Globalization & Int'l Linkages
A firm having operations in more than one country, international sales, and a nationality mix among managers and owners
What are multinational corporations?
power distance; individualism/collectivism; masculinity/femininity; uncertainty avoidance; time orientation
What are Hofstede's Five Dimensions of Culture?
A cultural practice in India where a traditional greeting involves pressing one's palms together and saying "namaste."
What is a traditional Indian greeting?
This trap is a danger in international management, suggesting adopting the ethical standards of the country you are in.
What is ethical relativism?
This technological advancement is revolutionizing the financial services industry by maintaining open ledgers for transactions.
What is blockchain technology?
This agreement transformed North America into one giant market by reducing most barriers to trade and investment.
What is NAFTA or the United States–Mexico–Canada Agreement (USMCA)?
The GLOBE project's term for the degree to which an organization or society encourages and rewards collective distribution of resources and action.
What is collectivism (societal collectivism)?
In this Latin American country, personal space in conversation is minimal, and physical contact is a sign of warmth and friendship.
What is Brazil?
This beauty company has focused on sustainability through the biodegradability of its product formulas and water management.
What is L’Oréal?
This political philosophy prioritizes the needs and goals of society over individual desires and is often contrasted with individualism.
What is collectivism?
These economies are characterized by government ownership and lack of motivation for innovation, often leading to inefficiency and economic stagnation.
What are command economies?
the extent to which people in a country accept that power is distributed unequally in society and organizations
What is power distance?
These are the two largest and most important regional trading groups in Asia, playing a crucial role in economic integration and cooperation.
What is ASEAN (Association of Southeast Asian Nations) & APEC (Asia-Pacific Economic Cooperation)?
This act makes it illegal for U.S. companies to influence foreign officials through personal payments or political contributions.
What is the Foreign Corrupt Practices Act (FCPA)?
The risk of major changes that may result from war, revolution, death of political leaders, social unrest, or other influential events
What is political uncertainty?
This country is expected to surpass China as the most populous country, becoming a significant player in the global economy.
What is India?
the degree to which people in a country are uncomfortable with unstructured, ambiguous, unpredictable situations
What is uncertainty avoidance?
This approach to international management involves a company trying to integrate a global systems approach to decision-making.
What is a geocentric predisposition?
This term refers to the responsibility of businesses to contribute to the societies in which they operate beyond just making a profit.
What is corporate social responsibility (CSR)?
This principle of international law allows a country jurisdiction over its citizens no matter where they are located.
What is the nationality principle?
This negative impact of social media has increased among youth, leading to higher levels of anxiety and necessitating discussions on safeguards against misinformation.
What are the adverse impacts of social media on personal lives?
This recent cultural dimension by Hofstede highlights the extent to which societies permit the gratification of desires and how they control impulses and desires.
What is indulgence vs. restraint?
With a combined population of 48.2 million, these countries together are the seventh largest U.S export market in the world and the the largest U.S. export market in Latin America, after Mexico and Brazil.
What is CAFTA-DR (Dominican Republic-Central America Free Trade Agreement)?
This global agreement aims to limit global warming by setting greenhouse gas emissions reduction targets for countries.
What is the Paris Agreement?
This series of protests and government overthrows across the Middle East and North Africa was significantly facilitated by the use of social media.
What is Arab Spring?