Chapter 4.docx - Chapter 4 Quiz Study Guide Tough problems...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 4 Quiz Study Guide Tough problems within global economic interconnectedness: 1. Record trade deficits for US 2. Foreign labor abuses and sweatshops 3. Offshoring of jobs 4. Infringement of intellectual property rights 5. Unsafe and unhealthy imported goods and foods International management - the pursuit of organizational objectives in international and cross-cultural settings. The Internationalization Process: 1. Licensing: Companies are authorized to produce in a foreign country 2. Exporting: Goods produced in one country can be sold in a different country. 3. Local warehousing and selling: Goods produced in one country are able to be shipped to a parent company’s facility for warehousing and marketing. 4. Local Assembly and Packaging: Components rather than finished products are shipped to a foreign company facility to be assembled and sold there. 5. Joint Ventures: A company in one country pools resources from one or more foreign companies and the profit/losses are shared appropriately. 6. Direct Foreign Investments: Typically a company in one country produces and markets products through wholly owned subsidiaries in foreign countries. Global Companies Do business in foreign countries simultaneously Have global strategies By definition: A multinational venture centrally managed from a specific country Transitional Compnaies Evolving and represent a futuristic concept By definition: a futuristic model of a global, decentralized network with no distinct national identity.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern