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ch03_Globalization0

ch03_Globalization0 - Chapter 3 Organizational Behavior in...

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3-1 Michael A. Hitt C. Chet Miller Adrienne Colella Chapter 3 Organizational Organizational Behavior in a Behavior in a Global Context Global Context Slides by Ralph R. Braithwaite
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3-2 McDonald’s McDonald’s Thinks Globally and Thinks Globally and Acts Locally Acts Locally What are your thoughts on McDonald’s approach to international business? What about their concept of thinking globally but acting locally. Why is it a good idea? What can other businesses learn from McDonald’s example? Exploring Behavior in Action
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3-3 Forces of Globalization Forces of Globalization Globalization – The trend toward a unified global economy involving free trade and a free flow of capital between countries Products, services, people, technologies, and financial capital move relatively freely across national borders Tariffs, currency laws, travel restrictions, immigration restrictions, and other barriers to these international flows become less difficult to manage Unified world market in which to sell products and services, and acquire resources
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3-4 Culture Culture Shared values and taken-for-granted assumptions that govern acceptable behavior and thought patterns in a country and that give a country much of its uniqueness. Thoughts? “Many fear that unique cultures around the world will disappear over time if the world becomes one unified market for goods and services.”
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3-5 Opportunities and Challenges Opportunities and Challenges Exhibit 3-1: Opportunities and Challenges for Firms with International Involvement Diversification of Risk Challenges Challenges Political Risks Political Risks Economic Risks Economic Risks Managerial Risks Managerial Risks Growth Growth Location Advantages Location Advantages Opportunities Opportunities Economies of Scale
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3-6 Risks Risks Political Risks Economic Risks Managerial Risks
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3-7 Internationally Focused Jobs Internationally Focused Jobs Individual Issues Virtual Teams Swift Trust Well suited to associates who thrive on challenge Typically member of geographically dispersed teams
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3-8
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