does business overseas.
NGO's
nongovernmental organizations- doctors without borders would be that
Nationalization
when a company is taken by a foreign company not peaceful
Ethnocentric
your culture is the center of everything
Polycentric
, you can be adaptive and live wherever you are. You can change the way you live with your
environment
Geocentric
take a worldview and what you do is the same everywhere and you take all the best parts of
places all over the world.
Pestle analysis
strategic framework used by organizations to assess the following factors of a particular country:
political, economic, sociocultural, technological, legal, and environment.
How to do business internationally- from less risk to more risk
a. Importing and exporting- buying or selling things outside of the country
b. Outsourcing and Offshoring- sending things to a different country to get things produced and
now they are a part of your company.
c. Franchising- allowing someone else to produce the product with your name and your
technology.
d. Joint ventures- going into business with a company overseas- company a wants to do
business in Germany so I go into business with company B to create a company
C and both will own it.
e. Wholly owned foreign subsidiaries- creates your own factory and you own everything
but it's a lot of risk.
Trade Alliances
agreements of products crossing the border
European Union
largest agreement. They have their own laws and leaders
NAFTA
response to the EU. We combined Mexico and Canada.
Tariffs
taxes on products sold over the border
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