Chapter 04, Managing in Global Environment

Chapter 04, Managing in Global Environment - MANAGING IN A...

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MANAGING IN  A GLOBAL ENVIRONMENT
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WHO OWNS WHAT? Global Environment National borders have become increasingly  irrelevant. Has potential for dramatic expansion of  organizations. Presents numerous challenges to managers.
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Challenges in Global Environment Coping with the sudden appearance of new competitors. Acknowledging political and economic differences. Dealing with increased uncertainty, fear, and anxiety. Adapting to changes in the global environment. Avoiding parochialism.
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WHAT’S YOUR GLOBAL PERSPECTIVE? Parochialism Nation views the world solely through its own eyes and perspectives. People do not recognize that other people have different ways of living  and working. Significant obstacle for global managers. Ethnocentric Attitude Belief that the  home country managers  are best in work approaches  and practices. Lack trust in foreign employees with key decisions or technology. Believe that people in foreign countries do not have the needed skill,  expertise, knowledge or experience to make the best business  decisions as the people in the home country do.
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WHAT’S YOUR GLOBAL  PERSPECTIVE? (cont’d) Polycentric Attitude Belief that  host-country managers  know the best work approaches  and practices.  Let foreign employees determine work practices. Geocentric Attitude
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This note was uploaded on 01/19/2012 for the course ECON 501 taught by Professor Ibrar during the Spring '11 term at University of the Punjab.

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Chapter 04, Managing in Global Environment - MANAGING IN A...

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