18. What are the components of a creative work environment? Creative thoughts and ideas used to jumpstart innovation 19. What is meant by design iterations? Which phase in the technology cycle does this occur? Cycle of repetition in which a company tests a prototype of a new product, first 20. Which of the sources of resistance to change? Self-interest, misunderstanding, distrust, and general intolerance to change 21. What approach to change is aimed at changing large systems, small groups, or individuals? Unfreezing 22.What re the three steps in the basic process of managing organizational change outlined by Kurt Lewin? Unfreezing, change intervention, refreezing 23. What is meant by direct foreign investment? When a company builds a new business or buys an existing business in a foreign country 24. What does it mean to be a multinational corporation? Own businesses in two or more countries 25. Be able to identify different types of trade barriers (tariffs direct tax on imports , quotas specific limits on import volume , voluntary export restraints limit amt imported annually , government import standards protect health and safety of citizens , subsidies develop and protect companies in special industries , custom classifications over 9000 categories a customs agent can deem a product as ).
26. What is the purpose of regional trading zones? Areas in which tariff and non tariff barriers are reduced or eliminated 27. What is the difference between global consistency involves risk of using management procedures poorly suited to particular countries and local adaptation involved risk of losing the cost effectiveness and productivity? 28. Be able to recognize the different approaches to globalization (exporting selling domestically made products to foreign countries , cooperative contracts , i.e. licensing a domestic company receives payments for allowing another company to produce its product and sell it and franchising collection of networked firms in which the manufacturer or marketer licenses the entire business to a person or organization , strategic alliances , joint ventures 2 existing companies form a third company together , wholly owned affiliates 100% owned by parent company ). 29. Be able to recognize the different types of uncertainty (political risk of major changes in political regimes that can cause war, revolution etc and policy risk associated with changes in taxes and govt policies ) when considering where to locate.
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