Management by chuch williams chapter 08

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Management by chuch williams chapter 08

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Chapter Global Management MGMT Chuck Williams Designed & Prepared by B-books, Ltd What Is Global Business? After reading this section, you should be able to: discuss the impact of global business and the trade rules and agreements that govern it What Is Global Business? Global Business The buying and selling of goods and services by people from different countries The Impact of Global Business Multinational Corporation A corporation that owns businesses in two or more countries Direct Foreign Investment A method of investment in which a company builds a new business or buys an existing business in a foreign country 1.1 Foreign Investment in the U.S 1.1 U.S Foreign Investment Abroad 1.1 Trade Barriers Tariff Tariff Quotas Quotas Voluntary Voluntaryexport exportrestraints restraints Nontariff Nontariff Barriers Barriers Government Governmentimport importstandards standards Government Governmentsubsidies subsidies Customs Customsvaluation valuation//classification classification 1.2 Trade Agreements General GeneralAgreement Agreement on onTariffs Tariffsand andTrade Trade Maastricht MaastrichtTreaty Treatyof ofEurope Europe Regional RegionalTrading Trading Zones Zones NAFTA NAFTA CAFTA CAFTA ASEAN ASEANand andAPEC APEC 1.3 GATT GATT made it easier and cheaper for consumers in all countries to buy foreign products – – – – – Tariffs were cut 40 percent on average worldwide by 2005 Tariffs were eliminated in 10 specific industries Stricter limits were put on government subsidies GATT established protections for intellectual property Trade disputes between countries now are fully settled by arbitration panels from the WTO 1.3 World Trade Organization Location: Geneva, Switzerland Established: January 1995 Created by: Uruguay Round negotiations (1986-1994) Membership: 153 countries (as of 23 July 2008) Budget: 185 million Swiss francs for 2008 Secretariat staff: 625 Head: Pascal Lamy (directorgeneral) 1.3 Functions:  Administering WTO trade agreements  Forum for trade negotiations  Handling trade disputes  Monitoring national trade policies  Technical assistance and training for developing countries  Cooperation with other international organizations Web Link http://www.wto.org Adapted from10 Fact File Where to Go Global? After reading these sections, you should be able to: explain how to find a favorable business climate discuss the importance of identifying and adapting to cultural differences explain how to successfully prepare workers for international assignments 33 Finding the Best Business Climate Access Accessto to Growing Growing Markets Markets Location Location to to Build Build Minimal Minimal Political Political Risk Risk 34 Growing Markets • Purchasing Power – comparison of a standard set of goods and services in different countries – more means greater growth potential • Degree of Global Competition – the number and quality of companies already in the market 4.1 35 Choosing an Office/Manufacturing Location • Qualitative factors – work force quality – company strategy • Quantitative factors – kind of facility – tariff and nontariff barriers – exchange rates – transportation and labor costs 4.2 36 World’s Best Cities for Business United States Washington Atlanta Phoenix Houston MinneapolisSt Paul Latin America Santiago Miami Sao Paulo Monterrey Mexico City Europe London Paris Frankfurt Barcelona Amsterdam Asia Pacific Shanghai Beijing Shenzhen Bangalore Mumbai 4.2 37 Beyond the Book Choosing a Location: Multilingual Work Forces 38 Minimizing Political Risk • Political uncertainty – risk of major changes in political regimes • Policy uncertainty – risk associated with changes in laws and government policies directed at businesses • Strategies 4.3 – avoidance – control – cooperation 39 Becoming Aware of Cultural Differences National Culture The set of shared values and beliefs that affects the perceptions, decisions, and behavior of the people from a particular country 40 Becoming Aware of Cultural Differences Cultural Dimensions (Geert Hofstede)      Power distance Individualism Masculinity and femininity Uncertainty avoidance Short-term/long-term orientation 41 Hofstede’s Five Cultural Dimensions 42 Cultural Differences • • • Recognize cultural differences Decide how to adapt your company to those differences Do not base adaptations on outdated and incorrect assumptions about a company’s culture 43 Preparing for an International Assignment Expatriate Someone who lives and works outside his or her native country 44 Preparing for an International Assignment Language Languageand and Cross-Cultural Cross-CulturalTraining Training Consideration Consideration of ofSpouse, Spouse,Family, Family, and andDual-Career Dual-CareerIssues Issues 45 Language and Cross-Cultural Training Documentary Documentary Training Training Cultural Cultural Simulation Simulation Field Field Experiences Experiences 6.1 46 Spouse, Family, and Dual-Career Issues Adaptability Adaptability Screening Screening Intercultural Intercultural Training Training 6.2 47 ... countries now are fully settled by arbitration panels from the WTO 1.3 World Trade Organization Location: Geneva, Switzerland Established: January 1995 Created by: Uruguay Round negotiations (1986-1994)... Round negotiations (1986-1994) Membership: 153 countries (as of 23 July 2 008) Budget: 185 million Swiss francs for 2 008 Secretariat staff: 625 Head: Pascal Lamy (directorgeneral) 1.3 Functions:... control controlover over quality quality of ofthe the product productor or service service sold soldby by the the foreign foreign licensee licensee  Licensees Licenseescan can eventually eventually

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Mục lục

  • Chapter 8 Global Management

  • What Is Global Business?

  • Slide 3

  • The Impact of Global Business

  • Foreign Investment in the U.S.

  • U.S. Foreign Investment Abroad

  • Trade Barriers

  • Trade Agreements

  • GATT

  • World Trade Organization

  • Maastricht Treaty of Europe

  • NAFTA

  • CAFTA and USAN

  • ASEAN and APEC

  • Consumers, Trade Barriers, and Trade Agreements

  • Slide 16

  • How to Go Global?

  • Consistency or Adaptation?

  • Forms for Global Business

  • Exporting

  • Slide 21

  • Cooperative Contracts

  • Licensing

  • Slide 24

  • Franchising

  • Slide 26

  • Strategic Alliances

  • Joint Ventures

  • Slide 29

  • Wholly Owned Affiliates (Build or Buy)

  • Global New Ventures

  • Common Factors of Global New Ventures

  • Where to Go Global?

  • Finding the Best Business Climate

  • Growing Markets

  • Choosing an Office/Manufacturing Location

  • World’s Best Cities for Business

  • Choosing a Location: Multilingual Work Forces

  • Minimizing Political Risk

  • Becoming Aware of Cultural Differences

  • Becoming Aware of Cultural Differences

  • Hofstede’s Five Cultural Dimensions

  • Cultural Differences

  • Preparing for an International Assignment

  • Slide 45

  • Language and Cross-Cultural Training

  • Spouse, Family, and Dual-Career Issues

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