Ch. 4: Managing a Global Environment

Question 1

4 ways to get started internationally

Answer 1

1. export
2. outsource
3. licensing/franchising
4. direct investing (joint venture, wholly owned affiliate, greefiled venture)

Question 2

Hofstede’s Value Dimensions (4)

Answer 2

1. power distance
2. uncertainty avoidance
3. masculinity/femininity
4. individualism/collectivism
   - long term/short term orientation

Question 3

2 ways to gauge economic development

Answer 3

1. infrastructure
2. per capita income
   - more developed = more competitive