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conducts business transactions for goods & services across national boundaries
raw materials
finished goods
specialized services
work within limits imposed by government intervention & global trading systems
require converting funds & being susceptible to fluctuations in currency rates
Profits = profit potential Customers = new markets Suppliers = needed raw materials Capital = financial resources Labour = lower labour costs
trade barriers language barriers cultural barriers piracy differences in business procedures & standards lack of skilled labour
measure of economic well-being based on the ability of people to buy the goods & services they desire
planet is shrinking
outsourcing
Sony . . . Japan
Gillette . . . United States Michelin . . . France
Samsung . . . Korea
Proctor & Gamble . . . USA Canon . . . Japan Bayer . . . Germany Boeing . . . USA
someone who has left his/her home country to live or work abroad, either for a long period of time or permanently
Confusion
state
Small Victories
daily
interactions bring some successes and form an initial confidence in daily affairs
Honeymoon
time
when negatives may overtake positives & the new culture becomes a subject of criticism
Reality
when
a rebalance occurs, and one is able to enjoy the new culture while recognizing less desirable elements
level of sensitivity experience with diverse backgrounds ability to view different perspectives ability to learn new languages not aggressive compromise peacekeeping
maintaining & developing of an organizations production or market interests across national borders with either local or expatriate staff
preference of an employer to use its own workers, both at home & abroad
preference of employer to use natives of the host country to manage operations there, but home-country residents to manage home country
preference of an employer to hire only the best managers, regardless of their citizenship