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Management Practices

Management Practices. Lecture-29. Recap. Social Responsibility Obligation to Responsiveness Factors That Affect Employee Ethics Stages of Moral Development. Today’s Lecture. Managing in a Global Environment Four key questions : Global Perspectives

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Management Practices

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  1. Management Practices Lecture-29

  2. Recap • Social Responsibility • Obligation to Responsiveness • Factors That Affect Employee Ethics • Stages of Moral Development

  3. Today’s Lecture • Managing in a Global Environment • Four key questions : • Global Perspectives • Different Types of International Organizations • How organizations go global (Important) • Managing in a global environment

  4. Three global attitudes • Ethnocentric Attitude • The best work approaches and practices are those of the home country. • Polycentric Attitude • The host country know the best work approaches and practices for running their business. • Geocentric Attitude • A world-oriented view that focuses on using the best approaches and people from around the globe.

  5. Reasons for engaging in international business: • Profits • Customers • Suppliers • Capital • Labor

  6. Q2: What are different Types of International Organizations ?

  7. Different Types of International Organizations • Multinational Corporation (MNC) • Maintains operations in multiple countries What’s the difference? • Multidomestic Corporation • Global Company • Transnational Corporation (Borderless Organization) • Born Globals/International New Ventures (INVs)

  8. Different Types of International Organizations • Multidomestic Corporation • Decentralizes management and other decisions to the local country. • Gives foreign operations more freedom to operate as separate entities • Global Company • Centralizes its management and other decisions in the home country. • Seeks total integration of global operations

  9. Different Types of International Organizations (cont’d) • Transnational Corporation (Borderless Organization) • Eliminated structural divisions that impose artificial geographic barriers and is organized along business lines that reflect a geocentric attitude. • Born Globals/International New Ventures (INVs) • Commit resources upfront (material, people, financing) to doing business in more than one country.

  10. Schermerhorn/Management, 7e Chapter 5, Figure 05-05 Alternative multinational structures forglobal operations.

  11. Q3: How organizations go global?

  12. Schermerhorn/Management, 7e Chapter 5, Figure 05-02 Common forms of international business–from market entry to direct investment strategies.

  13. Market entry strategies involve the sale of goods or services to foreign markets but do not require expensive investments. • Types of market entry strategies: • Global sourcing • Exporting • Importing • Licensing agreement • Franchising

  14. Direct investment strategies require major capital commitments but create rights of ownership and control over foreign operations. • Types of direct investment strategies: • Joint ventures • Wholly owned subsidiaries

  15. Summary • Managing in a Global Environment • Four key questions : • Global Perspectives • Different Types of International Organizations • How organizations go global (Important) • Managing in a global environment

  16. Next Lecture • Global outsourcing • Exporting and importing • Licensing and Franchising • Foreign subsidiary • Managing in A Global Environment

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