Globalization and Business Culture: Capstone Readings
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Questions and Answers

Which publication discusses the factors affecting multinational team performance?

  • European Business Review (correct)
  • Journal of Organizational Change Management
  • On the Horizon
  • World Journal of Entrepreneurship, Management and Sustainable Development

In which publication can insights on organizational culture change through training and cultural immersion be found?

  • Procedia – Social and Behavioral Sciences
  • Journal of Organizational Change Management (correct)
  • International Journal of Organizational Innovation
  • European Business Review

Which work discusses the impact of globalization?

  • Factors affecting multinational team performance
  • Does market context impact payoffs to internationalization?
  • Globalization: A theoretical reflection (correct)
  • Three important perspectives for understanding national context

Where can information on developing global organizations in Europe be found?

<p>European Business Review (D)</p> Signup and view all the answers

Which source covers communication in global cultural teams and international communication challenges?

<p>International Journal of Organizational Innovation (C)</p> Signup and view all the answers

Where can one explore the selection of international modes of entry and expansion?

<p>'Selecting international modes of entry and expansion' (B)</p> Signup and view all the answers

Why are many road signs in cities like Beijing and Shanghai now written in the Latin alphabet?

<p>To facilitate communication for locals who speak English (C)</p> Signup and view all the answers

What is a significant demographic trend occurring worldwide according to the text?

<p>Increase in life expectancy and declining birth rates (C)</p> Signup and view all the answers

Why does the population in Europe and Japan skew towards older ages according to the text?

<p>Decrease in birth rates among women in these regions (C)</p> Signup and view all the answers

What is one reason for the younger population in many developing countries mentioned in the text?

<p>High birth rates coupled with diseases like HIV/AIDS (D)</p> Signup and view all the answers

How do market demands differ between young and aging societies according to the text?

<p>Market activities are shifting based on varying needs (B)</p> Signup and view all the answers

What is one of the theoretical explanations mentioned for why international business and trade are beneficial for all countries involved?

<p>Fostering economic growth through specialization (D)</p> Signup and view all the answers

What factor contributed to the rapid growth in international currency transactions between 1975 and 2005?

<p>Advancements in telecommunications technology (A)</p> Signup and view all the answers

Which event opened unprecedented opportunities for global growth around 1990?

<p>The end of the Cold War (D)</p> Signup and view all the answers

What has been the trend regarding political and regulatory changes in response to globalization?

<p>Increasing favorability towards foreign direct investment (A)</p> Signup and view all the answers

Which region has become a driving force in the world economy, leading to significant changes?

<p>Southeast Asia (B)</p> Signup and view all the answers

What technological advancements have made instant currency trading and stock/commodity trading possible?

<p>Private computers and online bank accounts (D)</p> Signup and view all the answers

How has the dominance in the world economy shifted over time?

<p>From North America and Europe to Southeast Asia (A)</p> Signup and view all the answers

What did Adam Smith's theory of absolute advantages explain?

<p>Why specialization and trade result in absolute advantages (C)</p> Signup and view all the answers

What do Porter's ideas help achieve?

<p>National gains from international business activities (C)</p> Signup and view all the answers

What was outlined in David Ricardo's theory on comparative advantages?

<p>Specialization and trade benefit countries with disadvantages in production of certain goods (B)</p> Signup and view all the answers

What aspects did the exploration of current trends and facts of globalization include?

<p>Political changes, technological developments, economic changes, and societal and behavioral patterns (B)</p> Signup and view all the answers

What were some of the factors considered that influence global trends?

<p>Regional cultural forces and global market integration (D)</p> Signup and view all the answers

What do the treatises of Adam Smith and David Ricardo emphasize?

<p>The significance of specialization and trade in international relations (D)</p> Signup and view all the answers

What was the main reason for the disappointing outcome of the visit?

<p>Lack of interest in small talk (C)</p> Signup and view all the answers

Why did the meeting end with the counterpart's promise to inform the CEO?

<p>The technical nature of the issues raised (B)</p> Signup and view all the answers

What cultural aspect most likely influenced the lack of response from the CEO?

<p>Seniority being valued more than age (B)</p> Signup and view all the answers

Why did the attempts to reach the CEO directly fail?

<p>CEO's unavailability (D)</p> Signup and view all the answers

What could have been a more culturally appropriate approach to communication in this scenario?

<p>Engaging in more small talk before getting into business matters (C)</p> Signup and view all the answers

What could have potentially changed the outcome of the visit positively?

<p>Adapting communication style to match cultural expectations (C)</p> Signup and view all the answers

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