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Business MNGT Ch. 3
Business MNGT 221-01
| Ethnocentric attitude | Best work done in home country | ||
| Polycentric attitude | Parochialistic belief that the best work approaches and practices are those of the home country. | ||
| Geocentric attitude | World-oriented view that focuses on using the best approaches and people from around the globe. | ||
| World Bank Group | Group of five closely associated institutions that provides financial and technical assistance to develop countries. | ||
| Multinational corporation (MNC) | Broad term that refers to any and all types of international companies that maintain operations in multiple countries, | ||
| Multidomestic Corporation | Multinational Corporation that decentralizes management and other decisions to the local country. | ||
| Importing | Acquiring products made abroad and selling them domestically. | ||
| Licensing | Organization gives another organization the right to make or sell its products using its technology or product specifications. | ||
| North American Free Trade Agreement (NAFTA) | Agreement among Mexican, Canadian and U.S. in which certain barriers to trade have been eliminated. | ||
| World Trade Organization (WTO) | Global organization of 153 countries that deals with the rules of trade among nations. | ||
| International Monetary Fund (IMF) | Organization of 185 countries that promotes international monetary cooperation and and provides advice, loans, and technical assistance. | ||
| Organization for Economic Cooperation and Development (OECD) | International economic organization that helps its 30 member countries achieve sustainable economic growth and employment. | ||
| Transnational or Borderless Organization | Multinational Corporation in which artificial geographical Fbarriers are eliminated. | ||
| Global Sourcing | Purchasing materials or labor from around the world wherever it is cheapest. | ||
| Exporting | Making products domestically and selling them abroad. | ||
| Franchising | Organization gives another organization the right to use its name and operating methods. | ||
| Strategic Alliance | Partnership between an organization and one or more foreign company partner in which both share resources and knowledge in developing new products or building product facilities. | ||
| Joint Venture | Specific type of strategic alliance in which the partners agree to form a separate, independent organization for some business purpose. | ||
| Foreign Subsidiary | Directly investing in a foreign country by setting up a separate and independent production facility or office. | ||
| Planned Economy | Economic system in which economic decisions are planned by a central government. | ||
| National Culture | Values and attitudes shared by individuals from a specific country that shape their beliefs about what is important. | ||
| Global Leadership and Organizational Behavior Effectiveness (GLOBE) program. | Research program that studies cross-cultural leadership behaviors. | ||
| Cultural Intelligence | Cultural awareness and sensitivity skills. | ||
| Global Mind-Set | Attributes that allow a leader to be effective in cross-cultural environments. | ||
| Parochialism | Viewing the world solely through your own perspectives leading to an inability to recognize differences between people. | ||
| European Union (EU) | Union of 27 European nations created as a unified economic and trade entity. | ||
| Euro | Single common European currency. | ||
| Association of Southeast Asian Nations (ASEAN) | A trading alliance of 10 Southeast Asian Nations. | ||
| Global Company |
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tawania
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