D312 Exam 1 ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS
Globalization "a process whereby worldwide interconnections in virtually every sphere of
activity are growing. Some of these interconnections lead to integration/unity
worldwide; others do not."
, Growing economic interconnectedness - Regional integration (Free trade area, no internal tariffs)
- Customs union (no internal tariffs plus common external tariffs)
- Common market (customs union plus factor mobility)
More complex and dynamic work environment -Downsizing
-Privatization
-Team-based management
-Migrants changing workforce composition
information technology advances - ease of communication
-access to info and resources
- employee work roles will need to be adjusted
More and different players on the global stage - the increased permeability of boundaries associated with globalization also
applies to illegal and terrorist activities
role of global manager - leadership
- decision-making
- communication
-negotiation
Global environment:
- Economic
- Legal
- Political
- Cultural
What is culture and how it works Culture is a set of knowledge structures consisting of systems of values, norms,
attitudes, beliefs, and behavioral meanings that are shared by members of a social
group (society) and embedded in its institutions and that are learned from
previous generations.
National Culture - Distinctive culture
-Multiple cultures can exist within country borders
-Cultural groups can span many countries
-Hofstede favors country culture
-Nations as political entities
-Official languages within nations
-Subcultures within nations
Individual differences personality
Globalization "a process whereby worldwide interconnections in virtually every sphere of
activity are growing. Some of these interconnections lead to integration/unity
worldwide; others do not."
, Growing economic interconnectedness - Regional integration (Free trade area, no internal tariffs)
- Customs union (no internal tariffs plus common external tariffs)
- Common market (customs union plus factor mobility)
More complex and dynamic work environment -Downsizing
-Privatization
-Team-based management
-Migrants changing workforce composition
information technology advances - ease of communication
-access to info and resources
- employee work roles will need to be adjusted
More and different players on the global stage - the increased permeability of boundaries associated with globalization also
applies to illegal and terrorist activities
role of global manager - leadership
- decision-making
- communication
-negotiation
Global environment:
- Economic
- Legal
- Political
- Cultural
What is culture and how it works Culture is a set of knowledge structures consisting of systems of values, norms,
attitudes, beliefs, and behavioral meanings that are shared by members of a social
group (society) and embedded in its institutions and that are learned from
previous generations.
National Culture - Distinctive culture
-Multiple cultures can exist within country borders
-Cultural groups can span many countries
-Hofstede favors country culture
-Nations as political entities
-Official languages within nations
-Subcultures within nations
Individual differences personality
