International Business Essay Questions - 1592 Words

Section One: Questions # 2 and #3 Question #2 a. Define and explain the term Culture Ans.: Culture is a set of shared values, understandings, assumptions, and goals that are learned from earlier generations, imposed by present members of a society, and passed on to succeeding generations. Culture is basically the way of life of a people: what they eat, the music they listen, how they dress, their meal times, their language and art form, and so on. b. Give examples if operational conflicts that could occur in a cross- cultural context because of different attitudes towards:1) time, 2) change, 3) Individualism . Give a country or region that would be different from the US for each of the three variables. Ans.: It is quite easy for†¦show more content†¦From a business stand point it has to do with rules and procedures, which give stability. This has managerial implications since a manager would have to know how the employees feel about change and rules. For example, if a manager is in Greece, then they would have to know that they cannot just go in and change the rules or the schedule instantly or frequently, because people in Greece like to have a lot of stability. Japan, and Korea have uncertainty avoidance on their list they have a high desire for stability, while India, the United Kingdom and Denmark have a lower desire for stability. * Individualism- The tendency of people to look after themselves and their immediate families only and to neglect the needs of society; suggests motivation from opportunities for individual advancement and autonomy. This means that individualistic societies prefer to work by themselves, they don’t care about working in groups or with others to achieve their goals. Managers need to know this so that they can make good decisions in assigning assignments and so on. The United States, United Kingdom, and Canada are very individualistic countries. Collectivism is the opposite of individualism and it means that there is desire for tight social frameworks, emotional dependence on belonging to â€Å"the organization,† and a strong belief in group decisions; suggests appeals to group goals and support. Collectivist countries are Mexico, Italy, and Singapore. CollectivistShow MoreRelatedInternational Business Essay Questions6472 Words   |  26 PagesInternational Business â €“ Essay Questions 1. Gini Coefficient: The gini index is a measure of statistical dispersion, a measure of the inequality of a distribution, 0 being total equality and a value of 1 maximal inequality. It is most commonly used in economics to assess the inequality of wealth or income, but is also used in other fields such as health, science, ecology, chemistry and engineering. Gini coefficients range from 0.23 (Sweden) to 0.70 (Namibia), but not every country has been assessedRead MoreInternational Business Essay Questions4285 Words   |  18 Pages1.. Identify the five cultural dimensions identified by Geert Hofstede and describe them indicating their importance in international business. 2.. Compare the advantages and disadvantages of various modes of entering foreign markets. 3.. Why do we have international strategic alliances? What are the forms and their respective advantages and disadvantages? ---------------- 4.. Consider a firm facing a make-or-buy decision, Provide 2 potential benefits and 2 risks  that the firm may face from outsourcingRead MoreIbe International Business Questions Essay example9943 Words   |  40 PagesTopic 1: International Business 1. Why companies engage in international business? There are three major operating objectives that underline the reasons for companies to engage in international business: -expanding sales: pursuing international sales usually increases the potential market and potential profits -acquiring resources: foreign sources may give companies lower costs, new or better products, additional operating knowledge -minimizing risk: international operations may reduceRead MoreBusiness 115 Final Exam Study Guide Essay1334 Words   |  6 Pagespoints that you may enter only once. You have 3.5 hours to complete the exam. It consists of 30 multiple choice questions worth 5 points each. There are 5 essay questions worth 20 points each. Be sure to save and save often while you are working on the exam, and submit the exam when you are finished. To earn full credit your response to each essay question should answer the question completely and average 2 – 3 paragraphs in length. The exam reflects the following course objectives and possibleRead MoreThe Cross Boarder Movements Of Good, Services And Resources1480 Words   |  6 Pages Question 1. In a short essay discuss why government have been liberalizing cross-boarder movements of good, services and resources. As we learned in the course international business is growing more and more for every year. Today 25% of all business is international business. This has almost forced countries and their governments to change the laws and regulations around cross boarder movement of goods, services and resources. As access is easier now for everyday costumers to international goodRead MoreMilton Friedman1624 Words   |  7 PagesIn this essay I evaluate Milton Friedman’s essay: â€Å"The Social Responsibility of Business Is to Increase Its Profits† in 1970, on the Social Responsibility of a business and his theory, which is called the â€Å"Efficiency Perspective†. In every article and book that I have read about social responsibility, Friedman’s â€Å"Efficiency Perspective is placed centrally. During my research I found that Friedman is often criticized for being too classical. Friedman believes that manager’s foremost objective or evenRead MoreBook Review1213 Words   |  5 PagesThe format, in which each chapter poses a question, then includes one or more essays responding â€Å"NO† and one or more responding â€Å"YES†, forces the reader to challenge his/her assumptions and consider alternative perspectives. I appreciated this approach very much. Just when you think you agree with something, the next essay challenges the basis for that agreement. That kind of questioning always gets one to a better conclusion, and it forced me to question a good number of assumptions I had aboutRead MoreBUSN115 Final Exam Study Guide1656 Words   |  7 Pagesyou may enter only once. You have 3.5 hours to complete the exam. It consists of 25 multiple choice questions worth 6 points each. There are 7 essay questions, 6 worth 15 points and 1 worth 10 points. Be sure to save and save often while you are working on the exam, and submit the exam when you are finished. To earn full credit your response to each essay question should answer the question completely and average 2 – 3 paragraphs in length. The exam reflects the following course objectives andRead MoreHow to Write Accounting Essay1074 Words   |  5 PagesHow to write an accounting essay... The basis of most academic work is the ability to construct a good essay. Although this sounds obvious, it is a skill which most students need to develop as none of us is born with the natural ability to write an essay, never mind one which will both address a given topic effectively and adequately support an argument with evidence. The most important aspect of writing an accounting essay or report is that the content must be informative and factually accurate;Read MoreEssay on Mgt 520 Final Exam Study1408 Words   |  6 Pagesfinal exam environment, the Windows clipboard is disabled, and so you will not be able to copy exam questions or answers to or from other applications. There are three pages to your final, and each page begins with a story. The stories are quite interesting and will make the questions flow easily. The questions that follow are then taken from each story. There is a little overlap. Remember questions are scrambled, so while they vary, all TCO’s will be tested. 2. You should click the Save Answers