Globalization
The definition of globalization
What is the spread of products, technology, information, and jobs across national borders and cultures?
A company that operates in more than one country and contains more than one corporation.
What is a multinational corporation?
The name of the Irish explorer who famously led and managed an expedition to the Antarctic which got stranded.
Daily Double
Who is Ernest Shackleton?
The meaning of thumbs up in some countries outside the US
Shared beliefs, customs, practices, and social behavior of a group or nation
What is culture?
The club in which Mr. Goldin is a co-advisor.
What is FBLA?
The way in which globalization has impacted markets and consumer tastes
DAILY DOUBLE
What is the tastes and preferences of consumers in different nations are converging on some global norms, creating a global market
Any government action taken to control or limit the amount of imports
What are trade barriers?
The management theorist who utilized a stopwatch to record how long it took workers to perform a task and used these to influence his Scientific Management Theory.
Frederick Winslow Taylor
The most common color used in the logos of Fortune 500 companies
What is blue?
Production of goods or services more efficiently and at a lower cost than another country
What is absolute advantage?
The state that Mr. Goldin lived in after college.
What is California?
The impact of globalization on production
What is the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production?
Three ways a company can enter another country and become an international company
What are exporting/importing, contractual agreements (licensing, franchising, subcontracting), international direct investment (joint venture, Foreign Direct Investment (FDI), acquisitions, international divisions)
On the Culture Map, these two ends of the spectrum map how different cultures evaluate and provide negative feedback.
Communication that is sophisticated, nuanced, and layered. It relies on implied messages, body language, and tone.
What is high context?
The three schools of management theory
What are classical, behavioral, and modern?
The number of siblings Mr. Goldin has.
What is 3?
Three examples of IGOs discussed in this class
What are UN, WTO, IMF, NATO, NAFTA, OPEC, WB, ASEAN, ILO, WIPO, WHO, OECD, EU, ICC, OAS, G20, G7/8?
Name three types of trade barriers.
What are tariffs, quotas, embargos?
Five of the eight leadership styles discussed in class.
What are Democratic (Participative), Autocratic (Authoritarian), Laissez-Faire (Delegative), Authoritative, Transformational, Bureaucratic, Servant, Transactional?
The school of thought that purposes that different colors elicit responses from people
What is color psychology
When a country specializes in producing a product at which it is relatively more efficient
What is comparative advantage?
What are the two new classes Mr. Goldin plans to teach next year?
What are College Real Estate and Living Roots; The Science & Business of Food?
The pros and cons of the globalization of production.
What are developing countries and communities may be able to prosper from the jobs created by manufacturing jobs, but individuals may be hurt from lacked labor laws, pollution, and child labor?
The three types of economies that answer the basic economic question differently. (hint: not communist, capitalist, and socialist)
What are command, market, and mixed economies?
Two examples of what a manager does and two examples of what a leader does.
What is... *Mr. Goldin's discretion* Management - The planning, organizing, leading, and controlling of an organization
Leadership - The ART of enlisting people to embrace a vision/goal and inspiring them to work towards it
The way in which to avoid miscommunication and misunderstandings in international communication and marketing
What is research the country and culture you're planning to do business in? *Mr. Goldin's discretion*
Three of the eight metrics on the Culture Map and the ranges in which they operate
What are Communicating - High - Low Context/ Evaluating - Direct - Indirect/ Persuading - Principles-first (Deductive) - Applications-first (Inductive)/ Leading/Leadership - Egalitarian - Hierarchical/ Deciding - Consensual - Top-down/ Trusting - Task-based - Relationship-based/ Disagreeing - Confrontational - Avoids Confrontation/ Scheduling - Linear time - Flexible time
What is Mr. Goldin allergic to?
What is Gluten/Wheat/Bread?