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Organizational Behaviour MIdterm > International business midterm > Flashcards

International business midterm Flashcards

chapters 1-7

1
Q

What is Globalization?

A

refers to the shift toward a more intergrated and interdependent world economy
- globilization of markets
- globilization of production
- globilization of consumers

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2
Q

What is Globalization of production?

A

refers to the sourcing of goods and services around the world to tke advantge of nationl differences in costs and quality of factors of production (labour, energy, land, capital)

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3
Q

What are Global Institutions?

A

-World trade Organization
- International monetary fund
- help manage, regulate and police the global marketplace

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4
Q

Drivers Of Globalization

A
  • decline in barriers to the free flow of goods
  • Technologicalchange in communication, information processing, transportation
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5
Q

Technological change

purpose of microprocessors and Telecommunications

A

enabled the explosive growth of high power, low cost computing, vastly increasing the amount of information that can be processed

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6
Q

Technological change

The internet

A

makes it easier for buyers and sellers to find eachother and enables enterprises to control a golablly dispersed production system.

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7
Q

What is the largest recipients of Foreign Direct Investment

A

China followed by Brazil, Mexico, India

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8
Q

What is a multinational enterprise?

A

any business that has productive activities in two or more countries

Us mutinationals has had economic dominance since world war 2

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9
Q

The Globilization Debate
Is the shift toward a more integrated and interdependent
global economy a good thing?

A

Anti-globalization arguments:
* Harmful effects on jobs and income
* Labor policies
* Environmental impact
* National sovereignty
* World’s poor

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10
Q

What is the solution to the Globilization debate?

A

increasing societys investment in education to reduce the supply of unskillled workers

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11
Q

Collectivism Vs Individualism

A

collectivism - focuses on collective goals over individual goals
Individualism - focuses on the intrests of the individual over the intrest of the state

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12
Q

Socialism invloves?

A
  1. Communism - revolution and totalitarian dictatorship
  2. Social Democrats - socialism by democratic means
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13
Q

Individualisms two central tenets?

A
  1. individualism fredom and self expression
  2. Let people pursue their own economic self interest
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14
Q

What is Democracy?

A

political system in which people elect representatives to form the government

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15
Q

What does democracy demand?

A
  1. freedom of expression
  2. free media
  3. regular elections
  4. limited terms for representatives
  5. fair court system
  6. Non political - police and army
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16
Q

What is Totalitarianism?

A

all the constitutional guarantees on which representative democracies are built are denied to citizens

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17
Q

Market vs command vs Mixed economy

A

Market economy - all productive activiteis are privatley owned
Comman economy- the governemnt determines the allocation of resources, production and prices
Mixed economy - some private ownership and some government ownership

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18
Q

What are Legal systems?

A

a system of rules that regulate the behaviour and processses by which the laws of a country are enforced.

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19
Q

Common Law

A

law based on tradition, precedent, and custom

20
Q

Civil Law

A

law based on very detailed set of written laws and codes

21
Q

Theocratic Law

A

System of law based on religious teachings

22
Q

Protection of Intellectual Property

A

refers to property that is the product of intellectual activity such as computer software, music, formulas

patents, copyrights, trademarks

ownership rights established through:

23
Q

The Paris Convention for the protection of Industrial Property

A

international agreement signed by 96 nations to protect intellectual property

24
Q

Determinants of Economic Development

Determinants of Economic Development

A
  • Human Development Index- measures quality of life in different countries
  • innovation and entrepreneurship
  • strong property rights
  • required political system
  • geography, education
25
Q

The Nature of Economic Transformation

What is Deregulation?

A

invloves removing legal restrictions to the free play of markets, to the establishment of private enterprises, and to the manner in which private enterprises operate

26
Q

The Nature of Economic Transformation

What is Privitization?

A

Transfers the ownership of state property into the hands of private individuals, frequently by the sale of state assests through an auction

27
Q

Implications for business

A
  • size of market
  • purchasing power in market
  • future weatlth of consumers
  • politcal factos
  • economic factors
  • legal factors
  • ethics and human rights
  • ethics and regulations
28
Q

What Is Culture?

A

a system of values and norms that are shared among a group of people

29
Q

Values

A

provide context within which a societys norms are established and justified

30
Q

Norms

A

social rules that goven peoples actions toward one another

31
Q

Determinants Of Culture

A
  • religion
  • politcal philosophy
  • Economic Philosophy
  • Education
  • Language
  • Social Structure
32
Q

Social Strata

A

Heirarchical social catogories often based on family background, occupation, and income

individuals are born into a particualr statum

33
Q

Social Mobility

A

refers to the extent to which individuals can move out of the strata into which they are born

34
Q

Caste System

A

closed system of stratification in which social position is determined by the family into which a person is born, and change in that position is not possible during an individuals lifetime

35
Q

Ethical systems

A

refer to a set of moral principles, or values, that are used to guide and shape behaviour

36
Q

Circumstances that affect ethical considerations

A
  • politcal enviornment, and the consequent laws and regulations
  • Social culture enviornment (different cutures together)
  • Technological environemnt ( communication)
37
Q

Ethics in the Changing Political Environment

Corruption

A

International business can still gain economic advantages by making payments to corrupt officials

briebery of foregin public officials is a criminal offence

38
Q

Perceptions of corrupt politicians in Canada

A

Political scandals based on unethical dealings that are played out daily in the international news raise concerns of international business people dealing with Canada.

39
Q

Ethics in the Changing Sociocultural Environment

A
  • how gift giving might be considered bribery;
  • how you interact with law enforcement officers;
  • whether companies only concern themselves with
    obeying precise regulations
40
Q

Employment practices

A

Competitive environment increases in intensity, and
continued advances in the technological environment
conspire to challenge companies to increase employee
productivity

41
Q

Enviornmental Pollution

A

ethical issues arise when environmental regulations in host nations are far inferior to those in the home nation

42
Q

Ethical Dilemmas

A

Ethical dilemmas exist because many real-world decisions are complex, difficult to frame, and involve first-, second-, and third-order consequences that are hard to quantify

43
Q

Determinants of Ethical Behaviour

A

Persoanl ethics
organization culture
Unrealistic Performance goals
Decision mkaing processes
Leadership

44
Q

Why Does the Internet Have Such a Big Influence on Ethics?

A

Quantity
*Variety
*Speed
*Impact

45
Q
A

Organizational Behaviour MIdterm (2 decks)

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