Edrftgyihu jiuh
International
ST
Business, 3rd Edition
UV
SOLUTIONS
IA
MANUAL
?_
AP
J. Michael Geringer, Jeanne M. McNett
PR
OV
Comprehensive Solutions Manual for Instructors
and Students
||| ||| || ||| || | || ||| | || ||| |
ED
McGraw Hill
?
© J. Michael Geringer & Jeanne M. McNett. All rights
?
reserved. Reproduction or distribution without
permission is prohibited.
, Solution Manual for
International Business, 3rd Edition Geringer
Chapter 1-13
ST
Chapter 1
UV
Module 1: The Challenging Context of International
Business
IA
Your Content
Summary
?_
Learning Objectives
Key Terms and Definitions
Content Outline
AP
Engagement and Application
Boxed Text Discussion Questions With Suggested Answers
IB in Practice
PR
Global Debate
Get That Job! From Backpack to Briefcase
End of Module Exercises
OV
Critical Thinking Questions
globalEDGE Research Task
MiniCase
Bonus Activities
ED
Video Suggestions
Team Exercises
Supplemental Activities
??
Controversial Issues
Teaching Suggestions
Connect Tools for Assessment of Learning
Connect Content Matrix
01-1
©McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written
consent of McGraw Hill LLC.
, Connect Activities
Your Content
Summary
ST
This module provides an overview of international business (IB) and some of the ways that IB
differs from domestic business, including the three environments of IB: domestic, foreign, and
international. Although the kinds of forces are the same in the domestic and foreign
UV
environments, their values often differ and changes in the values of the foreign forces can be at
times more difficult to assess. In addition to providing a brief review of the history of IB, the
module discusses the internationalization of business in recent decades and the driving forces
that are leading firms to internationalize their operations. The increasing internationalization of
business requires managers to have a global perspective gained through experience and
IA
education. Because global competition continues to increase at a rapid pace, both in terms of
trade and foreign direct investment, we also present key arguments for and against the
globalization of business, helping to foster a more balanced view on this important topic.
?_
Learning Objectives
LO 1-1 Show how international business differs from domestic business.
AP
LO 1-2 Describe the history and future of international business.
LO 1-3 Discuss the dramatic internationalization of business.
LO 1-4 Identify the kinds of drivers that are leading firms to internationalize their
operations.
PR
LO 1-5 Compare the key arguments for and against the globalization of business.
Key Terms and Definitions
OV
controllable forces (p. 6) Internal forces that management administers to adapt to
changes in the uncontrollable forces
domestic environment (p. 6) All the uncontrollable forces originating in the home
country that surround and influence the life and
ED
development of the firm
economic globalization (p. 17) The tendency toward an international integration and
interdependency of goods, technology, information, labor
and capital, or the process of making this integration
??
happen
environment (p. 5) All the forces influencing the life and development of the
firm
01-2
©McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written
consent of McGraw Hill LLC.
, exporting (p. 12) The transportation of any domestic good or service to a
destination outside a country or region
foreign affiliate (p. 6) A company controlled by another company that is located
in a foreign land, and this control may be exercised by a
ST
variety of means, both those involving stock ownership
and those involving nonownership mechanisms
foreign business (p. 5) The operations of a company outside its home or domestic
market
UV
foreign direct investment Direct investments in equipment, structures, and
(FDI) (p. 12) organizations in a foreign country at a level sufficient to
obtain significant management control; does not include
mere foreign investment in stock markets
IA
foreign environment (p. 6) All the uncontrollable forces originating outside the home
country that surround and influence the firm
importing (p. 12) The transportation of any good or service into a country or
?_
region, from a foreign origination point
international business (p. 4) Business that is carried out across national borders
international company (IC) A company with operations in multiple nations
AP
(p. 5)
international environment (p. Interaction between domestic and foreign environmental
7) forces, as well as interactions between the foreign
environmental forces of two countries
PR
multinational corporation (p. A corporation that owns or controls the production of
10) goods or services in at least one nation outside its home
nation
An enterprise made up of entities in more than one nation,
OV
multinational enterprise (p. operating under a decision-making system that allows a
11) common strategy and coherent policies
self-reference criterion (p. 8) Unconscious reference to your own cultural values when
judging behaviors of others in a new and different
ED
environment
uncontrollable forces (p. 5) The external forces that management has no direct control
over
??
01-3
©McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written
consent of McGraw Hill LLC.
