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 conglomerate?
A company that operates in more than one country
Daily Double
What is MNC (multinational company)?
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 number of siblings Mr. Goldin has
What is 3
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?
A partnership of two or more companies that work together for a specific business purpose
What is a joint venture?
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?
One of the classes Mr. Goldin teaches besides this one
Daily Double
What is College Marketing or Personal Finance
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 of the five ways a company can enter another country and become an international company
What are exporting/Importin, licensing, franchising, joint venture, Foreign Direct Investment (FDI)?
The five levels of Maslow's Hierarchy of Needs.
What are Physiological, Safety, Social, Esteem, Self-actualization?
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 food Mr. Goldin is allergic to
What is wheat/bread/gluten
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?
The three major types of trade barriers.
What are tariffs, quotas, embargos?
Four of the seven leadership styles discussed in class.
What are Democratic (Participative), Autocratic (Authoritarian), Laissez-Faire (Delegative), 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 is is relatively more efficient
What is comparative advantage?
Name two favorite hobbies or past times of Mr. Goldin's
What is surfing, cooking, dancing, watching tv, listening to podcasts, hiking, camping
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*
Two of the eight metrics on the Culture Map and the ranges in which they operate
DAILY DOUBLE
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
Name three previous jobs held or places worked by Mr. Goldin
What is Cook/Line Chef, Server, Chocolatier, Tax Accountant/Filer, Production Assistant, TV Developer/Creative Development, Special Education Teachers Assistant, Technology Support Representative/IT, External Relations Assistant/Career Services, Youth Entertainer, Resident Assistant