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Definition
| resources, markets, and competition are worldwide in scope |
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Term
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Definition
| process of growing interdependence among elements of the global economy |
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Term
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Definition
| involves managing operations in more than one country |
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Term
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Definition
| culturally aware and informed on internation affairs |
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Term
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Definition
| conducts for-profit transactions of goods and services across national boundaries |
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Term
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Definition
| materials or services are purchased around the world for local use |
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Term
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Definition
| Local firm pays a fee to foreign firm for rights to make or sell its products |
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Term
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Definition
| fee is paid to a foreign business for rights to locally operate using its name, branding, and methods |
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Term
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Definition
| Job creation through foreign direct investment |
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Term
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Definition
| Operates in a foreign country through co-ownership by foreign and local partners |
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Term
| Global Strategic Alliance |
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Definition
| partnership in which foreign and domestic firms share resources and knwoledge for mutual gains |
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Term
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Definition
| local operation completely owned by a foreign firm |
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Term
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Definition
| potential loss in value of a foreign investment due to instability and political changes in the host country |
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Term
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Definition
| tries to forecast political distruptions that cn threaten value of a foreign investment |
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Term
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Definition
| member nations agree to negotiate and resolve disputes about tariffs and trade restrictions |
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Term
| Most Favored Nation Status |
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Definition
| trading partner most favorable treatment for imports and exports |
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Term
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Definition
| taxes gov. levy on imports from abroad |
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Term
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Definition
| trade discourage imports in nontx ways such as quotas and gov. import restrictions |
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Term
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Definition
| call for tariffs and favorable treatments to protect domestic firms from foreign competition |
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Term
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Definition
| North American Free Trade Agreement linking Canada, the US, and Mexico in an economic alliance |
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Term
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Definition
| political and economic alliance of European countries |
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Term
| Transnational Corporation |
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Definition
| global corporation or MNE that operates wordwide on a borderless basis |
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Term
| Foreign Corrupt Practices Act (FCPA) |
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Definition
| makes it illegal US firms and their representatives to engage in corrupt practices overseas |
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Term
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Definition
| emphasize communication via spoken or written words |
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Term
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Definition
| rely on nonverbal and situational cues as well as on spoken or written words in comm. |
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Term
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Definition
| ppl tend to do one thing at a time |
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Term
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Definition
| time is used to accomplish many different things at once |
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Term
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Definition
| how ppl use space to comm. |
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Term
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Definition
| assumes that a generalized culture value applies equally well to all members of the culture |
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Term
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Definition
| degree to which a society accepts unequal distribution of power |
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Term
| Individualism-collectivism |
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Definition
| degree to which a society emphasized individuals and their self-interests |
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Term
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Definition
| degree to which a society tolerates risk and uncertainty |
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Term
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Definition
| degree to which a society values assertivenss and materialism |
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Term
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Definition
| degree to which society emphasized short-term or long-term goals |
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Term
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Definition
| studies how management practices - differ among countries and cultures |
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Term
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Definition
| studies how management practices - differ among countries and cultures |
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