International
ST
Business, 3rd Edition
UV
SOLUTIONS
IA
MANUAL
?_
AP
J. Michael Geringer, Jeanne M. McNett
PR
OV
Comprehensive Solutions Manual for Instructors
and Students
||| ||| || ||| || | || ||| | || ||| |
ED
McGraw Hill
?
© J. Michael Geringer & Jeanne M. McNett. All rights
?
reserved. Reproduction or distribution without
permission is prohibited.
, Solution Manual for
International Business, 3rd Edition Geringer
Chapter 1-13
ST
Chapter 1
UV
Module 1: The Challenging Context of International
Business
IA
Your Content
Summary
?_
Learning Objectives
Key Terms and Definitions
Content Outline
AP
Engagement and Application
Boxed Text Discussion Questions With Suggested Answers
IB in Practice
PR
Global Debate
Get That Job! From Backpack to Briefcase
End of Module Exercises
OV
Critical Thinking Questions
globalEDGE Research Task
MiniCase
Bonus Activities
ED
Video Suggestions
Team Exercises
Supplemental Activities
??
Controversial Issues
Teaching Suggestions
Connect Tools for Assessment of Learning
Connect Content Matrix
01-1
©McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written
consent of McGraw Hill LLC.
, Connect Activities
Your Content
Summary
ST
This module provides an overview of international business (IB) and some of the ways that IB
differs from domestic business, including the three environments of IB: domestic, foreign, and
international. Although the kinds of forces are the same in the domestic and foreign
UV
environments, their values often differ and changes in the values of the foreign forces can be at
times more difficult to assess. In addition to providing a brief review of the history of IB, the
module discusses the internationalization of business in recent decades and the driving forces
that are leading firms to internationalize their operations. The increasing internationalization of
business requires managers to have a global perspective gained through experience and
IA
education. Because global competition continues to increase at a rapid pace, both in terms of
trade and foreign direct investment, we also present key arguments for and against the
globalization of business, helping to foster a more balanced view on this important topic.
?_
Learning Objectives
LO 1-1 Show how international business differs from domestic business.
AP
LO 1-2 Describe the history and future of international business.
LO 1-3 Discuss the dramatic internationalization of business.
LO 1-4 Identify the kinds of drivers that are leading firms to internationalize their
operations.
PR
LO 1-5 Compare the key arguments for and against the globalization of business.
Key Terms and Definitions
OV
controllable forces (p. 6) Internal forces that management administers to adapt to
changes in the uncontrollable forces
domestic environment (p. 6) All the uncontrollable forces originating in the home
country that surround and influence the life and
ED
development of the firm
economic globalization (p. 17) The tendency toward an international integration and
interdependency of goods, technology, information, labor
and capital, or the process of making this integration
??
happen
environment (p. 5) All the forces influencing the life and development of the
firm
01-2
©McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written
consent of McGraw Hill LLC.
, exporting (p. 12) The transportation of any domestic good or service to a
destination outside a country or region
foreign affiliate (p. 6) A company controlled by another company that is located
in a foreign land, and this control may be exercised by a
ST
variety of means, both those involving stock ownership
and those involving nonownership mechanisms
foreign business (p. 5) The operations of a company outside its home or domestic
market
UV
foreign direct investment Direct investments in equipment, structures, and
(FDI) (p. 12) organizations in a foreign country at a level sufficient to
obtain significant management control; does not include
mere foreign investment in stock markets
IA
foreign environment (p. 6) All the uncontrollable forces originating outside the home
country that surround and influence the firm
importing (p. 12) The transportation of any good or service into a country or
?_
region, from a foreign origination point
international business (p. 4) Business that is carried out across national borders
international company (IC) A company with operations in multiple nations
AP
(p. 5)
international environment (p. Interaction between domestic and foreign environmental
7) forces, as well as interactions between the foreign
environmental forces of two countries
PR
multinational corporation (p. A corporation that owns or controls the production of
10) goods or services in at least one nation outside its home
nation
An enterprise made up of entities in more than one nation,
OV
multinational enterprise (p. operating under a decision-making system that allows a
11) common strategy and coherent policies
self-reference criterion (p. 8) Unconscious reference to your own cultural values when
judging behaviors of others in a new and different
ED
environment
uncontrollable forces (p. 5) The external forces that management has no direct control
over
??
01-3
©McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written
consent of McGraw Hill LLC.
