Podcast
Questions and Answers
What is the key variable emphasized in Cross-Cultural Management?
What is the key variable emphasized in Cross-Cultural Management?
- Managerial hierarchy
- Technological advancements
- National culture (correct)
- Global market trends
What does Hyperglobalisation refer to?
What does Hyperglobalisation refer to?
- Regional economic integration
- Localized market expansion
- Decentralization of global trade
- Convergence towards a global system (correct)
What does Authoritarianism entail?
What does Authoritarianism entail?
- Collective decision-making process
- Rule by one or more individuals with absolute power (correct)
- Democratic governance with checks and balances
- Decentralized power structure
What is the key element of Managing the Political Environment?
What is the key element of Managing the Political Environment?
What is the perspective of individuals and organisations which recognizes their own culture as one among many and strives to understand differing cultures?
What is the perspective of individuals and organisations which recognizes their own culture as one among many and strives to understand differing cultures?
Which staffing policy appoints mostly host country nationals (HCNs)?
Which staffing policy appoints mostly host country nationals (HCNs)?
What is the belief that life is predetermined and change is relatively difficult to achieve?
What is the belief that life is predetermined and change is relatively difficult to achieve?
Which dimension of Trompenaars' relational dimensions emphasizes personal relationships over social codes?
Which dimension of Trompenaars' relational dimensions emphasizes personal relationships over social codes?
What is the perspective that appoints the best person regardless of nationality, including third country nationals (TCNs)?
What is the perspective that appoints the best person regardless of nationality, including third country nationals (TCNs)?
What does the spill over effect refer to?
What does the spill over effect refer to?
What is the measure of levels of integration, personal contact, technology, and political engagement?
What is the measure of levels of integration, personal contact, technology, and political engagement?
Which staffing policy transfers employees on a regional basis, midway between ethnocentric and polycentric perspectives?
Which staffing policy transfers employees on a regional basis, midway between ethnocentric and polycentric perspectives?
What are the international staffing policies that include appointing the best person regardless of nationality, including third country nationals (TCNs)?
What are the international staffing policies that include appointing the best person regardless of nationality, including third country nationals (TCNs)?
What are the dimensions of Trompenaars' relational dimensions that focus on the extent to which people believe they control the environment, or the environment controls them?
What are the dimensions of Trompenaars' relational dimensions that focus on the extent to which people believe they control the environment, or the environment controls them?
What are the legal issues for MNCs according to the text?
What are the legal issues for MNCs according to the text?
What is the measure of levels of integration, personal contact, technology, and political engagement?
What is the measure of levels of integration, personal contact, technology, and political engagement?
Which entry modes involve goods exchange with little cash changing hands?
Which entry modes involve goods exchange with little cash changing hands?
What is the term for a perspective deeply rooted in one's own culture and excludes others?
What is the term for a perspective deeply rooted in one's own culture and excludes others?
What is the term for the difficulties arising from different norms and rules in foreign markets?
What is the term for the difficulties arising from different norms and rules in foreign markets?
What is the term for the mix of western-imported ideas and nationalistic, domestic styles?
What is the term for the mix of western-imported ideas and nationalistic, domestic styles?
Which system grants the right to patent to the first entity to file for it?
Which system grants the right to patent to the first entity to file for it?
What are the cultural dimensions included in Hofstede's and Trompenaars’s frameworks?
What are the cultural dimensions included in Hofstede's and Trompenaars’s frameworks?
What motives for internationalization can include competitive pressures and declining domestic sales?
What motives for internationalization can include competitive pressures and declining domestic sales?
What entry modes involve contracting out production or transferring a business concept to non-domestic parties?
What entry modes involve contracting out production or transferring a business concept to non-domestic parties?
What kind of partnerships are global strategic alliances and joint ventures?
What kind of partnerships are global strategic alliances and joint ventures?
What is the term for a firm's unfamiliarity with the culture of a foreign business location?
What is the term for a firm's unfamiliarity with the culture of a foreign business location?
What risk includes potential changes to rules and tax systems in foreign business locations?
What risk includes potential changes to rules and tax systems in foreign business locations?
What barriers can prevent other firms from entering a strategic group and threatening existing firms?
What barriers can prevent other firms from entering a strategic group and threatening existing firms?
Flashcards
Power distance
Power distance
The degree to which a country's people accept unequal power distribution.
Uncertainty avoidance
Uncertainty avoidance
The extent to which people feel uncomfortable with uncertainty and ambiguity.
Particularism
Particularism
The reliance on personal networks and favors rather than contracts and procedures.
Universalism
Universalism
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Geocentric Staffing Policy
Geocentric Staffing Policy
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Polycentric Staffing Policy
Polycentric Staffing Policy
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Ethnocentrism
Ethnocentrism
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Polycentrism
Polycentrism
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Liability of foreignness
Liability of foreignness
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Spillover Effect
Spillover Effect
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Regiocentric Staffing Policy
Regiocentric Staffing Policy
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Fatalistic Disposition
Fatalistic Disposition
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Analytical Problem Solving
Analytical Problem Solving
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Franchising
Franchising
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Cross-Variance
Cross-Variance
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First to File System
First to File System
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Cross-border Partnerships
Cross-border Partnerships
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Culture Distance
Culture Distance
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Operational Risk
Operational Risk
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Mobility Barriers
Mobility Barriers
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Hyperglobalization
Hyperglobalization
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Globalization Index
Globalization Index
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Political Constraints
Political Constraints
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Political Risks
Political Risks
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Reactive Motives
Reactive Motives
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Counter Trade
Counter Trade
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Study Notes
International Business Management: Key Concepts and Strategies
- Ownership risk can arise from government-induced changes in ownership structure or the requirement to share ownership with local firms.
- Operational risk includes potential changes to rules and tax systems in foreign business locations.
- The First to File System grants the right to patent to the first entity to file for it.
- Cultural dimensions, such as power distance and uncertainty avoidance, are part of Hofstede's Cultural Dimensions and Trompenaars’s Relational Dimensions.
- Culture distance measures a firm's unfamiliarity with the culture of a foreign business location.
- Ethnocentrism refers to a perspective that is deeply rooted in one's own culture and excludes others, while polycentrism recognizes and seeks to understand differing cultures.
- Cross-variance involves a mix of western-imported ideas and nationalistic, domestic styles.
- Reactive internationalization motives can include competitive pressures and declining domestic sales, while proactive motives can include profit advantage and technological advancement.
- Trade-related entry modes include indirect exporting, direct exporting, and counter trade, which involves goods exchange with little cash changing hands.
- Transfer-related entry modes encompass international licensing and franchising, which involve contracting out production or transferring a business concept to non-domestic parties.
- Global strategic alliances and joint ventures are cross-border partnerships between firms, with the former pursuing mutual interests and the latter being commercial enterprises undertaken jointly by two or more parties.
- Mobility barriers can prevent other firms from entering a strategic group and threatening existing firms, while liability of foreignness refers to the difficulties arising from different norms and rules in foreign markets.
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Description
Test your knowledge of key concepts and strategies in international business management with this quiz. Explore topics such as ownership risk, cultural dimensions, entry modes, and strategic alliances, and understand the challenges and opportunities of operating in a global market.
