all key management positions in an international business with parent-country nationals” (p. 531). The advantages of the ethnocentric approach are: Overcomes lack of qualified managers in host country‚ unified culture‚ and helps transfer core competencies. The disadvantages of the ethnocentric approach are: Produces resentment in host country‚ and can lead to cultural myopia. An ethnocentric approach is typically appropriate for firms utilizing an international strategy. A polycentric staffing
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International Finance SMM475 Maik Schmeling 2014 Maik Schmeling International Finance (MSc) 1 / 268 How to reach me Contact details: e-Mail: Office: Office hours: Maik.Schmeling.1@city.ac.uk 5055 Tuesday‚ 10.00 – 11.30 If you have questions regarding the content of the course you can always send me an e-mail (and expect a quick answer) or come to my office hours. Maik Schmeling International Finance (MSc) 2 / 268 Readings As a general rule‚ the slides contain
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National stereotypes and key dimensions of culture 136 Cross-cultural management 144 Culture embodied in national institutions 151 ■ Active Learning Case Culture clash at Pharmacia and Upjohn 130 ■ International Business Strategy in Action McDonald’s 135 Danone and Parmalat—going international‚ staying local 149 ■ Real Cases Do not throw your meishi! 154 Sport can be local and global: Manchester United 155 Patterns of global diversity and the implications of these differences have
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Introduction Pakistan was founded on 14 August‚ 1947 along with India when the two nations achieved independence from the British Colonial Empire. The partition of the sub continent had occurred along ethnic-religious lines with Pakistan created in those adjoining territories that had majority Muslim populations. Thus the country of Pakistan with seventy million people had above 90% Muslim population. On the other hand‚ India had a majority Hindu population but Muslims were also a sizeable second
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CASE STUDY ASSESSMENT 2: QANTAS INTERNATIONAL 1.0 INTRODUCTION All over the nation‚ news of Qantas’ restructuring of Qantas International (QI) has reached ears of many Australians and many have voiced out their concerns on the matter. Qantas International has been the weak link in the operations of Qantas group compared to its domestic‚ freight‚ low-cost carrier Jetstar and frequent flyer businesses. Qantas’ new strategy involves expanding its base of operations into the Asian region to capture
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External Relations Strategy Name Institution External Relations Strategy Companies face challenges and success at different levels during their development. Some companies may face challenges during the initial stages of development while others face challenges in the course of development. Challenges are therefore inevitable since most companies face them at certain stages. It therefore greatly depends with the speed of solving the challenges to alleviate the
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INTERNATIONAL MARKETING Once SAB Miller has decided to establish itself in the global market‚ it becomes necessary for the marketing manager to study and analyze the various options available to enter the international markets and select the most suitable one. The selection of the entry mode is one of the most significant decisions.SAB Miller takes in the process of internationalization‚ as it involves commitment of resources with long-term financial and structural implications. Mode of entry may
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PAKISTAN CHINA RELATIONS 1. Introduction 2. The India Question 3. A Deepening Military Bond 4. Bolstering Ties 5. The Balancing Act 6. Regional Cooperation Introduction Since establishing diplomatic ties in 1951‚ China and Pakistan have enjoyed a close and mutually beneficial relationship. Pakistan was one of the first countries to recognize the People’s Republic of China in 1950 and remained a steadfast ally during Beijing’s period of international isolation in the 1960s
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exploiting their resources (Tomohara & Takii 2011; Osland 2003). One argument is that MNEs have been identified as driving down working conditions and employment standards in low income countries. Hence‚ this paper will evaluate the impact of MNEs in relation to wages and working conditions in two developing countries – Indonesia and Thailand. This paper has chosen Indonesia and Thailand because these countries are the two largest economies in South East Asia and they attract a large percentage of MNEs
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The World Economy (2008) doi: 10.1111/j.1467-9701.2007.01089.x G. BIRD‚ International Original S. XXX © 2008 Articles 0378-5920 Terrorism World UK Author BLOMBERG AND © D. HESS TWECEconomy Oxford‚ The BROCKJournal compilation G. Blackwell Publishers Ltd. 2008 Blackwell Publishing Ltd International Terrorism: Causes‚ Consequences and Cures Graham Bird 1‚ S. Brock Blomberg2 and Gregory D. Hess 2 1 University of Surrey‚ UK‚ and 2 Claremont McKenna College‚ USA 1. INTRODUCTION T HERE
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