will be the main development that will have impact on the business over the coming five years (Accenture‚ 2010). Their conclusion is understandable‚ as there have been a big change in the economic power ranking during the last 20 years. The BRIC (Brazil‚ Russia‚ India‚ and China) countries economy has emerged and their economical power will continue to increase pushing down the economic super powers
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The Global Environment In the past‚ managers have viewed the global sector as closed. Each country or market was assumed to be isolated from others. Firms did not consider global competition‚ exports. Today’s environment is very different. Managers need to view it as an open market. Organizations buy and sell around the world. Managers need to learn to compete globally. Tariff Barriers A tariff is a barriers to trade. Tariffs are taxes levied upon imports. These seek to protect jobs in
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3. Cross-national Cultural Differences A cultural orientation describes the attitudes of most people most of the time‚ never of all the people all of the time (Adler 2002: 22) 3.1 Introduction This chapter covers the studies that define cross-national cultural differences and shows how these cross-national cultural differences affect professional behavior in general. In § 3.2‚ a short exposition on the definition of national culture is provided‚ including the general understanding of what
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beginning with the Indians and later the blacks from Africa‚ with a total of almost 3 million slaves being brought to Brazil – also helped to define our social and physical traits‚ with a virtual abolitional process “for the English man to see” that helped with the perpetuation of the black population on poorer classes and by giving the color miscegenation that is so characteristic in Brazil‚ originating the mulatto. The objective of this essay is to enlighten the reader on how some of the particular
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Chapter 3- Emphasizing Cultures‚ Ethics and Norms Learning Objectives 1. Where informal institutions come from? 2. Define culture- 4 main categories (language‚ religion‚ social structure‚ education) 3. Cultures systematically differ from each other 4. Importance of ethics and combating corruption 5. Norms with strategic responses when forms deal with ethical challenges 6. Debates- culture‚ ethics and norms 7. Implications for action Opening Case- Cartoons that Exploded Sep 2005- ‘Jyllands
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Trade around the world Strong manufacturing base of Europe & UK in early 1900 American dominance after WW-II Bretten Woods Monetary Agreement Japan Influence post 1970 Soviet weakness Developing nations stepping up exports Entry of China/India/Mexico/Brazil Worldwide Communication Increase in and expansion of technology Liberalization of cross-border trade Development of services that support IB Growing consumer pressures Increased global competition Changing political situation Expanded cross-national
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4. John Mathis’ four recommended methods of analyzing economic risk include all of the following EXCEPT the ________ approach. A) automatic B) qualitative C) quantitative D) checklist 5. Intel is attempting to do business in Brazil‚ but the Brazilian government purposely delays granting Intel the necessary licenses and permissions required to do business in the country. Which of the following best describes this situation? A) creeping expropriation B) confiscation C) barriers
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Leadership and Organisational Behaviour Effectiveness) research project voice out reliable information for global leadership differences‚ using a hypothetical of American decision-makers that oversees the same kind of teams in Egypt‚ France‚ China‚ and Brazil to thrash out understanding and cultural implications for American decision makers. Overall countries involved in the study were five for in-depth analysis‚ and the finding where the same with GLOBE outcome‚ the purpose was to extract information
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● Growth potential as existing market is saturated: Lifecycle Metal and woodworking: Decline stage in the US but growth stage in emerging Markets (S.4) Also emerging markets continued to industrialize( → need for machine tools) And growth in Brazil is basically guaranteed till 2016 (World Cup & Olympics) ● Extending already existing market presence: WMMA continously expanded into its new markets (Switzerland‚ France(EU) and Russia) → “...acquistion of France and Switzerland brand extended channel coverage
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Main components of every civilization: 1. government and laws 2. formal religion 3. language 4. agriculture (irrigation‚ domestication of plants‚ etc) 5. specialized skills (pottery‚ clothing‚ etc) 6. trade (to acquire what you do not have and cannot make‚ but need) 7. economic system (bartering or currency‚ etc). Factors that give rise to civilization: A. Geographical location 1. All four of the major centers of early civilization (were China‚ India‚ Mesopotamia‚ and Mesoamerica) arose
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