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What are trompenaar's Value dimensions?
process of developing strategies, designing, and operating systems, working with people to ensure competitive advantage
Two major groups of institutions?
World Trade Organization and International Labor Organization
China's reason for growth?
India's reason for growth?
Lack of government
Why is Australia so well off?
Global trade with China
North American Free Trade Agreement, purpose is to bring faster growth, more jobs, and better working conditions
Central America Free Trade Agreement
Members of CAFTA?
- Costa Rica
- El Salvador
Most competitive economy in the world
What parts to assess in the environment?
Political, economic, legal environment, and technological
What is economic risk?
country's ability to meets its financial obligations
What is culture according to international management?
Values, understandings, assumptions, and goals passed along through generations and imposed by members of a society
Why do manager develop cultural sensitivity?
to accommodate behavioral differences
a managers techniques are best given any situation
What are hofsteds 4 value dimensions?
power distance, uncertainty avoidance, individualism and masculinity
Trompenaars four dimensions?
obligation, emotional orientation, privacy, and source of power and status
assertiveness, performance orientation, future orientation, and humane orientation
(found clusters on nine dimensions)
On the job conflicts?
conflicting values, orientations regarding time, change, material factors, and individualism