Is a world oriented view that focuses on using the best approaches and people from around the globe?

Cards Return to Set Details

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Definition

The parochialistic belief that the best work approaches and practices are those of the home country

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Definition

The view that the managers in the host country know the best work approaches and practices for running their business

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Definition

A world-oriented view that focuses on using the best approaches and people from around the globe

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Definition

A global organization of 153 countries that deals with the rules of trade among nations

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Multinational Corporation

Definition

a broad term that refers to any and alltypes of international companies that maintain operations in multiple countries

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Multidomestic Corporation

Definition

An international company that decentralizes management and other decisions to the local country

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Definition

An international company that centralizes management and other decisions in the home country

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Transnational (or borderless) organization

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A type of international company in which artificial geographic barriers are eliminated

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Global Sourcing (or Global Outsourcing)

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Purchasing materials or labor from around the world based on lowest cost

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Definition

Am agreement in which an organization gives another organization the right to make or sell its products, using its technology or product specifications

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Definition

A partnership between an organization and a foreign company partners in which both share resources and knowledge in developing new products or building production facilities

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Definition

A specific type of strategic alliance in which the partners agree to form a separate, independent organization for some business purpose

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Definition

A direct investment in a foreign country that involves setting up a separate and independent facility or office

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Definition

An economic system in which resources are primarily owned and controlled by the private sector

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Definition

An economic system in which all economic decisions are planned by a central government