GLOBAL MANAGEMENT
·
Contrast ethnocentric, polycentric, and geocentric attitudes towards
global business.
§ Parochialism is viewing the world solely through your own eyes and
perspectives and not recognizing that others have different ways of living and
working. An ethnocentric attitudes is the parochialistic belief that the best
work approaches and practices are those of the home country.
§ A polycentric attitude is the view that the managers in the host
country know the best work approaches and practices for running their business.
§ A geocentric attitude is a world-oriented view that focuses on using
the best approaches and people from around the globe.
·
What is the importance of regional trading alliances and global trade
mechanisms?
§ The Europian Union using Europe to all members and it is make a good
economic condition for members.
§ NAFTA continues to help Canada, Mexico, and teh United States
strengthen their global economic power.
§ ASEAN is a trading alliances of ten Southeast Asian nations, a region
that remains important in the global economy.
§ World Trade Organization plays an important role in monitoring and
promoting trade relationships.
§ International Monetary Fund and World Bank Group are two entities that
provide monetary support and advice to their member countries.
§ The Organization for Economic Cooperation and Development assists its
member countries with financial support in achieving sustainable economic
growth and employment.
·
Describe the structures and techniques organizations use as they go
international.
Multinational
corporation (MNC) using polycentric attitude, because MNC that centralizes
managementand other decisions in the home country. MNC also has eliminated
artificial geographical barriers and uses the best work practices and
approaches from wherever.
After
that, MNC exporting goods or importing goods to sell in home country or foreign
country. To distribute goods, MNC can licensing, franchising, strategic
alliances, or joint venture in foreign countries.
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