Koofers

exam 1 - Flashcards

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Class:MAN 3600 - International Business
Subject:Management
University:Florida Atlantic University
Term:Spring 2010
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international business exchange of goods, services, and money across country borders done between "social actors" for profit.
domestic 1 country
global cooperation between organizations
positive payment exporting and money inflow
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negative payment importing and money outflow
GATT General Agreement on Tariffs and Trade
WTO World Trade Organization
GNP Gross National Product
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GDP Gross Domestic Product
BOP Balance of Payments
FDI Foreign Direct Investment
Political Risk made up of... Outside of government control AND Foreign government action
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outside of government control war, terrorism,revolution, extorsions and strikes
foreign government action against ownership(confiscation, expropriation, and domestication) against operations(exchange control, local content, import restrictions, tax controls, price controls, labor problems and legal favoritism)
democracy better for companies. for the people by the people.
totalitarianism people who have power are the ones who elect the government. theocratic-religion secular-military communism-state
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economic freedom host country selection criterion
licensing minimum risk just sell formula
joint venture some risk partnership
invest in marketing and distribution some risk people will get to know your company and government wont wanna mess up because it'll cost them money.
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plan domestication last resort start networking with government and know who's who
civil law(code law) written rules, formality and bureaucracy
common law tradition, practices, and legal precedents
islamic law(muslim law) religious basis
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socialist law marx doctrine
FCPA no bribing
indirect hire an agent
direct you make contact and exchange
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subornation given to custom officers to break laws
lubrication not breaking the law but speeding up the process
1988 amendment agent's fees, customary fees to speed up exisitng procedures
intellectual property property like computer software, screenplays, musical scores or chemical formulas for new drugs that is the product of intellectual activity
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culture set of learned characteristics shared by a particular group of people; it's reflected by their behavior and this behavoir must be accepted by the group. stable uncontrollable affects people's behavoir and legal/political environment
two dangers of culture stereotyping(all people from 1 country are the same) ethnocentrism(your culture is the best)
qualitative culture descriptions informal and systematic(books, special handouts and internet)
quantitative culture measurement high/low context and hofstede's 4 dimensions
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hofstedes 4 dimensions 4 measurements to explain cultural differences. 1. individualism 2. power distance 3. uncertainty avoidance 4. masculinity
individualism ties between individuals
power distance tolerance and emphasis on human inequality
uncertainty avoidance how to deal with future and risks
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masculinity inclination to masculine values, achievement.
low context verbal part is greater than silent language they'll tell you what's up with words
high context silent language is greater than verbal part they'll use gestures and you kind of have to figure it out on your own.
context hall's way of saying silent language
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high individualism take care of yourself freedom loose ties
low individualism collectivism closely tied together in large groups
high power distance formality enhance differences between people and power tell workers from managers....distinct difference
low power distance call boss by name don't have much difference boss can't really "order" you around
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high uncertainty avoidance anxiety formal laws create security to avoid stress
low uncertainty avoidance risk takers feel secure accept whatever happens
high masculinity maximize social division between genders big is beautiful make money macho man enhance achievements
low masculinity feminine people before money low profile help others perserve environment quality of life no show offs
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marketing consumer behavior shopping habits--->high individualism colors--->high masculinity
management organizational behavior motivation, and negotiation human resources relocations, transfers, training
finance insurance--->high uncertainty avoidance
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 international businessexchange of goods, services, and money across country borders done between "social actors" for profit.
 domestic1 country
 globalcooperation between organizations
 positive paymentexporting and money inflow
 negative paymentimporting and money outflow
 GATTGeneral Agreement on Tariffs and Trade
 WTOWorld Trade Organization
 GNPGross National Product
 GDPGross Domestic Product
 BOPBalance of Payments
 FDIForeign Direct Investment
 Political Risk made up of...Outside of government control AND
Foreign government action
 outside of government controlwar, terrorism,revolution, extorsions and strikes
 foreign government actionagainst ownership(confiscation, expropriation, and domestication)
against operations(exchange control, local content, import restrictions, tax controls, price controls, labor problems and legal favoritism)
 democracybetter for companies.
for the people by the people.
 totalitarianismpeople who have power are the ones who elect the government.
theocratic-religion
secular-military
communism-state
 economic freedomhost country selection criterion
 licensingminimum risk
just sell formula
 joint venturesome risk
partnership
 invest in marketing and distributionsome risk
people will get to know your company and government wont wanna mess up because it'll cost them money.
 plan domesticationlast resort
start networking with government and know who's who
 civil law(code law)written rules, formality and bureaucracy
 common lawtradition, practices, and legal precedents
 islamic law(muslim law)religious basis
 socialist lawmarx doctrine
 FCPAno bribing
 indirecthire an agent
 directyou make contact and exchange
 subornationgiven to custom officers to break laws
 lubricationnot breaking the law but speeding up the process
 1988 amendmentagent's fees, customary fees to speed up exisitng procedures
 intellectual propertyproperty like computer software, screenplays, musical scores or chemical formulas for new drugs that is the product of intellectual activity
 cultureset of learned characteristics shared by a particular group of people; it's reflected by their behavior and this behavoir must be accepted by the group.
stable
uncontrollable
affects people's behavoir and legal/political environment
 two dangers of culturestereotyping(all people from 1 country are the same)
ethnocentrism(your culture is the best)
 qualitative culturedescriptions
informal and systematic(books, special handouts and internet)
 quantitative culturemeasurement
high/low context and hofstede's 4 dimensions
 hofstedes 4 dimensions4 measurements to explain cultural differences.
1. individualism
2. power distance
3. uncertainty avoidance
4. masculinity
 individualismties between individuals
 power distancetolerance and emphasis on human inequality
 uncertainty avoidancehow to deal with future and risks
 masculinityinclination to masculine values, achievement.
 low contextverbal part is greater than silent language

they'll tell you what's up with words
 high contextsilent language is greater than verbal part

they'll use gestures and you kind of have to figure it out on your own.
 contexthall's way of saying silent language
 high individualismtake care of yourself
freedom
loose ties
 low individualismcollectivism
closely tied together in large groups
 high power distanceformality
enhance differences between people and power
tell workers from managers....distinct difference
 low power distancecall boss by name
don't have much difference
boss can't really "order" you around
 high uncertainty avoidanceanxiety
formal laws
create security to avoid stress
 low uncertainty avoidancerisk takers
feel secure
accept whatever happens
 high masculinitymaximize social division between genders
big is beautiful
make money
macho man
enhance achievements
 low masculinityfeminine
people before money
low profile
help others
perserve environment
quality of life
no show offs
 marketingconsumer behavior
shopping habits--->high individualism
colors--->high masculinity
 managementorganizational behavior
motivation, and negotiation

human resources
relocations, transfers, training
 financeinsurance--->high uncertainty avoidance
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