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GLOBAL MANAGEMENT

GLOBAL MANAGEMENT. Globalization: The Collapse of Time & Distance. Global village and E-commerce the “shrinking” of time and space as air travel and the electronic media have made it much easier for the people of the globe to communicate with one another

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GLOBAL MANAGEMENT

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  1. GLOBAL MANAGEMENT

  2. Globalization: The Collapse of Time & Distance Global village and E-commerce the “shrinking” of time and space as air travel and the electronic media have made it much easier for the people of the globe to communicate with one another Total U.S. e-commerce sales are expected to top $136 B in 2007

  3. One Big World Market: The Global Economy Global economy the increasing tendency of the economies of the world to interact with one another as one market instead of many national markets

  4. One Big World Market: The Global Economy Positive effects more markets for American exports Negative effects vast surplus funds from global investments flowed into U.S. that were invested badly in subprime mortgages

  5. Major Trading Blocs Trading bloc group of nations within a geographic region that have agreed to remove trade barriers with one another also known as an economic community

  6. Major Trading Blocs NAFTA (1994) – U.S., Canada, Mexico European Union (1957)– 27 trading partners in Europe APEC – group of 21 Pacific Rim countries Mercosur – trading bloc in Latin America CAFTA – Central America

  7. Why Learn About International Management?

  8. Why Companies Expand Internationally

  9. How Companies Expand Internationally

  10. Approaches to International Management • Multilocal • Decentralized to HCN • Collection of independently operating organizations • Export Market • Parent company maintains centralized control • PCN • Global approach • Hybrid combination of multilocal and export • HCN, PCN, TCN • Tradeoff?

  11. Why Do International Managers Fail? • Ethnocentric & Parochialism • Polycentric managers • Geocentric managers • The Key success factor?

  12. Cultural Variations Language High vs. Low Context Interpersonal space Time orientation Monochronic time preference for doing one thing at a time Polychronic time preference for doing more than one thing at a time Religion Respect/formality Consensus seeking

  13. HOFSTEDE’S DIMENSIONS • Individualism vs. Collectivism • Power Distance • Uncertainty Avoidance • Masculinity vs. Femininity

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