Management 4

viewing the world soley through ones own eyes, not recognizing differences in living and working

• technology
• internet
• fall of communism

parochialistic belief, best done by own country

managers of host countries know best work approaches and pracitces

world orientated view that focuses on using the best approaches and people from around the world

economic and political partnership between 27 democratic countries as unified economic trade entity

Mexico, Canada, US 1992, eliminated barriers to trade

a broad term the refers to any and all types of international companies that maintain operations in multiple countries

type of mnc in which artificial geographic barriers are eleminated. not based anyplace

• multidomestic corporation (decentralized)
• global company (centralized)
• borderless

• minimal - global sourcing
• mid - export/import, licensing, franchising
• Signifigant - strategic alliance or joint venture, foriegn subsidiary

partnership between an organization and a foriegn company partners in which both share resources and knowledge in developing new products or building production facilities

a specific type of strategic alliance in which the partners agree to form a seperate independent organizaton for some business purpose