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Terms
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- Tangable resources
- Resources which you can physically see
- Outsourcing
- Turning over an organizational activity to an outside supplier
- Ethics
- Principals, Standards and Norms of conduct governing individual and firms' behaviour
- VRIO framework
- resource faced view that focus's on certain aspects of resources
- corruption
- abuse of public power for private beliefs, usually in the form of bribery
- Roman and Shenkar
- Cluster of countries
- Lingua Franca
- Dominance of one language as the global business language
- Value Chain
- Vertical activities used in the production of goods and services that add value, things that you can control
- Expat
- Manager who works abroad
- MNE
- Multi-national enterprise; involves foreign direct investments
- Benchmarking
- examining a firm to see how they stand in accordince to other competitors
- efficient
- doing the right thing
- Global Business
- Business around the globe, involves many countries
- BRIC
- Brasil, Russia, India, China
- Inshoring
- Outsourcing to a Domestic Firm
- SWOT
- Strengths, weaknesses, oppertunities and threats
- NGO's
- non-government organizations
- international business
- Across the border,
- Code of Conduct
- Set of guidelines for making ethical decisions
- High Context
- word for word communication basis
- Original Brand Manufacturers
- Firms which combine low-cost and high-quality manufactureing to completely bypass the work of western firms
- Ethical Imperialism
- Belief that there is only one set of ethics and we have it
- Norms
- Prevailing practices of relevant players that affect focal indivudals and firm
- Prof. Greet Hofstede
- Studied how values in the work place are influenced by culture
- Advocacy
- Environmentalists, human rights activits, consumers who raise awareness, acceptance, and knowledge by lobbying, press work and activist events
- globalization
- economic integration of countries and people around the world
- cluster
- Countries which share similar cultures together as one
- Hunginton
- Cluster of Countries
- commoditization
- Point at which an industry specific activity becomes common across industries
- GLOBE
- Cluster of Countries
- Operational
- Design and implementation of development-related projects that may stress service delivery or participation; can be religious or secular
- Intangible resources
- Human Skills, Knowledge, communication skills, etc.
- Internationalizing
- Branching out from your domestic market, going outside of your country
- Low-context cultures
- Cultures in which communication is taken at face value
- Leveraging
- Using it to the best of its control, advantage, exploit
- FCPA
- Foreign Corruption Practices Act, U.S. Law that bans Bribery
- Off shoring
- Outsourcing to an international or foreign firm
- Ethnocentrism
- percieving your country as "natural, rational and morally right"
- Informal institutions
- Cultures, activities, ethics, norms; things that are incurred, unwritten law
- effective
- doing the right thing
- Ethical Relativism
- "When in Rome, do as the Romans do