Professional Documents
Culture Documents
McGraw-Hill/Irwin
Kinicki/Williams, Management: A Practical Introduction 3e 2008, McGraw-Hill/Irwin 2006 The McGraw-Hill Companies, Inc. All rights reserved. 5
4.1 Globalization: The Collapse Of Time & Distance IS GLOBALIZATION A GOOD THING?
Growth in jobs and income in one country means growth in jobs and income in other countriesa winwin situation However, global interdependency can be negative when negative events in one country generate negative events in other countries Outsourcing jobs also brings negative effects to the country that loses the jobs
Kinicki/Williams, Management: A Practical Introduction 3e 2008, McGraw-Hill/Irwin 6
Positive Effects
U.S. exports, international trade, and U.S. workers are connected Growth of jobs and income in other countries will mean growth of jobs and income for the U.S.
McGraw-Hill/Irwin
Kinicki/Williams, Management: A Practical Introduction 3e 2008, McGraw-Hill/Irwin 2006 The McGraw-Hill Companies, Inc. All rights reserved. 7
4.1 Globalization: The Collapse Of Time & Distance WHY SHOULD YOU LEARN ABOUT INTERNATIONAL MANAGEMENT?
International managers oversee the conduct of operations in, or with, organizations in foreign countries
International Management
Multinational Corporation: is a business firm with operations in several countries. Multinational Organization: is a not-for-profit organization with operations in several countries.
McGraw-Hill/Irwin
Kinicki/Williams, Management: A Practical Introduction 3e 2008, McGraw-Hill/Irwin 2006 The McGraw-Hill Companies, Inc. All rights reserved. 11
E4-10
McGraw-Hill/Irwin
Kinicki/Williams, Management: A Practical Introduction 3e 2008, McGraw-Hill/Irwin 2006 The McGraw-Hill Companies, Inc. All rights reserved. 14
E4-11
McGraw-Hill/Irwin
Kinicki/Williams, Management: A Practical Introduction 3e 2008, McGraw-Hill/Irwin 2006 The McGraw-Hill Companies, Inc. All rights reserved. 17
E4-9
You may deal with foreign customers or partners You may deal with foreign suppliers You may work for a foreign firm in the United States You may work for an American firm outside the United States
McGraw-Hill/Irwin
Kinicki/Williams, Management: A Practical Introduction 3e 2008, McGraw-Hill/Irwin 2006 The McGraw-Hill Companies, Inc. All rights reserved. 19
Practical Action: What You Can Do to Prepare for Overseas Assignments Persuade your boss that you can handle overseas duty and that the organization will benefit Study up on your host country Become skilled in the language Become skilled in the culture
McGraw-Hill/Irwin
Kinicki/Williams, Management: A Practical Introduction 3e 2008, McGraw-Hill/Irwin 2006 The McGraw-Hill Companies, Inc. All rights reserved. 20
Practical Action: What You Can Do to Prepare for Overseas Assignments (Cont.)
31 14 11 8 8 7 5
Kinicki/Williams, Management: A Practical Introduction 3e 2008, McGraw-Hill/Irwin 2006 The McGraw-Hill Companies, Inc. All rights reserved. 21
Global Outsourcing
Importing, Licensing Joint Wholly exporting, & & ventures owned countertrading franchising subsidiaries Highest risk & investment
McGraw-Hill/Irwin
Kinicki/Williams, Management: A Practical Introduction 3e 2008, McGraw-Hill/Irwin 2006 The McGraw-Hill Companies, Inc. All rights reserved. 22
There are three types of economic systems: free market, command, and mixed
Kinicki/Williams, Management: A Practical Introduction 3e 2008, McGraw-Hill/Irwin 25