304 - MGT 304 Midterm Study Questions Fall 2010 1...

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MGT 304 Midterm Study Questions Fall 2010 1) Critically discuss the advantages and disadvantages of globalization for the nations involved, incorporating specific references to text and assigned readings. a. Advantages for Developed countries: Cheaper, more efficient labor. Cheaper price. b. Disadvantages: Loss of jobs for some (exploitation), increased market competition. c. Advantages for Devloping countries: More job opportunities, increased access to diverse companies/goods, more income=more purchasing power. d. Disadvantages: Mono culture=exploitation of labor/environment, wider wage gap. 2) Tom Friedman identified three globalization eras (globalization 1.0, globalization 2.0, and globalization 3.0) and three convergences. Compare three globalization eras. What are three convergences? a. 1.0=1492-1800s. Big to Medium. Country globalization. b. 2.0=1800s-2000. Medium to Small. Company globalization. c. 3.0=2000-present. Small to Tiny. Individual /Small group globalization. Three convergences : 1. All ten flatteners converging together, thus creating “The Flat World” 2. Learning to horizontalize ourselves; going from Vertical to Horizontal 3. Opening of Indian, Chinese, Russian peoples availability to globalization (300 mil people) Main point: “There is no such thing as an American job anymore” 3) What are features of culture? What are tree analogy and iceberg analogy of culture? Explain which and how culture features are depicted by certain aspects of each analogy. The tip of the iceberg (sticking out of the water) are the EXTERNAL aspects (see, hear, touch). These are explicitly learned and easily changed. The part in the water that is not visible are INTERNAL aspects (beliefs, values, thought patterns). These are implicitly learned and difficult to change. The tree analogy: The roots are the core beliefs and commonly held assumptions. The main log is the unwritten expectations, values, and norms . Finally, the leaves are the symbols and artifacts, language and behaviors, etc. Basically the other features of culture. 4) Identify and explain each of Hofstede’s, Trompenaars’ and project globe’s cultural dimensions. Critique the dimensions used by Hofstede’s, Trompenaars’ and project globe. What are the inter-relationships between Hofstede’s, Trompenaar’s, and Project globe’s dimensions? Hofstede 1. Individualism/Collectivism. a. Me first vs. Us first b. “Either or” mentality, eventhough it could be both. US is mainly individualistic. 2. Power Distance a. “Acceptance” or not about power distance. (KEY POINT ON EXAM) b. Hofstede argues your perception of reality is closely related to your desire of reality. 3. Uncertainty Avoidance
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a. One’s desire for structure/instruction b. Indicators: Provided workplace norms, policies, laws, etc. Societies can do this to reduce uncertainty and somewhat increase conformity c. Positively related to Power Distance. 4.
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304 - MGT 304 Midterm Study Questions Fall 2010 1...

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