1318955627_37__Week%252B8%252BSlides

1318955627_37__Week%252B8%252BSlides - Survey of...

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Mid-Term Summary Survey of International Business 12/05/11 1 330G Mid-Term Summary
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Course positioning -- Level of study Economics vs. management/business International trade vs. int’l business 12/05/11 2 330G Mid-Term Summary
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General v.s. functional: Accounting Human resources management Marketing Operations management Entrepreneurship Financing …… 12/05/11 3 330G Mid-Term Summary
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Driving forces behind globalization Technology Resource movement Service support Consumer demand Competition Political change cross-national cooperation 12/05/11 4 330G Mid-Term Summary
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The flipside of globalization national sovereignty environment inequality and personal stress 12/05/11 5 330G Mid-Term Summary
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Motives for international business: sales (market) resources (raw material, labor, capital, technology… risk minimizing (exchange rate, tax haven…) 12/05/11 6 330G Mid-Term Summary
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7 International Entry Modes Licensing (allows a foreign firm to purchase the right to manufacture and sell the firm’s products within a host country or set of countries) Franchising (a special form of licensing) Joint Venture : jointly set up a third legal entity ( both sides selling something to this third party ) Acquisition Wholly owned subsidiary (green-field investment) 12/05/11 330G Mid-Term Summary
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Cost (Capital at Risk) Control Exporting Licensing Franchising Joint Venture Greenfield Investment Low High High Acquisition Modes of operations: the Cost – Control Tradeoff --- Escalating international commitment 8 12/05/11 330G Mid-Term Summary
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Cultural Impact on International Business 12/05/11 9 330G Mid-Term Summary
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“…culture is the collective programming of the mind which distinguishes the members of one human group from another . .. Culture, in this sense, includes systems of values ; and values are among the building blocks of culture” 12/05/11 10 330G Mid-Term Summary Hofstede (1984: 21) text: p. 8
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Cultural differences Time Orientation Long-term Short-term Goal Orientation Aggressive Passive Uncertainty Orientation Acceptance Avoidance Power Orientation Tolerance Respect Social Orientation Individualism Collectivism (Hofstede, 1980) 12/05/11 11 330G Mid-Term Summary
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The international manager has to decide how far cultural factors influence any one event, and how far culture has to be taken into account against other factors. 12/05/11 12 330G Mid-Term Summary
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How culture influences business Impacts on different management fields, e.g., HRM, Finance; practices, e.g., dispute resolution, contract. 12/05/11 13 330G Mid-Term Summary
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Technological Legal Political Economic Social, Cultural or Demographic International or global Competitors Customers Labor Suppliers The firm’s Internal Environment 12/05/11 14 330G Mid-Term Summary
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330G Mid-Term Summary 15 Dealing with cultural differences Do not take it personally Compare vs. evaluate No “right” or “wrong” culture No “good” or “bad” culture
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This note was uploaded on 12/05/2011 for the course MGMT 330G taught by Professor Francissun during the Fall '11 term at Utah Valley University.

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1318955627_37__Week%252B8%252BSlides - Survey of...

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