Management 305 1st Edition Lecture 24 Outline of Last Lecture I Views II Ethical Behavior III Stages of Moral Development IV Promoting Ethical Behavior Outline of Current Lecture I Parochialism II Global Sourcing III Going Global IV Cultural Environment Current Lecture Global Perspective Parochialism Global Attitudes 1 Ethnocentric Attitude 2 Polycentric Attitude 3 Geocentric Attitude Why are we becoming more global Technology Connection is easier These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute Manufacturing Exporting Importing Knowledge Sharing Spreads quickly Competitiveness Global Sourcing purchasing materials from around the world wherever cheapest Going Global Exporting making products domestically and selling abroad Importing acquiring products made abroad and selling them domestically Licensing gives organization right to use company s brand name technology Franchising Global Strategic Alliance partnership between organizations and foreign company partners Foreign Subsidiary direct investment in a company Cultural Environment National Culture values and attitudes shared by individuals from a specific country Hostefede s Framework one of the most widely referenced approaches Individualistic vs Collectivistic High power vs Low power distance High uncertainty avoidance vs Low uncertainty avoidance Achievement vs Nurturing Long term orientation vs Short term orientation
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