Management

• 1. Domestic
• 2. International
• 3. Multinational
• 4. Global

An organization strategy for entering a foreign market

An entry strategy in which the organization maintains its production facilites within its home country and transfers its products for sale in foreign countries

The barter of products for other products rather than their sale for currency

Engaging in the international division of labor so as to obtain the cheapest sources of labor and supplies regardless of country; also called offshoring

A form of licensing in which an organization provides its foreign franchisees with a complete package of materials and services

The management of business operations conducted in more than one country

• 1. Economic
• 2. Legal-Political
• 3. Sociocultural

A country's physical facilities that support economic activites (ex: highways,airports,utilites,telephone lines)

A company's risk of loss of assets, earning power, or managerial control due to politcally based events or actions by host governments

Events such as riots,revolutions, or government upheavals that affect the operations of an international company

• 1. Power Distance
• 2. Uncertainty Avoidance
• 3. Individualism and Collectivism
• 4. Masculinity and Femininity

The degree to which people accept inequality in power among institutions, organizations, and people (High: Accept inequal/Low: Expect inequal)

A value characterized by people's intolerance for uncertainty and ambiguity and resulting support for beliefs that promise certainty and comformity (High: Uncomforable with uncertainty/ Low: High tolerence for the unstructured)

A preference for a loosely knit social framwork in which individuals are expected to take care of themselves

A preference for a tightly knit social framwork in which indivisuals look after one another and organizaions protect their members interests

A greater concern for the future and high value on thrift and perseverance

A concern wiht the past and present and a high value on meeting social obligations

• 1. Assertiveness
• 2. Future orientation
• 3. Uncertainty avoidance
• 4. Gender differentiation
• 5. Power distance
• 6. Societal collectivism
• 7. Individual collectivism
• 8. Performance orientation
• 9. Humane orientation

A culture in which communication is used to enhance personal relationships

A culture in which communication is used to exchange facts and information

A cultural attitude marked by the tendency to regard one's own culture as superior to others

TA single European currency that replaced the currencies of 15 European nations

• 1. Cognitive aspect
• 2. Emotional aspect
• 3. Physical aspect  

A person's ability to use reasoning and observation skills to interpret unfamilar gestures and situations and devise appropriate behavioral responses

Employees who live and work in a country other than their own