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Related Flashcards
Related Topics
Cards In This Set
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Global village
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Refers to the shrinking of time and space as air travel and the electronic media have made it easier for the people of the globe to communicate with one another
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E-commerce
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The buying and selling of products and services through computer networks
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Global economy
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Refers to the increasing tendency of the world to interact with one another as the market instead of many national markets
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Megamergers
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Companies merging with other big companies AOL - Walt Disney etc...
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Minifirms
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Small companies can get started more easily-
Small companies can maneuver faster
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Robert Half
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Who said "Anyone with international experience will have a leg up, higher salary, and be more marketable
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Multinational corporation
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A business firm with operations in several countries
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Multinational organization
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A nonprofit organization with operations in several countries
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Ethnocentric managers
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Believe that their native country, culture, language, and behavior are superior to all others
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Parochialism
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A narrow view in which people see things solely through their own perspective
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Geocentric Managers
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Accept that there are differences and similarities beween home and foreign personnel and practices they use whatever techniques are best
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Why companies expand internationally
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availability of supplies – new markets – lower labor costs – access to finance capital – avoidance of Tariffs and import quotas
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Maquiladoras
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Manufacturing plants allowed to operate in mexico with special privileges in return for employing Mexican citizens
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Outsourcing
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Using suppliers outside the company to provide goods and services
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Global outsourcing
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Using suppliers outside the united states to provide labor, goods or services
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