Chapter 5 Flashcards
firm allows values and interests of the parent company to guide strategic decisions
ethnocentric
company makes strategic decisions tailored to suit the cultures of the countries where the MNC operates
polycentric
firm blends its own interests with those of its subsidiaries on a regional basis
regiocentric
company integrates a global systems approach to decision making
geocentric
belief that one worldwide approach to doing business is key to efficiency and effectiveness
globalization imperative
tendency to view the world through ones own eyes and perspectives
parachialism
process of exhibiting the same orientation toward different cultural groups
simplification
countries with traditional management, communication, human resources, and networking activities, organizational behavior modification interventions
russia and US
organizational commitment relates to employees position in the hierarchy, tenure in their current position, and age, commitment increases with positive perceptions of organizational climate
korea and US
provides an extensive breakdown of how managers behave and how different cultures can affect the perspectives of managers
globe project
primary criterion: technical competence
value is placed on punctuality, patience, guanxi networking, and reciprocity
business in china
good connections
guanxi
building personal relationships with partners is important
working with local consultants can be valuable
gift giving is considered ethical
business in russia
unsaturated consumer markets with cheap labor and production locations
bureaucratic restrictions have been lifted to attract foreign investment and raise economic growth rate
business in india
social interactions are affected by class stereotypes
organizations tend to be highly centralized and have rigid structures
management is autocratic in nature
business in france
businesspeople tend to have a relaxed work ethic
face to face interaction preferred
patience is key when managing business
business in brazil
fallow a fatalistic approach to time
tend to attach great importance to status and rank
business discussions may to occur until the third or fourth meeting
business in arab countries
