1. The "Triad" of free-trade blocs includes all of the following except: Your Answer: Russian Federation 2. The World Economic Forum held in Davos Switzerland in 2009 had as its theme: Your Answer: "Shaping the Post-Crisis World" 3. Which country experienced the greatest growth rate in gross domestic product between 2000 and 2006? Your Answer: China 4. Which country listed below is *not* a member of CAFTA? Your Answer: Venezuela 5. Which development has
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expectation that MNC’s concern themselves with the social and economic effects of their decision regarding activities in other countries (Deresky‚ P. 41). The stance on international social responsibility consist of; assuming some responsibility for economic development in a subsidiary’s host country to taking an active role in indentifying and solving world problems (Deresky‚ P.41). Their stance is to determine how harmonious and productive its relationship will be with host countries. 2) Discuss the
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Reflective Essay- Cronulla Riots 2005 This essay will be reflecting upon how culture can influence individuals by the analysis of the Cronulla riots of 2005. It will touch on and emphasise how differing perspectives‚ thoughts‚ ideals and values are determined by a variety of cultural backgrounds and how in essence this defines each individual from the next. The experiences mentioned in this essay are of my own along with those of friends and family members that witnessed the cultural clash on December
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The term negotiation is the process of discussion by which two or more parties aim to reach a mutually acceptable agreement (Deresky 2014‚ p. 145). In chapter five this week Deresky discusses the five step process of negotiation. The steps are preparation‚ relationship building‚ the exchange of task-related information‚ persuasion‚ and concessions and agreement (Deresky 2014). Everyone uses negotiation everyday of their lives and of course negotiation is a great part of how an MNC functions and
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done by Mead indicates that effective leadership varies across cultures. The accepted image of a leader varies from one culture to the other. The modern leadership theory also recognizes that same leadership style cannot work in all situations. (Deresky‚ 2013) A leadership style which is very useful in a particular situation may not be effective in a different situation. For example‚ according to Hofstede‚ participative style of leadership‚ the most recommended leadership style by American researchers
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many observers as a key ingredient and accounts for the success of companies on world markets. Sales force: “In international business‚ consumer companies cannot operate efficiently without having best and most well- trained sales force” (Deresky‚ 2010‚ p. 378). Hence by acquiring a local employees with proper skills and adequate company’s knowledge benefits the company in an aspect of better understanding of the surrounding environment and communication advantage of common language and
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References: Deresky‚ H. (2011). International Management: Managing Across Borders and Cultures. Upper Saddle River‚ New Jersey: Prentice Hall. Edwards‚ W. (2006‚ December). Why Go Global? Franchise Marketing Tools ‚ 38-40. Segal-Horn‚ S. (2002). Global firms - heroes
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CULTURES‚ SIXTH EDITION. H. Deresky. Upper Saddle River‚ NJ: Pearson Prentice Hall (2007)‚ 512 pages. ISBN-13: 978-0136143260‚ ISBN10: 0136143261. List price: $180. Hardcover. The global business environment not only requires but also obligates businesses to develop proper management skills and abilities to plan‚ organize‚ lead‚ and control international businesses. International Management by Helen Deresky presents a very pragmatic yet theoretically grounded text. Deresky outlines the skills and abilities
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Alibaba: Competing in China and Beyond Individual Report Intercultural Management Professor: Dr. Jacobo Ramirez Aalto University School of Economics Bachelor´s Degree Program in International Business Mikkeli Campus September 3‚ 2012 Matti Uusivirta Introduction In this report I will examine the case “Alibaba: Competing in China and Beyond.” Alibaba under the leadership of Jack Ma‚ its founder has transformed into one of the most successful e-commerce companies in China. In
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Critically evaluate the relevance of cross cultural management issues within international business and discuss why companies fail to underline the need for cross cultural understanding. Introduction In today’s world‚ culture is hard to ignore. It affects the way people dress‚ what they eat‚ what religion they follow and also the places they go. Culture is essentially a set of shared beliefs‚ social norms‚ organizational roles and inherited values (Lee‚ 2005) that affects everyday life in
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