short q and a Flashcards
what are the three globalization strategies?
Global standardization, strategy, localization, or multi domestic strategy transnational strategy
what are the advantages of a global standardization strategy?
Economies of scale and proportionate cost savings
What are the disadvantages of global standardization strategy?
Does not respond to individual cultures requires significant organization and communication between countries
What is a multi domestic strategy?
investing in other countries with decentralized decisions to meet local needs and customs
what are the advantages of a multi domestic strategy?
Less political risk increased product differentiation greater response to local needs
What are the disadvantages of a multi domestic strategy?
more expensive to implement reduces economies of scale
what is a transnational strategy?
Combining elements of global and multi domestic strategies with local decision-making
what what are the advantages of a transnational strategy?
Combines global efficiency with local responsiveness
what are the disadvantages of a transnational strategy?
More complex organizations
What is the TPP?
The transpacific partnership is a proposed trade agreement. I’m on 12 Pacific rim countries.
what is Luxx leaks?
Release of documents in 2014, revealing tax, avoidance schemes, and Luxenberg
what is the purpose of the European Union?
Promote economic and political cooperation among member states
what are the three governing bodies of the EU and what are their purposes?
European commission (purposes and enforces laws) European Council (sets political direction), European parliament (debates and passes)
what are the three expected benefits from CETA?
Increased trade, enhance regulatory cooperation, job creation
what are the three pillars of APEC?
trade an investment, liberalization, business, facilitation, economic, and technical cooperation
what does the WTO do
Provides a forum for trade, negotiations, set rules for trade and settles disputes
what is the purpose of G7?
Discuss macro economic issues and address, global challenges like climate control, and terrorism
What does G10 focus on?
Major world economies issues, and promoting global economic stability
What is BRICS?
Un Aso ation of five major, emerging economies, Brazil, Russia, India, China, South Africa
What is the mission of the OECD?
Promote economic growth, employment, standard of living, financial stability and world trade
democracy and market economies
what are the main activities of the world bank?
Lending money to develop in countries and providing training and banking regulations, and exchange rates
what does the IMF do? (international monetary fund.)
Promotes financial stability, economic growth and poverty reduction through economic policies in lending
What is the OPEC?
Organization of petroleum, exporting countries, coordinating petroleum policies among member countries
what is Grexit and Brexit?
Grexit refers to grease potentially leaving the zone. Brexit refers to the UK leaving the EU.
what is corporate social responsibility (CSR)
A companies commitment to conduct business ethically and contribute positively to society
what are some benefits to CSR?
Marketing tool, avoids government regulation attracts excellent employees
What are some criticisms of CSR?
Cost money, distraction, profit maximization may be used to distract from other issues
what is a primary stakeholder?
Individuals or groups directly affecting the company success, example employees, customers, etc.
what is a secondary stakeholder
Individuals or groups, indirectly affecting the company, example, competitors, and the government
what are business ethics?
Rules or guidelines for ethical decision-making in business
what is ethical imperialism?
Belief that certain universal truths or values are standard across all cultures
what is cultural relativism
Believe that right and wrong depend on local values and cultural context
what is the test of disclosure?
Ethical decision making tool asking how one would feel if a decision was publicly known
what are the two main types of environmental issues?
Pollution and resource depletion
what is a sweatshop?
Factories with unsafe conditions, unfair treatment, and low wages in underdeveloped countries
what is the biggest sweatshop tragedy?
Plaza collapse in Bangladesh in 2013
What are the different forms of corporate corruption?
Bribery, fraud embezzlement
What is the corruption perceptions index?
Ranks countries by perceived levels of public sector, corruption
what is dumping?
Selling products in a foreign country below production cost or Home country price
what is predatory dumping?
Pricing products below market value to eliminate competition
what is subsidizing?
Financial assistance from the government to support importing goods
what is a microcredit?
Small loans to spur entrepreneurship in underserved communities
what is a kiva?
A nonprofit facilitating micro finance through an online lending platform
what is an NGO?
A nonprofit organization with a service and development focus
give examples of ngos
Doctors without borders, world wildlife fund UNICEF
what is ISO certification?
Certification, ensuring quality, safety, and efficiency across industries
What are the advantages of ISO certification?
enhances credibility, improves processes, ensures compliance
