Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 6.7, Problem 1CC
What are the factors and approaches that organizations can take when deciding to go global?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
What are the key factors that organizations need to consider when developing strategies for successful expansion into international markets?
In the context of multinational corporations, how is decision-making and strategic management impacted by the forces of globalization?
The fundamental challenge of managing the global enterprise is assessing, interpreting, and reconciling the competing imperatives to do everything the same way everywhere versus doing everything differently given different demands in different locations.
This contest is the sine qua non of management—whether expressed here in terms integation versus responsiveness, or as you likely seen elsewhere, efficiency versus effectiveness, standardization versus customization, maximization versus optimization, mechanistic versus organic, universal versus local, and so on. No matter the product provided or markets served, managers must continually find ways to navigate this dilemma.
In Module 1, you interpreted this this issue in terms of the normative versus relativist ethical outlooks. Now, in Module 2, we look at this issue in terms of global integration versus responsiveness. Indeed, interpreting the tension between global integration and local responsiveness anchors and interpretation of…
Chapter 6 Solutions
Principles of Management
Ch. 6.1 - Describe the lowering of trade barriers and its...Ch. 6.1 - What is foreign direct investment?Ch. 6.1 - What has the role of the Internet had on...Ch. 6.2 - Describe Hofstedes approach to defining national...Ch. 6.2 - Describe power distance and its implications for...Ch. 6.2 - Describe individualism versus collectivism and its...Ch. 6.2 - Sescribe uncertainty avoidance and its...Ch. 6.3 - Describe how the GLOBE tools can be used by...Ch. 6.3 - What are the similarities and differences among...Ch. 6.3 - Discuss where the United States, Malaysia, and...
Ch. 6.3 - What are the implications of the above differences...Ch. 6.3 - How can these cultural differences explain why you...Ch. 6.4 - Describe the social institutions that can provide...Ch. 6.4 - How can managers use insights from Hofstede and...Ch. 6.5 - How should training to manage cultural and...Ch. 6.5 - How should training for cross-cultural assignments...Ch. 6.6 - How and why do companies take various approaches...Ch. 6.6 - Why did Bayer Crop Science decide to move from its...Ch. 6.6 - How did Coen build support for the change? Do you...Ch. 6.6 - What challenges do you anticipate as Coen...Ch. 6.7 - Why did McDonalds choose to use strategic...Ch. 6.7 - Why is McDonalds facing challenges in India? What...Ch. 6.7 - What can McDonalds do to address Bakshis concerns?Ch. 6.7 - What can McDonalds do about Bakshis use of local...Ch. 6.7 - What are the factors and approaches that...Ch. 6.7 - Explain the term born global and why it is...Ch. 6 - Why is international management a critical area...Ch. 6 - Briefly describe the main cultural dimensions of...Ch. 6 - What is power distance? What are the implications...Ch. 6 - How is the GLOBE project different from the...Ch. 6 - What are country clusters? Pick any three clusters...Ch. 6 - Compare and contrast low-rigor versus high-rigor...Ch. 6 - What is predeparture cross-cultural training? What...Ch. 6 - What is a global strategy? When do companies...Ch. 6 - Compare and contrast a global, regional, and local...Ch. 6 - What are the various means available to companies...Ch. 6 - What are some of the sources of McDermotts...Ch. 6 - What are some of the cross-cultural differences he...Ch. 6 - What is your assessment of his lessons for...
Additional Business Textbook Solutions
Find more solutions based on key concepts
Create an Excel spreadsheet on your own that can make combination forecasts for Problem 18. Create a combinatio...
Operations Management: Processes and Supply Chains (12th Edition) (What's New in Operations Management)
What is a qualitative forecasting model, and when is its use appropriate?
Operations Management
(NPV calculation) Calculate the NPV given the following free cash flows if the appropriate required rate of ret...
Foundations Of Finance
FIFO, Perpetual Basis. Spider incorporated provided the following information regarding its inventory for the c...
Intermediate Accounting (2nd Edition)
Tennessee Tool Works (TTW) is considering investment in five independent projects, Any profitable combination o...
Engineering Economy (17th Edition)
S6-2 Determining inventory costing methods
Ward Hard ware does not expect costs to change dramatically and want...
Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card)
Knowledge Booster
Similar questions
- What are the reasons why global companies choose different organizational structures?arrow_forwardFrom an Institutional -based prespective , how are national and international policies likely to influence future paths of globalization?arrow_forwardWhat benefits might a company obtain from the globalization of markets? What global organizations have helped expand globalization?arrow_forward
- Describe a global mindset and why it has became imperative for companies operating internationally?arrow_forwardA fundamental challenge of managing the global enterprise is assessing, interpreting, and reconciling the competing imperatives to do everything the same way everywhere versus doing thing different in different locations due to different conditions. This contest is the sine qua non of management—whether expressed in terms of integration versus responsiveness, or as you likely have seen elsewhere, normative versus relativist, cost leadership versus differentiation, efficiency versus effectiveness, standardization versus customization, maximization versus optimization, mechanistic versus organic, universal versus local, and so on. No matter the product provided or markets served, managers must continually find ways to navigate this dilemma. Quickly, to recap, global integration spurs managers to build the enterprise that sells the same thing, the same way, to everyone and anyone, here, there and everywhere. Managers, therefore, look to standardize any and all activities in order to…arrow_forwardWhat is the impact of globalization on management practices, and how can managers effectively navigate the complexities of operating in a global environment?arrow_forward
- How can values, cultural competence, ethics, and understanding of international business best practices aligns with or differs from those of a MNC?arrow_forwardWhat is the global vision?arrow_forwardGlobalisation is the process by which businesses or other organizations developinternational influence or start operating on an international scale.a) Discuss the impact of globalisation on an organisation and how the impactcan be properly managedarrow_forward
- Describe a global mind-set and why it has become imperative for companies operating internationally.arrow_forwardWhat are the key factors that organizations need to consider when adapting their management strategies in response to economic integration between countries?arrow_forwardWhat are some typical stages of the MNC and is long term global perspective important ?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
