MG 390 material

MG 390 material - Chapter 5: GLOBAL DIMENSIONS OF...

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

View Full Document Right Arrow Icon
GLOBAL DIMENSIONS OF MANAGEMENT CHAPTER 5 OVERVIEW Students of management must understand the global economy in order to meet the challenges of the 21 st century. Indeed, the likelihood of students engaging in or being affected by some form of international operations is extremely high. This chapter considers the obstacles and opportunities facing managers of international activities and provides practical advice for meeting these challenges. The chapter begins by considering the international business challenges of globalization. Among the challenges, students are asked to consider global management, the global economy, market entry and direct investment strategies. Next, the chapter describes multinational corporations (MNCs) and what they do. The advantages and disadvantages of MNCs for host countries are described. Ethical problems such as corruption, sweatshops and child labor are examined. Next, the chapter examines culture and its link to global diversity. Here students will learn about the details of culture through Hall’s silent language, Hofstede’s dimension of value differences and Project Globe’s nine cultural dimensions. The chapter wraps up with a look at whether management practices and learning transfer across cultures. CHAPTER 5 STUDY QUESTIONS SUMMARY What are the international business challenges of globalization? Global managers are informed about international developments, transnational in outlook, competent in working with people from different cultures, and always aware of regional developments in a changing world. The global economy is making the diverse countries of the world increasingly interdependent regarding resource supplies, product markets, and business competition. Market entry strategies of international business include of global sourcing, exporting/importing, and licensing. Direct investment strategies of international business include joint ventures and wholly
Background image of page 1

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

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

This note was uploaded on 10/14/2010 for the course MG 390 taught by Professor Borah during the Spring '10 term at North Alabama.

Page1 / 4

MG 390 material - Chapter 5: GLOBAL DIMENSIONS OF...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online