Globalisation of work & international business

Question 1

What is a multinational enterprise (MNE)?

Answer 1

a company that operates in multiple countries with: production/services spread across countries, markets in more than one country, a structure beyond one location including Corporate HQ, international divisions, regional HQs and regional managers

Question 2

what are the key features of an MNEs structure?

Answer 2

corporate hqs, international divisions, regional hqs and regional managers

Question 3

what are the 3 types of organisational and structures in MNEs?

Answer 3

interantional division structure, geographical area structure, global product division structure

Question 4

what is extraordinary connectivity in globalisation of work?

Answer 4

extraordinary connectivity refers to advanced communication and technology that enable seamless global collaboration

Question 5

what is the global talent pool?

Answer 5

is the worldwide availability of skilled workers that business can recruit from, regardless of location

Question 6

what does ‘hollowing out of work’ mean?

Answer 6

happens when jobs are:
-outsourced to regions with lower wages
-replaced by technology through automation

Question 7

what is globalisation of virtual work?

Answer 7

involves tasks and projects handled online by teams in different countries

Question 8

who is transnational worker?

Answer 8

is;
-multilingual
-highly skilled and adaptable
often has dual citizenship
-works across developed and developing countries

Question 9

how has globalisation affected supply chains?

Answer 9

supply chains are no longer localised; business source materials and distributed products internationally

Question 10

what are effects of automation on work?

Answer 10

job creation
job destruction
upskilling
deskilling

Question 11

what are the key areas of diversity in global workforces

Answer 11

gender
culture
race
global recruitment

Question 12

what are the 2 types of migration in global work?

Answer 12

-low skilled migration - workers moving for basic or manual jobs
-highly skilled migration - workers moving for advanced roles, often in technology or management

Question 13

how do labour laws differ in international business?

Answer 13

-domestic laws govern local workers
-international companies must balance both domestic and international regulations, including worker rights, wages and conditions