MDSE 2750 CH. 1-4 QUESTIONS & ANSWERS
Globalization - Answer -a process by which the people of the world are unified into a
single society influenced by a combination of economic, technological, socio-cultural
and political forces
Term that often misleads the meaning of globalization - Answer -Americanization
Americanization - Answer -the term used for the influence the United States of America
has on the culture of other countries, substituting their culture with American culture
4 factors leading to the growth of globalization - Answer --technological developments
-rising incomes
-liberalization of cross-border movements
-cooperation among countries
Liberalization of cross-border movements - Answer -Liberalization of cross-border
movements allow companies to take advantage of international opportunities because
governments believe that
(1) open economies will give consumers better access to a greater variety of goods and
services at lower prices,
(2) producers will become more efficient by competing against foreign companies,
(3) if they reduce their own restrictions, other countries will do the same
Cooperation among countries - Answer -Through the cooperation, countries attempt (1)
to gain reciprocal advantages,
(2) to attack problems they cannot solve alone,
(3) to deal with concerns that lie outside anyone's territory
10 forces that make a flattened world, aka globalization - Answer -1) Collapse of Berlin
Wall
2) Netscape
3) Workflow software
4) Open sourcing
5) Outsourcing
6) Offshoring
7) Supply chaining
8) Insourcing
9) In-forming
10) The Steroids
Other 3 major drivers of business globalization - Answer --information technology
-global tourism
-global teenagers
, Challenges of Globalization - Answer -Countries face challenges when they try to
maximize positive effects of globalization on productivity, consumption, employment, the
environment, monetary and fiscal conditions, and sovereignty while minimizing negative
ones
Opportunities of Globalization - Answer -(1) the demand for a country's product is no
longer constrained by its own markets,
(2) a country's investment is no longer constrained by what it can save itself,
(3) a country's producers can have access (at a price) to the most advanced
technology.
4 factors to be globally aware - Answer -To be globally aware is to have
(1) tolerance of cultural differences and accepting and working with others whose
behaviors may be different from yours,
(2) knowledge of cultures for understanding consumer behavior in the marketplace,
(3) knowledge of history for understanding the way people think and act in the market,
(4) knowledge of world market potential, and global economic, social, and political
trends are needed because a country's prospects can change as these trends shift
direction or accelerate
Globalization - Answer -refers to an acceptance and/or integration of concepts or
practice on a global scale. It includes two aspects: interdependence and technology
transformation.
Americanization - Answer -describes the movement during the first quarter of the 20th
century where by the immigrant in the United States was induced to assimilate
American speech, ideals, traditions and way of life.
Globalization of market - Answer -moving away from an economic system in which
nation markets are distinct entities, isolated by trade barriers and barriers of distance,
time, and culture and toward a system in which national markets are emerging into one
global market
global perspective - Answer -refers to holistic view of mankind's diversity and
interdependence, which would be able to move the individual away from an ethnocentric
thinking frame.
Ethnocentrism - Answer -belief that one's own cultural tradition or racial group is
superior to all the others. It is a kind of thinking frame toward sensitivity to human
diversity
Orientation - Answer -defined as an individual's position or attitude to set right or adjust
to the fact of an existing situation or environment.
Focus - Answer -perspective on a selective process to identify what aspect is most
important at that particular time and place.
Globalization - Answer -a process by which the people of the world are unified into a
single society influenced by a combination of economic, technological, socio-cultural
and political forces
Term that often misleads the meaning of globalization - Answer -Americanization
Americanization - Answer -the term used for the influence the United States of America
has on the culture of other countries, substituting their culture with American culture
4 factors leading to the growth of globalization - Answer --technological developments
-rising incomes
-liberalization of cross-border movements
-cooperation among countries
Liberalization of cross-border movements - Answer -Liberalization of cross-border
movements allow companies to take advantage of international opportunities because
governments believe that
(1) open economies will give consumers better access to a greater variety of goods and
services at lower prices,
(2) producers will become more efficient by competing against foreign companies,
(3) if they reduce their own restrictions, other countries will do the same
Cooperation among countries - Answer -Through the cooperation, countries attempt (1)
to gain reciprocal advantages,
(2) to attack problems they cannot solve alone,
(3) to deal with concerns that lie outside anyone's territory
10 forces that make a flattened world, aka globalization - Answer -1) Collapse of Berlin
Wall
2) Netscape
3) Workflow software
4) Open sourcing
5) Outsourcing
6) Offshoring
7) Supply chaining
8) Insourcing
9) In-forming
10) The Steroids
Other 3 major drivers of business globalization - Answer --information technology
-global tourism
-global teenagers
, Challenges of Globalization - Answer -Countries face challenges when they try to
maximize positive effects of globalization on productivity, consumption, employment, the
environment, monetary and fiscal conditions, and sovereignty while minimizing negative
ones
Opportunities of Globalization - Answer -(1) the demand for a country's product is no
longer constrained by its own markets,
(2) a country's investment is no longer constrained by what it can save itself,
(3) a country's producers can have access (at a price) to the most advanced
technology.
4 factors to be globally aware - Answer -To be globally aware is to have
(1) tolerance of cultural differences and accepting and working with others whose
behaviors may be different from yours,
(2) knowledge of cultures for understanding consumer behavior in the marketplace,
(3) knowledge of history for understanding the way people think and act in the market,
(4) knowledge of world market potential, and global economic, social, and political
trends are needed because a country's prospects can change as these trends shift
direction or accelerate
Globalization - Answer -refers to an acceptance and/or integration of concepts or
practice on a global scale. It includes two aspects: interdependence and technology
transformation.
Americanization - Answer -describes the movement during the first quarter of the 20th
century where by the immigrant in the United States was induced to assimilate
American speech, ideals, traditions and way of life.
Globalization of market - Answer -moving away from an economic system in which
nation markets are distinct entities, isolated by trade barriers and barriers of distance,
time, and culture and toward a system in which national markets are emerging into one
global market
global perspective - Answer -refers to holistic view of mankind's diversity and
interdependence, which would be able to move the individual away from an ethnocentric
thinking frame.
Ethnocentrism - Answer -belief that one's own cultural tradition or racial group is
superior to all the others. It is a kind of thinking frame toward sensitivity to human
diversity
Orientation - Answer -defined as an individual's position or attitude to set right or adjust
to the fact of an existing situation or environment.
Focus - Answer -perspective on a selective process to identify what aspect is most
important at that particular time and place.
