Chapter 15 Flashcards
Host Country
A country in which an international corporation operates.
International Corporation
A domestic firm that uses its existing capabilities to move into overseas markets.
Multidomestic Corporation (MDC)
A firm with independent business units operating in multiple countries.
Global Corporation
A firm that has integrated worldwide operations through a centralized home office.
Transnational Corporation
A firm that attempts to balance local responsiveness and global scale via a network of specialized operating units.
Expatriates, or Home-Country Nationals
Employees from the home country who are on international assignment.
Host-County Nationals
Employees who are natives of the host country.
Third-Country Nationals
Employees who are natives of a country other than the home country or the host country.
Work Permit, or Visa
A government document granting a foreign individual the right to seek employment.
Guest Workers
Foreign workers invited to perform needed labor.
Transnational Teams
Teams composed of members of multiple nationalities working on projects that span multiple countries.
Global Manager
A manager equipped to run an international business.
Cultural Environment
The communications, religion, values and ideologies, education, and social structure of a country.
Core Skills
Skills considered critical to an employee’s success abroad.
Augmented Skills
Skills helpful in facilitating the efforts of expatriate managers.
