Key terms Flashcards
What is there German concept of ‘Ordung’
Order
What is Gomorra
Italian concept of appreciating quality and design
What is Cordata
Italian concept of organisation structures
What is Blat
Russian system of interpersonal relationships. Dates back to the imperial era and uses personal networks as a resource
Pokazuja
‘fogging glasses’ sometimes used in Russian business negotiations
What is Confucianism
Concept of social hierarchy
What is “buy america’ policy
Cost of doing business in the US
What are Maquiladoras
Mexican production plants on the US border. 78% exports to US
What is ‘Ahorita’
Slow Mexican decision making
What is Guanxi
Connections and relationships between individuals based on a system of reciprocal obligation and exchange of favours. deeply integrated in Chinese business culture
Mianzi + what are the 3 dimensions
promotes trust and relationship. means ‘honour’. affirmative, normative & instrumental
Kankei
Japanese version to Guanxi, based non trust and loyalty
Tatemae
What you say or do in front of others because it is socially right
Zaibatsu
huge conglomerates of Japanese companies, many in banking sector. e.g. Mitsubishi
Keiretsu
Reconversions to Zaibatsu. Horizontal - headed by bank and trading company.
Vertical - link value added
Kuudooka
Offshoring manufacturing to other countries
MITI
Ministry of international trade - determines which industries need to be protected
Sukko
Transferring personel between companies to avoid layoffs
JIS
Japanese international standards. Act as non trade barriers
Nemawashi
Informal consultations among company members to gauge opinion and consensus
Ringi
Process where a person raises an initiative and presents it to a company for approval
Chaebols
Large conglomerate groups controlled by a small number of share holders
- more diversified than Keiretsu
Hedonism
Pursuit of pleasure and self indulgence
Dharma
Individuals are at the centre of the universe and responsible for their actions
