Class Preparation and Personal Study

To help you prepare for class, perform the activities outlined in this section. Performing these activities will help you to significantly enhance your classroom performance.

Reflecting on Target Skill

On page 78, this chapter opens by presenting a target management skill along with a list of related objectives outlining knowledge and understanding that you should aim to acquire related to that skill. Review this target skill and the list of objectives to make sure that you’ve acquired all pertinent information within the chapter. If you do not feel that you’ve reached a particular objective(s), study related chapter coverage until you do.

Know Key Terms

Understanding the following key terms is critical to your understanding of chapter material. Define each of these terms. Refer to the page(s) referenced after a term to check your definition or to gain further insight regarding the term.

  1. international management 80

  2. domestic organizations 82

  3. international organizations 82

  4. multinational corporation 82

  5. parent company 85

  6. host country 85

  7. expatriate 86

  8. host-country national 86

  9. third-country national 86

  10. repatriation 86

  11. planning 87

  12. importing 87

  13. exporting 87

  14. license agreement 87

  15. direct investing 88

  16. international joint venture 88

  17. international market agreement 88

  18. European Union (EU) 89

  19. North American Free Trade Agreement (NAFTA) 89

  20. organizing 90

  21. ethnocentric attitude 91

  22. polycentric attitude 91

  23. geocentric attitude 92

  24. influencing 92

  25. culture 92

  26. controlling 94

  27. transnational organization 95

Know How Management Concepts Relate

This section comprises activities that will further sharpen your understanding of management concepts. Answer essay questions as completely as possible.

  1. 4-1. Discuss three similarities and three differences of international versus transnational organizations.

  2. 4-2. List and define the three types of organization members found in multinational organizations. Discuss the contribution that each type can bring to creating the success of the organization.

  3. 4-3. What knowledge must a manager have to successfully influence organization members of multinational corporations? Would it be easy for a manager to acquire such knowledge? Why? How should the manager acquire the knowledge?

  4. 4-4. Is the preparation of expatriates more important than their repatriation? Explain fully.

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