chapter8 - policies, and procedures Local Adaptation When a...

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1 Chapter 8 Global Management B-books, Ltd. MGMT Chuck Williams
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2 What Is Global Business? Global Business The buying and selling of goods and services by people from different countries. 1
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3 The Impact of Global  Business Multinational Corporation A corporation that owns businesses in two or more countries. Direct Foreign Investment A method of investment in which a company builds a new business or buys an existing business in a foreign country. 1.1
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4 Trade Barriers Nontariff Barriers Tariff Voluntary export restraints Government import standards Customs valuation / classification Quotas Government subsidies 1.2
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5 Trade Agreements Regional Trading Zones General Agreement on Tariffs and Trade Maastricht Treaty of Europe NAFTA ASEAN and APEC CAFTA 1.3
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6 Consistency or Adaptation? Global Consistency When a multinational company has offices/plants in different countries and uses the same rules, guidelines,
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Unformatted text preview: policies, and procedures Local Adaptation When a multinational company modifies its rules, guidelines, policies, and procedures to adapt to differences in foreign customers, governments, and regulatory agencies 2 7 Forms for Global Business Cooperative Contracts Strategic Alliances Exporting Wholly Owned Affiliates Global New Ventures 3 8 Finding the Best Business Climate Access to Growing Markets Location to Build Minimal Political Risk 4 9 Becoming Aware of Cultural Differences Cultural Dimensions (Geert Hofstede) Power distance Individualism Masculinity and femininity Uncertainty avoidance Short-term/long-term orientation 5 10 Preparing for an International Assignment Language and Cross-Cultural Training Consideration of Spouse, Family, and Dual-Career Issues 6...
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chapter8 - policies, and procedures Local Adaptation When a...

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