ch4_outline - Management Chapter 4 Managing in a Global...

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Management Chapter 4 Managing in a Global Environment I. Who owns what? II. What’s your global perspective? a. Parochialism—viewing the world solely through your own perspectives, leading to an inability to recognize differences between people b. Ethnocentric—parochialistic belief that the best work approach and practices are those of the home country c. Polycentric—managers in the host country know the best work approaches and practices for running their business d. Geocentric—world-oriented view that focuses on using the best approaches and people from around the globe III. Understanding the global environment a. Regional trading alliances i. European Union 1. 12 original members 2. Romania is now a member 3. Euro ii. North American Free Trade Agreement 1. Mexico, Canada, U.S. 2. CAFTA—U.S.-Central America Free Trade Agreement 3. FTAA—Free Trade Area of the Americas iii. Association of Southeast Asian Nations (ASEAN) iv. Other trade alliances 1. African Union 2.
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ch4_outline - Management Chapter 4 Managing in a Global...

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