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Unformatted text preview: Most Americans managers are generally groomed for domestic market and are isolated from the global stage. As Boris Yavitz puts it, Unlike European and Asian manager, who grow up expecting to see international service, U.S. executives are required to prepare only for domestic experience, with English as their only language. Since the world is getting much smaller and MNCs are becoming a way of life, a manger must have proper orientation towards : foreign people, ideas and resources. In business, there are various theories for making decisions. Various alternatives are evaluated in the context of the organisational objectives. For this evaluation purpose, normally three approaches are considered. 1. Marginal Theory. This approach has been suggested by economists. This emphasises the maximization of profit. The profit is maximum where marginal costs of emphasises the maximization of profit....
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This note was uploaded on 12/28/2011 for the course MGMT 3303 taught by Professor Staff during the Fall '10 term at Texas State.
- Fall '10