Unit 4 - Managing Across Cultures Flashcards
somebody who believes that the individual’s life belongs not to him but to the group or society of which he is merely part of.
collectivist
The activity or condition of striving to gain or win something by defeating or establishing superiority over others
competition
the cultural variety and cultural differences that exist in the world
cultural diversity
markets outside of the country the company is based
foreign markets
the process by which businesses or other organizations develop international influence or start operating on an international scale
globalization
the practice of conducting business according to both local and global considerations.
glocalisation
somebody favouring freedom of action for individuals over collective or state control.
individualist
restriction to a particular place
localization
Master of Business Administration
(MBA)
a large corporation which both produces and sells goods or services in various countries
multinational company
somebody who is attached to one’s own group, party, or nation
particularist
system of employee payment that links compensation to measures of work quality or goals
pay-for-performance
traveling salesman
sales rep(resentative)
a widely held but fixed and oversimplified image or idea of a particular type of person or thing
stereotype
person advocating loyalty to and concern for others without regard to national or other allegiances.
universalist
