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GLOBAL ENVIRONMENT (How to go International (Global Sourcing (Purchasing…
GLOBAL ENVIRONMENT
How to go International
Global Sourcing
Purchasing materials and labor from around the world wherever it is cheapest
Exporting
Making products domestically and selling them abroad
Importing
Acquiring products made abroad and selling them domestically
Licensing
Giving another organization the right to use its brand name
Global attitudes
Ethnocentric attitudes
the best work approaches and practices are those of the home country
Polycentric attitudes
employee in the host country know the best work approaches and practices
Geocentric attitudes
A world-oriented view that focuses on using the best approaches and people around the globe
Important factors
Political/legal environment
Economic environment
free market economy
planned economy
Cultural environment
individualistic
power distance
uncertainty avoidance
Achievement
period orientation
Global Environment
Regional trading alliences
European Union(EU)
NAFTA
ASEAN
Global trade mechanism
WTO
International Monetary Fund (IMF)
World Bank
OECD
Challenges of today
The challenge of openness
Assertiveness
Future orientation
Gender differentiation
Uncertainty avoidance
Power distance
Challenges of managing a global workspace
Cultural Intelligences
Knowledge
Minfulness
Behavior skills
Global mindset
Intelectual capital
Psychological capital
Social capital
International Organizations
Multinational Corporation(MNC)
Multidomestic corporation
Decentralizes management and other decisions to the local country
Global company
Centralizes its management and other decisions in the home country
Transnational, or borderless organizations
Use an arrangement that eleiminate artificial geological barriers