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Each of these has varying levels of recognition of how diverse one culture is relative to another with the ethnocentric mindset being the most biased towards ones' own culture being the best. The one that sees a more accurate view of globalization is polycentric which sees the unique values of each culture on its own merits. Globalization has also seen the growth of geocentric and regoicentric mindsets as companies expand faster than people can assimilate to new cultures.
b. Give an example of a truly global/transnational company. Explain why this company fits in that category.
Coca-Cola is an ideal example of a company that is global and transnational given its presence in over 160 nations and the use of regional and in-country bottlers. Coca-Cola also has a significant supply chain across each of the countries it operates in globally as well.
c. What do you know about the level of internationalization of a business and its effectiveness?
The optimal performance is when internationalization reaches between 60-80%. This is the peak of a curvilinear relationship.
6. Many international and global institutions exist to facilitate the coordination and effective functioning of the global economy. Very briefly, describe the purpose of the following organizations: World Economic Forum, APEC, OPEC, WTO, G7 (8), G20, and OECD.
7. When conducting a CBRA to determine the attractiveness of a particular country, companies must also consider issues related to CSR and business ethics. In addressing the following questions, make sure to consider the Nike and Pharma...
What is CSR? How is business ethics different from CSR? Why do business ethics and CSR become an even bigger issue when companies operate internationally?
CSR is Corporate Social Responsibility and refers to the initiatives and programs companies put in place to ensure their business is taking an active, positive role in a given nation. Ethics are broader and more strategic to any business in that they define the applicable laws and cultural norms in the countries a company chooses to participate in. Ethics also vary across cultures. Managers and executives need to be able to understand these cultural differences to do well. The issue of ethics and CSR have become big issues when companies operate globally because many of them have ignored them to this point, as is the case with Nike and pharma companies. CSR programs often surpass the ethical requirements of a business as many companies use these programs to further show good faith of expanding into global markets.
b. What is a stakeholder map and what is it used for? Give an example.
A stakeholder map shows all the parties that have influence on, or influenced by, a business or organization. It's used to get a clear picture of the relationships, coalitions, interests, powers, and responsibilities. It helps in developing specific strategies and tactics, and in monitoring shifting coalitions. Nike example would include employees, customers, shareholders, media, trade and customs enforcements, NGOs.
c. What guidelines for ethical behavior can we use in business? Describe how you would ensure that
Global organizations occasionally put forth great labors to administer their expatriate workers while on an overseas job, but show modest concern for their repatriation, which should at all times be part of the entire course (Trudel, 2009). Coping with matters that are not related to work is a characteristic of Human Resource Management (HRM) that is more pertinent to expatriate HR function rather than domestic HR functions. In a study
International Management When businesses go international, they have to face a number of issues and challenges from their external environment. The international business environment is much more complex and multifaceted than local environment. Business organizations have to deal with a number of environmental forces that directly or indirectly affect their business operations. These forces include political forces, economic forces, social, cultural, and demographical factors, technological forces, and competitive forces (Loudon, Stevens,
This is attractive because Russia has long been industrialized, so its managers and workers are capable of functioning in that environment. There are many natural resources that firms can take advantage of as well. Additionally, Russia is a gateway to other markets with which it has close trade ties, throughout the former Soviet Union. India India is the second most-populous country in the world with 1.2 billion and may eventually overtake
) in addition, the number of bribe requests can be taken as a proxy for the external communication of Conoco's ethical standards. Internally, the quality of the competition in future years can be used as an indicator of success. As well, the number of incidents reported where Conoco employees have exhibited questionable ethics is another measure that can be used to evaluate the success of this program. Also, calls to
As one analyst points out: "it owns neither content nor the delivery mechanism. Though a global business, it has no geographical control anywhere in the world. Since nearly all its consumer services are free, it doesn't have the power to raise prices and has no ability to exclude competitors or somehow block access to competing services. It operates in an environment of healthy competition" (Ulanoff 2009). On the other
He should never had traded the stock if he was not prepared to accept the risk, or did not personally have belief in the stock's prospects. It is irresponsible to trade stock based on the recommendations of television analysts. In a moral sense, Rick Stedman, if he was indeed committing a pump-and-dump, knew that some viewers may suffer adverse consequences. However, the limits of his moral responsibility are with his