Management CH. 2

Management CH. 2 - parochialism viewing the world solely...

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parochialism viewing the world solely through one's own eyes and perspectives "ours is better than theirs" ethnocentric attitude parochialistic belief that the best work approaches and practices are those of the home country don't trust foreign employees with key decisions or technology polycentric attitude employees in the host country ( the foreign country in which the organization is doing business) know the best work approaches and practices for running their business let employees in the host country figure out how to best do things geocentric attitude world oriented vie that focuses on using the best approaches and people from around the globe global view look for the best approaches and people regardless of origin regional trading alliances global competition is shaped by regional trading agreements European Union economic and political partnership of 27 democratic European countries est. 1992 before each European nation had border controls taxes and subsidies nationalistic policies and protected industries NOW barriers have been removed and the economic power represented by EU is considerable covers a population base of nearly half a billion people 31% of worlds economic output euro 15 EU members adopted the stated common currency only Denmark UK and Sweden have allowed to opt out of using the euro another step toward unification by adopting Lisbon Treaty (reform treaty) signed in Dec 2007 by heads of state of all 27 members of EU was a first step in developing a European constitution provides EU w/common legal framework and tools to meet the challenges of a rapidly changing world [including climatic and demographic changes, globalization, security, and energy] NAFTA North American Free Trade Agreement reached by Mex, US, and Can in 1992 as of 2008 it remains the largest trade bloc in the world in terms of combined GDP of it's members overall trade increased 198%
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Management CH. 2 - parochialism viewing the world solely...

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