nothing wrong with outsourcing the company though. Jobs will be lost for Americans and they will not be happy with that but the company will be happy because you save them a lot money by outsourcing. The thing that is morally wrong is if you listen to some of your friend and decide to “cook the numbers” and lie to the company‚ which can in time can lead to you losing your job. On the other hand you may lose your job anyways when you decide to outsource because there is no guarantee that you keep your
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THE ANTECEDENTS OF THE THEORIES OF INTERNATIONAL BUSINESS History and Background International business is a broad term‚ collectively used to describe all commercial transactions (private‚ government and semi-government) that take place between two or more nations. International business is a newly coined term‚ but the concept is quite traditional. Actually‚ the term international business is derived from “international trade”. In ancient days‚ producers of a country used to export their surplus
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maintenance of a long-term strategic vision for the firm and formulating a competitive strategy in accordance with that vision. This course builds and assumes understanding by the student on functional business areas such as marketing‚ accounting‚ finance‚ and information systems. To understand how a firm can alter or develop its strategic
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International Business‚ 7e (Griffin/Pustay) Chapter 4 The Role of Culture 1) Which term refers to the collection of values‚ beliefs‚ behaviors‚ customs‚ and attitudes that distinguish one society from another? A) history B) culture C) politics D) norms Answer: B Diff: 1 Skill: Concept Objective: 1 2) In which country is nepotism valued? A) the United States B) Great Britain C) France D) China Answer: D Diff: 2 Skill: Concept Objective: 2 3) Which virtue of a job
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Understanding International Business Environments Understanding the dynamics of the international business environment is a complex process because there are so many factors that can impinge the success or otherwise of an international business. The business environment is changing and its volatility is increased by the threat of competition and changing business culture. Most importantly‚ as MNCs venture into new and unknown grounds‚ they have to carefully consider respective countries’ risks
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people. Therefore‚ there is an obvious advantage for human orientation company to build teams on the work floor. Agreeable person were found to show less voice behavior‚ i.e. making suggestions or advancing the ideas. So‚ agreeableness may not good in some situation that require difficult or object decision. For the welfare state‚ If a society does not have efficient insurance‚ there is more need of assistance on the interpersonal level. In contrast‚ they have reduce need for their members to be friendly
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CULTURAL DIVERSITY AND INTERNATIONAL BUSINESS What is International Business? International business is a term used to collectively describe all commercial transactions (private and governmental‚ sales‚ investments‚ logistics‚and transportation) that take place between two or more nations. It consists of transactions that are devised and carried out across national borders to satisfy the objectives of individuals‚ companies‚ and organizations. Usually‚ private companies undertake such transactions
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Culture is a set of shared values‚ understandings‚ assumptions‚ and goals that are learned from earlier generations‚ imposed by present members of a society‚ and passed on to succeeding generations. Culture is basically the way of life of a people: what they eat‚ the music they listen‚ how they dress‚ their meal times‚ their language and art form‚ and so on. b. Give examples if operational conflicts that could occur in a cross- cultural context because of different attitudes towards:1) time‚ 2) change
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IBE Notes L4 Ethics in International Business Definition: Business Ethics: the accepted principles of right or wrong governing the conduct of business people Ethical strategy: a strategy/course of action that does not violate these accepted principles A. source and nature of ethical issues in IB: different in political systems‚ law‚ economic development‚ culture a) 5 common ethical issues: Employment practices: establishing minimal acceptable standards that safeguard the basic rights and dignity
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and diversify simultaneously –Best companies will avoid trap of focusing on country as the primary segmentation variable International Marketing- is the performance of business activities designed to plan‚ price‚ promote‚ and direct the flow of a company’s goods and services to consumers or users in more than one nation for a profit. •An entry strategy into international market should reflect on analysis –Market characteristics •Potential sales •Strategic importance •Strengths of local resources
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