International business pearson pdf

 
    Contents
  1. International Business, 4th Edition
  2. International Business, Global Edition
  3. International Business Law, 6th Edition
  4. Free International Business eBooks Download

International business: competing in the global marketplace/Charles W. L. Hill. Charles W. L. Hill is the Hughes M. Blake Professor of International Business at. International Business PDF eBook, Global Edition by John Daniels, Lee Radebaugh, Daniel Sullivan. Full file at stocuntutensa.tk Test-Bank International Business: Environments and Operations, 16e (Daniels et al.) and multicultural work environments 1 Copyright © Pearson Education.

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International Business Pearson Pdf

Alan M. Rugman is Professor of International Business and L. Leslie Waters .. and troubleshooting For more information please contact your local Pearson. PDF | This book presents international business in a comprehensive yet The Challenges of Globalization, Canadian Edition, Pearson. Lecturer at Brandeis University, International Business School in Boston, US Currently teaching courses in international business, global strategy and Rugman, A & Collinson, S , International business, Pearson Education, Harlow. Available from: stocuntutensa.tk stocuntutensa.tk

Overlaying alternatives: choice of countries, organization and control mechanisms Physical and social factors[ edit ] Geographical influences: There are many different geographic factors that affect international business. These factors are: the geographical size, the climatic challenges happening throughout the world, the natural resources available on a specific territory, the population distribution in a country, etc. Legal policies: domestic and international laws play a big role in determining how a company can operate overseas. Behavioral factors: in a foreign environment, the related disciplines such as anthropology, psychology, and sociology are helpful for managers to get a better understanding of values, attitudes, and beliefs. Economic forces : economics explains country differences in costs, currency values, and market size. The use of conventional SWOT analysis , market research , and cultural research, will give a firm appropriate tools to reduce risk of failure abroad. Risks that arise from poor planning include: large expenses in marketing, administration and product development with no sales ; disadvantages derived from local or federal laws of a foreign country, lack of popularity because of a saturated market , vandalism of physical property due to instability of country; etc. There are also cultural risks when entering a foreign market. Lack of research and understanding of local customs can lead to alienation of locals and brand dissociation. As such, they are key matters for the board and impinge on the whole business, rather than just an isolated unit. If the expenditures and costs are controlled, it will create an efficient production and help the internationalization. The government might be corrupt , hostile, or totalitarian ; and may have a negative image around the globe. A firm's reputation can change if it operates in a country controlled by that type of government. Elections or any unexpected political event can change a country's situation and put a firm in an awkward position. Political risk tends to be greater in countries experiencing social unrest.

A modified significantly between childhood and adulthood B altered during adulthood through imposition C affected primarily by teenage peer pressure D acquired mainly during early childhood Answer: D Diff: 2 Skill: Concept Objective: Grasp the major causes of national cultural formation and change AACSB: Diverse and multicultural work environments 23 Which of the following is a reason for global companies to NOT take religious beliefs into account?

A Religion has an impact on almost every business function.

B A company could get in trouble with local religious authorities. D Religion may influence consumer behavior. A The largest portion of global output is in English-speaking countries. C English is the official national language in most countries where FDI is encouraged.

A it is less frequently used than French in international business B there is a growing disagreement over which version of English to use, e. A cultural diffusion is a two-way process B cultural trends come from emerging nations C existing national borders are shifting D material cultures are becoming universal Answer: A Diff: 2 Skill: Application Objective: Grasp the major causes of national cultural formation and change AACSB: Diverse and multicultural work environments 32 American hamburgers, Japanese sushi, Italian pizza, Mexican tacos, and Middle Eastern pita bread are now commonly found in most countries.

A people in the port cities have more contact with foreigners B the coastal area has to trade with countries using different religious holidays C the coastal area has a culture with a higher uncertainty avoidance D the coastal area is secular, whereas the interior of Saudi Arabia has a state religion Answer: A Diff: 2 Learning Outcome: Explain how differences in culture affect the international business environment Skill: Concept Objective: Grasp the major causes of national cultural formation and change AACSB: Diverse and multicultural work environments 34 Cultural change may come by choice or imposition.

Answer: TRUE Diff: 2 Learning Outcome: Explain how differences in culture affect the international business environment Skill: Concept Objective: Grasp the major causes of national cultural formation and change AACSB: Diverse and multicultural work environments 37 Change agents intentionally cause or accelerate social and cultural change.

How do such cultural differences affect business practices for international firms? Answer: Cultures such as those in Northern Europe are called monochronic. People prefer to work sequentially, such as finishing with one customer before dealing with another. Conversely, polychronic Southern Europeans are more comfortable working simultaneously with all the tasks they face.

