Topic 4 Sustainable Org s2 2013 (1 Slide Per Page)

Ethnocentrism best work approaches and practices come

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: . Janis Wardrop for their contributions to the materials in the Sustainability lecture. Global Perspective Geocentrism – world oriented view focusing on the best approaches and people from around the world Global perspective • Parochialism – viewing the world solely through your own eyes and perspective. • Ethnocentrism – best work approaches and practices come from the home country. • Polycentrism – managers in the host country know the best work approaches & practices. What What is International Business (IB)? “International Business is any commercial transaction that crosses the borders of two or more nations” Commercial Transactions include: Goods, Services, Technology, Intellectual Property &Capital Other Perspectives of International Business Openness associated with globalisation and internet – The rise of Multinational Corporations (MNCs) – Jobs/ wealth creation versus “race to the bottom” of labour standards (E.g. Nike sweatshops, Foxconn workers’ suicides etc) – Increase movements across borders (Link Sustainability (Link to Part 1:Creating sustainable organisations) – – – – – global warming emission trading schemes and carbon taxes renewable energy technologies and energy efficiencies “green washing” Safe practices of getting rid of commercial wastes How different is it from doing business locally? Is it more complex? Crossing Borders State Borders Cultural Borders Economic Borders (Types of Economic systems – market vs command, EU, ASEAN, NAFTA) Borders of Mind and Habit Political and Legal The politics of the situation? Who’s Law? Is the law, Law? Various Modes of Entry Foreign Direct Investment (FDI) Joint Ventures Licensing Exports Other options International Business is Different (Challenges & Opportunities) Political, Social, Cultural, Legal, Economic (PESTLE Analysis) Examples: • operating in an unfamiliar environment (E.g. Beer market in China) • Protectionism policies (E.g. Anti-dumping laws, “unfair subsidies”, Import tariffs) • Policies to attract foreign investment (E.g. FTZ in China, Low corporate tax rates i...
View Full Document

This note was uploaded on 04/08/2014 for the course MGMT 1001 taught by Professor Danielellason during the Two '09 term at University of New South Wales.

Ask a homework question - tutors are online