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    Managing Globally

    Uploaded by

    Prof. Lakshman Madurasinghe
    The document discusses strategies for international operations and goals of major trade agreements. It also examines how culture can impact business practices by comparing tendencies of US and Japanese organizations regarding employment, decision making, and relationships.

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    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd

    Managing Globally

    Uploaded by

    Prof. Lakshman Madurasinghe
    133 views10 pages
    The document discusses strategies for international operations and goals of major trade agreements. It also examines how culture can impact business practices by comparing tendencies of US and Japanese organizations regarding employment, decision making, and relationships.

    Original Description:

    Characteristics of the Global Economy: Impact of political-legal forces on International business

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    © Attribution Non-Commercial (BY-NC)

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    The document discusses strategies for international operations and goals of major trade agreements. It also examines how culture can impact business practices by comparing tendencies of US and Japanese organizations regarding employment, decision making, and relationships.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    133 views10 pages

    Managing Globally

    Uploaded by

    Prof. Lakshman Madurasinghe
    The document discusses strategies for international operations and goals of major trade agreements. It also examines how culture can impact business practices by comparing tendencies of US and Japanese organizations regarding employment, decision making, and relationships.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    You are on page 1of 10
    At a glance
    Powered by AI
    The key takeaways are about characteristics of the global economy, strategies used by organizations in international business, impact of political-legal forces, and how culture can affect business practices.

    Some of the global economic trends discussed are increased competition, shortened product life-cycles, importance of exports and imports, worldwide communication, new emerging countries, borderless organizations, and a worldwide labor pool.

    Some strategies used by organizations for international operations are exporting, licensing, franchising, alliances, multinational, and global.

    Managing Globally

    4.1

    Learning Objectives
    After reading this chapter, you should be able to:
    State several characteristics of the global economy Describe six strategies used by organizations in international business Explain the impact of political-legal forces on international business Discuss how three major trade agreements affect global competition

    Describe how a countrys culture can affect an organizations


    business practices

    4.2

    Global Economic Trends


    Increased competition Shortened product life-cycles Importance of exports and imports Worldwide communication New countries emerge Borderless organizations Worldwide labor pool

    Adapted from Table 4.1

    4.3

    Strategies for International Operations


    High Global

    C o m p l e x i t y
    Low

    Multidomestic

    Franchising Alliances

    Licensing

    Exporting
    Low

    Resource Commitment

    High

    Adapted from Figure 4.1

    4.4

    Assessing Political Risk


    Low

    Domestic Instability Foreign Conflict Political Climate


    Stable Low

    High

    High

    Stable

    Unstable

    Economic Climate

    Unstable Corrupt

    Corruption

    Noncorrupt

    Adapted from Figure 4.2

    4.5

    Goals of the World Trade Organization (WTO)


    Administer WTO trade agreements

    Provide a forum for trade negotiations


    Handle trade disputes between nations Monitor national trade policies Provide technical assistance and training for people in developing countries Cooperate with other international organizations

    4.6

    Goals of NAFTA
    Create a U.S., Canadian,

    and Mexican trade zone

    Promote liberalized trade, not free trade Retain some protectionist elements Increase efficiency and customer satisfaction

    4.7

    Goals of the European Union


    Create a single market among the 15 member countries

    Eliminate existing barriers between countries Implement the Euro as a common currency

    4.8

    Tendencies of Many U.S. and Japanese Organizations


    Dimensions Many (Not All) Major U.S. Organizations
    Short term on average, but varies widely; unstable and insecure
    Merit pay based on individual contribution; rapid promotion in career Individual responsibilities

    Many (Not All) Major Japanese Organizations


    Long-term for males (recent decline in lifetime employment), moderately secure and stable
    Seniority-based early in career; more merit pay later Collective responsibilities; group loyalty, duty-oriented

    Employment

    Salary and promotion Attitude toward work

    Adapted from Table 4.3

    4.9

    Tendencies of Many U.S. and Japanese Organizations (cont.)


    Dimensions Many (Not All) Major U.S. Organizations
    Individual-oriented; relatively top-down emphasis Depersonalized; emphasis on formal contacts Relatively free and open among individuals

    Many (Not All) Major Japanese Organizations


    Consultation oriented; bottom-up emphasis Personalized; employee treated more as a family member; paternalism Low among individuals within groups; high among groups

    Decision making
    Relationship with employees Competition

    Adapted from Table 4.3

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