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International Management (How (Exporting, Licensing, Franchising, Joint…
International Management
international biz involves the movement of resources across national boundaries
international management is management of biz operations conducted in 1 or more countries
MNCs
revenue of 25% or more from host countries
may have subsidiaries and manufacturing facilities throughout the world
home:HQ
host:foreign country
Environments
Political-Legal
Economic
Socio-cultural
Technological
Why
To gain excess to more reliable and cheaper resources
To increase market share
To avoid tariff and import quota
How
Exporting
Licensing
Franchising
Joint Ventures
Wholly-owned subsidiaries
Context of POLC
Planning
goal may clash with economic or political system of host
Organising
international div
worldwide functional div
worldwide product div
geographic div
Leading
acquire working knowledge of languages used
understand attitudes
understanding needs that motivate people
Controlling
extensive management info system is needed
cultural and country differences
high context
build personal relationship
low context
exchange info