Extraterritoriality - ANSWER Extends the power of a country's laws over it citizens
outside that country's sovereign national boundaries.
Porter's "Five Forces" - ANSWER Framework was originally designed to identify
industries that were likely to be profitable and would provide a roi. Threat of
substitution, entry, bargaining power of suppliers, bargaining power of buyers, rivalry
among competitors( influenced by all 4)
Schein's Lauer of Culture - ANSWER Basic assumptions--implicit culture, norms and
values, artifacts and products--explicit culture
Due process - ANSWER Concept that laws enforced through accepted, codified
procedures
Histogram - ANSWER Graphic representation of the sorting of data into groups
arranged in the shape of a statistical distribution, with a central tendency and
dispersion around that tendency.
Scatter Diagram - ANSWER Plots data points against two variables that form the chart's
x and y axes. Each axis is scaled. The pattern formed by the plotted data describes the
correlation between the two variables.
Rule of Law - ANSWER No person is above the law and authority is exercised only
according to written and publicly known laws
, Alliances, partnerships and acquisitions - ANSWER Which growth strategy is common
way of accelerating path to globalization?
Impoverished Manager - ANSWER Detached from the team process, and forcing the
team to struggle on its own. The impoverished manager is committed to neither task nor
people. Part of Blake-Mouton's behavioral leadership theory.
Leader-member relations - ANSWER Refers to the degree of confidence, trust, and
respect that followers have in their leadership.
Environmental Scanning - ANSWER The process that systematically searches for and
interprets relevant information, such as economic trends to identify the external
opportunities and threats for an organization. It is done to analyze how such factors
affect the organization at present and how they will affect the organization in the future.
Strategic Alliance - ANSWER A formal agreement between two or more companies to
pool resources but not equity. Create synergy based on the strengths and technical
capabilities of the partners.
Joint Venture - ANSWER An agreement between two or more partners to form a new
economic entity. Both contribute to equity and sharing in revenues, expenses and
control.
Yield Ratio - ANSWER Calculated at various stages in recruitment as well as at the end.
Example is qualified applicants/total applicants
Assessment Centers - ANSWER A method of evaluating candidates who are presented
with content-valid workplace situations to which they respond and who are then
evaluated on their responses
The Geocentric - ANSWER approach ignores nationality in favor of ability and seeks the
best people for key jobs. An organization that takes a geocentric focus keeps staffing
policies designed to maximize long run strength of the global organization.
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