5.1
What is global management?
having interests in more than one country.
What does the acronym MNE stand for?
Multinational Enterprise
What is culture?
Culture refers to the customs, beliefs, and traditions of a group of people.
What is intercultural competency?
skills and personal characteristics that help us function successfully in cross-cultural situations
Why do companies go global?
supply, profit, and labour
Give two examples of Transnational Corporations.
Sony, Honda,
What is diversity?
Diversity is the presence of a wide range of human qualities and attributes in a group
What are the 3 pillars of intercultural competency?
• Perception Management:
•Relationship Management
• Self-management
What items are examples of global management?
shirts, cars, clothes
One economic benefit of global businesses?
Job creation
What is CQ?
CQ stands for Cultural Intelligence, which is the ability to function effectively in different cultural contexts.
Are management theories universally applicable?
No, management theories may not be universally applicable as their effectiveness can vary depending on organizational culture, industry, and context.
What is reshoring?
Bringing back manufacturing or production process to the domestic location from an overseas location
A major ethical challenge in global supply chains?
Child Labour
What country has a tight culture?
Japan or South Korea
If you are curious and inquisitive about other cultures which pillar of Intercultural competencies do you fall under
Perception Management
What is importing and exporting?
Importing is; buying foreign-made products to sell domestically and exporting is: selling domestically produced goods in foreign markets.
What did the Rana Plaza tragedy expose?
Poor working conditions
What country has a loose culture?
Australia or Brazil
How can aspiring global managers continue to strengthen their intercultural competencies?
They can continue learning about other cultures and seeking new perspectives.