List out the events or trends that have shaped international business beyond today's bumpy roads and into the future.
Of all the events and trends affecting global business today, four stand out as the most dynamic, the ones that will influence the shape of international business far into the future. These are:
(1) the rapid growth of the World Trade Organization;
(2) the trend toward the acceptance of the free market system among developing countries in Latin America, Asia, and Eastern Europe;
(3) the burgeoning impact of the Internet and other global media on the dissolution of national borders; and,
(4) the mandate to properly manage the resources and global environment for the generations to come.
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GLOBAL MARKETING
- List the government agencies that are involved in promoting foreign investment and international business.
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- Describe the characteristics of a sovereign state.
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- Why do U.S. multinational companies hesitate to offer women international assignments? Is this prejudice justified?
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- Discuss the American manager's attitude toward objectivity in decision-making.
- Briefly describe the different types of business customs.
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- In the context of the elements of culture, briefly discuss the concept of linguistic distance.
- Describe the relationship between Uncertainty Avoidance Index scores and stress.
- List the four dimensions of cultural values as given by Hofstede in the book and the 2 other dimensions introduced on the Hofstede website.