Chapter 2 MGT

Chapter 2 MGT - *Challenges that executive officers face:...

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*Challenges that executive officers face: 1) Globalizing the firm’s operations to compete in the global village 2) LEADING A DIVERSE WORKFORCE 3) Encouraging positive ethics, character, and personal integrity Globalization: implies that the world is free from national boundaries and that it is really a borderless world Transnational organization: an organization in which the global viewpoint supersedes national issues Guanxi: the Chinese practice of building networks for social exchange Individualism versus Collectivism - Individualism: a cultural orientation in which people belong to loose social frameworks, and their primary concern is for themselves and their families - Collectivism: a cultural orientation in which individuals belong to tightly knit social frameworks, and they depend strongly on large extended families or clans Power distance - The degree to which a culture accepts unequal distribution of power - In countries with high power distance, bosses are afforded more power simply because they are the bosses
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Chapter 2 MGT - *Challenges that executive officers face:...

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