The main contents of the chapter consist of the following: 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. | Management Practices Lecture-29 1 Recap Social Responsibility Obligation to Responsiveness Factors That Affect Employee Ethics Stages of Moral Development 2 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 3 4–4 Q1: What’s your global perspective? I’m not going to work for a large corporation. Why should I care about the ins and outs of managing globally? 4 4–5 Three global attitudes Ethnocentric Attitude Polycentric Attitude Geocentric Attitude 5 4–6 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. 6 4–7 Key Information About Three . | Management Practices Lecture-29 1 Recap Social Responsibility Obligation to Responsiveness Factors That Affect Employee Ethics Stages of Moral Development 2 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 3 4–4 Q1: What’s your global perspective? I’m not going to work for a large corporation. Why should I care about the ins and outs of managing globally? 4 4–5 Three global attitudes Ethnocentric Attitude Polycentric Attitude Geocentric Attitude 5 4–6 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. 6 4–7 Key Information About Three Global Attitudes 7 4–8 The world today is a much smaller place. “If you are not thinking international, you are not thinking business management. ” Global mindset: “ Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one corner of the earth all one’s lifetime” ----Mark Twain Adopting a Global Perspective 8 4–9 Reasons for engaging in international business: Profits Customers Suppliers Capital Labor 9 4–10 The Global Marketplace Opportunities and Challenges Coping with the sudden appearance of new competitors Acknowledging cultural, political, and economic differences Dealing with increased uncertainty, fear, and anxiety Adapting to changes in the global environment 10 4–11 Regional Trading Agreements The European Union (EU) North American Free Trade Agreement (NAFTA) America Free Trade Agreement (CAFTA) Free Trade Area of the Americas 11 4–12 The World Trade Organization (WTO) Evolved from the General Agreement on Tariffs and Trade (GATT) .
