Globalization - ANSWER The integration of markets, nation-states and technologies to
a degree never witnessed before. It is enabling individuals, corporations and nation-states to
reach around the world farther, faster, deeper and cheaper than ever before.
Global remittances - ANSWER Money is sent back home by migrants working in
foreign countries
Reverse innovation - ANSWER Innovations created for or by emerging - economy
markets and then imported to developed - economy markets
International strategy - ANSWER A firm exports a product or service to foreign
countries. the company may open production facilities or service centers, but the
product/service, processes, and strategy are developed in the home country.
Multidomestic strategy - ANSWER The organization is a decentralized portfolio of
subsidiaries. Goals and strategies are developed locally because of competitive demands.
Knowledge is shared on a local rather than global level.
Global strategy - ANSWER The firm views the world as a single, global market and
offers global products that have little or no national variation or that have been designed
with customizable elements. Strategy, ideas, and processes emanate from headquarters.
Transnational strategy - ANSWER The firm locates its value chain activities in the most
advantageous geographic locations. Subsidiaries are allowed to adapt global products and
services to local markets. Best practices and knowledge are shared throughout the
organization.
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, Offshoring - ANSWER When a company relocates processes or production to an
international location by means of subsidiaries or third-party affiliates.
High-Context Culture - ANSWER This type of culture requires a great deal of
background. They are characterized by complex, usually long-standing networks of
relationships, which are as important as work and often blur the line between business and
social lives.
Low-Context Cultures - ANSWER In this type of culture, relationships tend to have less
history. The necessary background is packaged in the communication itself.
totalization agreements - ANSWER Bilateral agreements entered into by many
countries to eliminate double taxation of citizens of one country working abroad and visas.
Repatriation - ANSWER Integrating employees back into the home country after an
international assignment; includes adjustment to the new job and readjustment to the
home culture and conditions.
Redeployment - ANSWER Process by which an organization moves an employee out of
an international assignment; can involve moving back to the home country, moving to a
different global location, or moving to a new location or position in the current host country.
Diversity of Thought - ANSWER Concept describing the presence of different types of
cognitive processes in a workplace; opposed to "groupthink" or similarity of thought
processes and opinions.
Inclusion - ANSWER The extent to which each person in an organization feels
welcomed, respected, supported, and valued as a team member.
Employee Resource Group - ANSWER A voluntary group for employees who share a
particular diversity dimension (race, religion, ethnicity, sexual orientation, etc.)
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a degree never witnessed before. It is enabling individuals, corporations and nation-states to
reach around the world farther, faster, deeper and cheaper than ever before.
Global remittances - ANSWER Money is sent back home by migrants working in
foreign countries
Reverse innovation - ANSWER Innovations created for or by emerging - economy
markets and then imported to developed - economy markets
International strategy - ANSWER A firm exports a product or service to foreign
countries. the company may open production facilities or service centers, but the
product/service, processes, and strategy are developed in the home country.
Multidomestic strategy - ANSWER The organization is a decentralized portfolio of
subsidiaries. Goals and strategies are developed locally because of competitive demands.
Knowledge is shared on a local rather than global level.
Global strategy - ANSWER The firm views the world as a single, global market and
offers global products that have little or no national variation or that have been designed
with customizable elements. Strategy, ideas, and processes emanate from headquarters.
Transnational strategy - ANSWER The firm locates its value chain activities in the most
advantageous geographic locations. Subsidiaries are allowed to adapt global products and
services to local markets. Best practices and knowledge are shared throughout the
organization.
1
, Offshoring - ANSWER When a company relocates processes or production to an
international location by means of subsidiaries or third-party affiliates.
High-Context Culture - ANSWER This type of culture requires a great deal of
background. They are characterized by complex, usually long-standing networks of
relationships, which are as important as work and often blur the line between business and
social lives.
Low-Context Cultures - ANSWER In this type of culture, relationships tend to have less
history. The necessary background is packaged in the communication itself.
totalization agreements - ANSWER Bilateral agreements entered into by many
countries to eliminate double taxation of citizens of one country working abroad and visas.
Repatriation - ANSWER Integrating employees back into the home country after an
international assignment; includes adjustment to the new job and readjustment to the
home culture and conditions.
Redeployment - ANSWER Process by which an organization moves an employee out of
an international assignment; can involve moving back to the home country, moving to a
different global location, or moving to a new location or position in the current host country.
Diversity of Thought - ANSWER Concept describing the presence of different types of
cognitive processes in a workplace; opposed to "groupthink" or similarity of thought
processes and opinions.
Inclusion - ANSWER The extent to which each person in an organization feels
welcomed, respected, supported, and valued as a team member.
Employee Resource Group - ANSWER A voluntary group for employees who share a
particular diversity dimension (race, religion, ethnicity, sexual orientation, etc.)
2
