Presentation Points Flashcards
One force behind the globalization is liberalization of cross-border trade and resource movements. how so
Development of economic blocks provides increased access to many foreign markets like the European Union, NAFTA and so forth
also governments have lowered restrictions on trade and foreign investment
A force behind globalization is increased expansion and technological improvements in what area
Transportation, the travel is cheaper and faster than ever
A force behind globalization is the development of services helps to support international business activities and reduce the risks of doing business internationally how so
There’s government banks services transportation and communication
A force behind globalization is growing consumer pressures, how so
Consumers are well-informed about products and services available in other countries.
Consumers want more, new, better, and differentiated products.
companies have been forced to respond to consumers demand for increasingly high quality, or cost competitive offerings.
A force behind globalization is increased global competition persuades firms to expand internationally in order to
- gain access to foreign opportunities through New markets and new suppliers
- improve their overall operational flexibility and competitiveness
A force behind globalization is changing political and economic situations. How so
Like the change from former Soviet union or eastern Europe or China and Vietnam and also Cuba.
Improvements a national infrastructure and the provision of trade related services by governments has helped increase and trade between those countries and the rest of the world
A force behind globalization is where the cross national corporation has expanded. How so
Governments have increasingly entered into cross national treaties and agreements in order to gain reciprocal advantages, attacks problems jointly that one country acting alone cannot solve.
Help comes from the cooperation of the United Nations, international monetary fund, WTO, and international Bank of reconstruction and development
What are criticisms of globalization
Threats to national sovereignty
offshoring
What are some cultural influences of international business
Some cultural factors are cultural awareness, identification and dynamics of cultures, behavioral practices affecting business, and strategies for dealing with cultural differences
What is cultural awareness
National cultures differ, but people disagree on what the differences are how do you understand those differences
What is identification and dynamics of cultures
The nation as point of reference such as the national identity or common history and symbols.
Language is both a diffuser and stabilizer of culture so country see language as being important.
religion as a cultural stabilizer so religion is a major source of both cultural heritage and culture taboos.
What is cultural formation and dynamics
Culture is transmitted in various ways such as from parent to child, teacher to pupil, social leader to follower, and one peer to another
What is dynamic of culture
Call church changes over time through choice or imposition and contact with other cultures
For example slavery was abolished, women’s right to vote invoked, African-American rights
What are some behavioral practices affecting business
Social stratification, work motivation, relationship preferences, risk taking behavior, information and tasking processing, and communications
Edward Hall concept
Communication - high context to low context
High is internalized such as greetings
Low is direct statements.
Low context culture like US.
High context culture age may be given more respect like japan