Such cultural differences affect the degree of multitasking with which people are comfortable. International companies and individuals must evaluate their business and personal practices to ensure that their behavior may fit with the culture. A a desire to convert productivity gains into more leisure time B an adherence to some attributes that lead to economic growth C the belief that material success is related to salvation D the degree of ethnocentrism exhibited in a culture Answer: B Diff: 2 Skill: Concept Objective: Discuss major behavioral factors influencing countries' business practices AACSB: Diverse and multicultural work environments 42 Which of the following is an example of an acquired group membership?

A power distance B fatalism C individualism D self-actualization Answer: A Diff: 2 Learning Outcome: Explain how differences in culture affect the international business environment Skill: Concept Objective: Discuss major behavioral factors influencing countries' business practices AACSB: Diverse and multicultural work environments 47 Which of the following is characterized by low dependence on an organization and a desire for personal time, freedom, and challenges?

Which of the following would most likely motivate the firm's Japanese employees? A low uncertainty avoidance B high future orientation C low masculinity D high power distance Answer: B Diff: 2 Learning Outcome: Explain how differences in culture affect the international business environment Skill: Application Objective: Discuss major behavioral factors influencing countries' business practices AACSB: Diverse and multicultural work environments 53 Raj, an engineer, works long hours and takes full responsibility for both his good and bad work performance.

A pragmatic B idealistic C fatalistic D high-context Answer: D Diff: 1 Learning Outcome: Explain how differences in culture affect the international business environment Skill: Concept Objective: Discuss major behavioral factors influencing countries' business practices AACSB: Diverse and multicultural work environments 55 A culture in which people prefer to finish one task before starting another is most accurately characterized as which of the following?

A relativism B monochronic behavior C pragmatism D uncertainty avoidance Answer: C Diff: 1 Learning Outcome: Explain how differences in culture affect the international business environment Skill: Concept Objective: Discuss major behavioral factors influencing countries' business practices AACSB: Diverse and multicultural work environments 58 National origin is an acquired group membership.

Answer: FALSE Diff: 2 Skill: Concept Objective: Discuss major behavioral factors influencing countries' business practices AACSB: Diverse and multicultural work environments 59 There is a strong correlation between the intensity of religious belief and attributes that lead to economic growth, such as obeying laws and thriftiness. Answer: TRUE Diff: 2 Skill: Concept Objective: Discuss major behavioral factors influencing countries' business practices AACSB: Diverse and multicultural work environments 60 In a country with a high masculinity score, people have a tendency to feel sympathy towards individuals who are unemployed or homeless.

Answer: FALSE Diff: 1 Learning Outcome: Explain how differences in culture affect the international business environment Skill: Concept Objective: Discuss major behavioral factors influencing countries' business practices AACSB: Diverse and multicultural work environments 63 In societies where trust is high, there tends to be a lower cost of doing business. Answer: TRUE Diff: 2 Learning Outcome: Explain how differences in culture affect the international business environment Skill: Concept Objective: Discuss major behavioral factors influencing countries' business practices AACSB: Diverse and multicultural work environments 64 A culture in which people prefer to handle tasks sequentially is a polychronic culture.

Answer: FALSE Diff: 1 Learning Outcome: Explain how differences in culture affect the international business environment Skill: Concept Objective: Discuss major behavioral factors influencing countries' business practices AACSB: Diverse and multicultural work environments 65 Although countries are similar in terms of having a mandatory retirement age, they differ in what that age is.

Answer: TRUE Diff: 2 Learning Outcome: Explain how differences in culture affect the international business environment Skill: Concept Objective: Discuss major behavioral factors influencing countries' business practices AACSB: Diverse and multicultural work environments 66 Where future orientation is high, people are more willing to delay gratification by investing.

Answer: FALSE Diff: 1 Learning Outcome: Explain how differences in culture affect the international business environment Skill: Concept Objective: Discuss major behavioral factors influencing countries' business practices AACSB: Diverse and multicultural work environments 68 Geocentrism is the preferred approach to international business practices for most global firms.

International Business, 4th Edition

Answer: TRUE Diff: 2 Learning Outcome: Explain how differences in culture affect the international business environment Skill: Concept Objective: Discuss major behavioral factors influencing countries' business practices AACSB: Diverse and multicultural work environments 69 In a short essay, describe the various affiliations upon which a person's status can be based and discuss how social stratification affects such business functions as marketing and employment practices.

Answer: a. A person's status is partly determined by individual factors and partly by the person's affiliation or membership in a given group. Affiliations determined by birth—known as ascribed group memberships—include those based on gender, family, age, caste, and ethnic, racial, or national origin. Affiliations not determined by birth are called acquired group memberships and include those based on religion, political affiliation, and professional and other associations.

