Speed of communication in US vs other countries (p 132)
American expect to give and receive information very quickly and clearly moving
through details and stages in a linear fashion to the conclusion.
o They use various media for fast messages such as Em
Appropriateness of Monitoring (or control) Systems: Those systems that will not run counter
to local practices, culture, and expectations.
Balance Sheet Approach: an approach to the compensation of expatriates that equalizes the
standard of living between
Role of mission and objectives in strategic planning process (Categories of objectives) (p181182)
Marketing: annual percentages of sales and market growth; coordination of regional
Production: quality and cost control; economies of scale; foreign
Reasons for forming the above business relationships partly on pages 218-219
To avoid import barriers, licensing requirements, and other protectionist legislation.
To share the costs and risks of the research and development of new products and
Where daily operations are delegated when ownership of venture is spread among several
partners p 233
Where ownership is divided among several partners, the parents are more likely to
delegate the daily operations of the IJV to the local IJV managementa m
Comparative Management in focus p 252 why many new emerging-market companies may
not fit with mainstream models of organization.
Exhibit 8-8 content
Many emerging market companies are avoiding the traditional roadmap to
internationalization and are inste
Characteristics of the Russian business environment as disclosed in Comparative Management in
Investigate whether a joint venture is the best strategy. If a lot of real estate is needed, it
may be better to acquire a Russian business, becau
Differences between joint ventures, international joint ventures, equity strategic alliances, nonequity strategic alliances (and examples of each type of business formation):
o A new independent entity jointly created and owned by two or mo
Importance of contact in communication process and examples of countries which are high and
low contact (p 125 and elsewhere)
High Contact Cultures: South Americans, Southern and Eastern Europeans, Indonesians
o They prefer standing close, touc
MIS Adequacy: the ability to gather timely and accurate information necessary for international
management, especially in less-developed countries.
Non-comparability of performance data across countries: The control problem caused by the
difficulty of com