Management 305 1st Edition Lecture 24Outline of Last LectureI. ViewsII. Ethical BehaviorIII. Stages of Moral DevelopmentIV. Promoting Ethical BehaviorOutline of Current Lecture I. ParochialismII. Global SourcingIII. Going GlobalIV. Cultural EnvironmentCurrent LectureGlobal PerspectiveParochialismGlobal Attitudes1) Ethnocentric Attitude2) Polycentric Attitude3) Geocentric AttitudeWhy are we becoming more global?-Technology-Connection is easierThese 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/ ImportingKnowledge Sharing-Spreads quicklyCompetitivenessGlobal Sourcing: purchasing materials from around the world wherever cheapestGoing GlobalExporting: making products domestically and selling abroadImporting: acquiring products made abroad and selling them domesticallyLicensing: gives organization right to use company’s brand name, technologyFranchisingGlobal Strategic Alliance: partnership between organizations and foreign company partnersForeign Subsidiary: direct investment in a companyCultural EnvironmentNational Culture: values and attitudes shared by individuals from a specific countryHostefede’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
View Full Document
Unlocking...