Social stratification affects marketing as companies choose to use people in their advertisements whom their target market admires or associates with. Further, stratification affects employment practices such as hiring, promotion, compensation, and staff-reduction. Employers in different countries are differently influenced by social stratification as they make employment decisions.

Materialism and Leisure: Historically, there is strong evidence that the desire for material wealth is a prime incentive for the work that leads to economic development. Expectation of Success and Reward: Generally, people have little enthusiasm for efforts that seem too easy or too difficult, where the probability of either success or failure seems almost certain. The greatest enthusiasm for work exists when high uncertainty of success is combined with the likelihood of a very positive reward for success and little or none for failure.

Masculinity-Femininity Index: The average interest in career success varies substantially among countries. In one study, employees with a high masculinity score were those who admired the successful achiever, had little sympathy for the unfortunate, and preferred to be the best rather than be on a par with others. Needs Hierarchy: According to this theory, people try to fulfill lower-order needs sufficiently before moving on to higher ones.

People will work to satisfy a need, but once it is fulfilled, it is no longer a motivator. Diff: 3 Learning Outcome: Explain how differences in culture affect the international business environment Skill: Application Objective: Discuss major behavioral factors influencing countries' business practices AACSB: Diverse and multicultural work environments 71 What are the characteristics of individualist and collectivist cultures? Answer: Attributes of individualism are low dependence on the organization and a desire for personal time, freedom, and challenge.

Attributes of collectivism are dependence on the organization and a desire for training, good physical conditions, and benefits. In those countries with high individualism, self-actualization will be a prime motivator because employees want challenges. However, in countries with high collectivism, the provision of a safe physical and emotional environment will be a prime motivator. A All written work requires back translation in order to be understood in a second language.

B Because languages and the common meaning of words are constantly evolving, the intended meaning of a word may be different from what the listener or reader understands. C Some words in one language simply don't have a direct translation into another language.

A firm's reputation can change if it operates in a country controlled by that type of government.

International Business, Global Edition

Elections or any unexpected political event can change a country's situation and put a firm in an awkward position.

Political risk tends to be greater in countries experiencing social unrest. When political risk is high, there is a high probability that a change will occur in the country's political environment that will endanger foreign firms there. Corrupt foreign governments may also take over the company without warning , as seen in Venezuela.

International Business Law, 6th Edition

Some of these risks include "lack of security in electronic transactions , the cost of developing new technology This may cause aggravation to the people living there, which in turn can lead to a conflict. People want to live in a clean and quiet environment, without pollution or unnecessary noise. If a conflict arises, this may lead to a negative change in customer's perception of the company.

Actual or potential threat of adverse effects on living organisms and environment by effluents, emissions, wastes, resource depletion, etc. As new business leaders come to fruition in their careers, it will be increasingly important to curb business activities and externalizations that may hurt the environment.

The effect of exchange-rate and interest rate make it difficult to conduct international business. In practice, the biggest problem arising from economic mismanagement has been inflation.

Historically many governments have expanded their domestic money supplying misguided attempts to stimulate economic activity. The devaluation and inflation will also affect the firm's ability to operate at an efficient capacity and still be stable. It might be higher or lower in the host countries.

Then "the risk that a government will indiscriminately change the laws, regulations, or contracts governing an investment—or will fail to enforce them—in a way that reduces an investor's financial returns is what we call 'policy risk. In most cases, acts of terrorism is derived from hatred of religious, political and cultural beliefs.

Terrorism not only affects civilians, but it also damages corporations and other businesses. These effects may include: physical vandalism or destruction of property , sales declining due to frightened consumers and governments issuing public safety restrictions. Firms engaging in international business will find it difficult to operate in a country that has an uncertain assurance of safety from these attacks.

This is considered to an unethical form of practicing business and can have legal repercussions. Firm that want to operate legally should instruct employees to not involve themselves or the company in such activities. Factors towards globalization[ edit ] There has been growth in globalization in recent decades due to the following factors.

This list is incomplete ; you can help by expanding it. Governments are removing international business restrictions. Consumers want to know about foreign goods and services. Political relationships have improved among some major economic powers. Importance of international business education[ edit ] Most companies are either international companies or compete with other international companies.

Modes of operation may differ from those used domestically. The best way of conducting business may differ by country.

Free International Business eBooks Download

An understanding helps one make better career decisions. An understanding helps one decide what governmental policies to support. Managers in international business must understand social science disciplines and how they affect different functional business fields. To maintain and achieve successful business operations in foreign nations, persons must understand how variations in culture and traditions across nations affect business practices.

This idea is known as cultural literacy.

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