Understanding General Environment Conditions: Political Environment

Government stability, international trade incentives, international trade controls, economic communities

Resource allocation process, property ownership, natural resources, infrastructure

Values, Symbols, Beliefs, Language

Licensing agreement is where a local firm pays a fee to a foreign firm for rights to make or sell its products.

when one business owner sells to another the right to operate the same business in a different location.

operate in a foreign country through co-ownership by foreign and local partners.

Green field investment

are foreign subsidiaries built from the ground up by the foreign owner.

where the outside firm purchases an entire local operation.

Relative importance of the interests of the individual vs. the interests of the group.

The interests of the individual take precedence.

The interests of the group take precedence

The appropriateness of power/authority within organizations

Authority is inherent in one’s position within a hierarchy

Individuals assess authority in view of its perceived rightness or their own personal interests.

What motivates people to achieve different goals

Value materials possessions, money, and assertiveness.

Value quality of life and the welfare of others.

Uncertainty orientation

Measures a society’s tolerance for uncertainty and ambiguity.

Uncertainty acceptance

Tolerant of different opinions, few rules as possible, positive, response to change.

Uncertainty avoidance

Prefer structure and a consistent routine, many rules and strict laws.

Measures short-term or long-term outlook of life and work.

Fosters pragmatic virtues oriented towards future rewards.

Fosters virtues related to the past & present.

Indulgence orientation

Measures degree of control a society has on impulses and needs for gratification.

A society that allows gratification, leisure time, having fun, and enjoying life.

A society that suppresses gratification and regulates it through strict social norms.

Help

Options

focusNode

Didn't know it?
click below

Knew it?
click below

Don't Know

Remaining cards (0)

Know

retry

shuffle

restart

0:00

Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

Normal Size Small Size show me how

Mangt 220

Ch. 5

Term	Definition
Understanding General Environment Conditions: Political Environment	Government stability, international trade incentives, international trade controls, economic communities
Economic Environment	Resource allocation process, property ownership, natural resources, infrastructure
Cultural environment	Values, Symbols, Beliefs, Language
Licensing	Licensing agreement is where a local firm pays a fee to a foreign firm for rights to make or sell its products.
Franchising	when one business owner sells to another the right to operate the same business in a different location.
Joint venture	operate in a foreign country through co-ownership by foreign and local partners.
Green field investment	are foreign subsidiaries built from the ground up by the foreign owner.
Acquisition	where the outside firm purchases an entire local operation.
Social Orientation	Relative importance of the interests of the individual vs. the interests of the group.
Individualism	The interests of the individual take precedence.
Collectivism	The interests of the group take precedence
Power Orientation	The appropriateness of power/authority within organizations
Power Respect	Authority is inherent in one’s position within a hierarchy
Power Tolerance	Individuals assess authority in view of its perceived rightness or their own personal interests.
Goal Orientation	What motivates people to achieve different goals
Masculine Culture	Value materials possessions, money, and assertiveness.
Feminine Culture	Value quality of life and the welfare of others.
Uncertainty orientation	Measures a society’s tolerance for uncertainty and ambiguity.
Uncertainty acceptance	Tolerant of different opinions, few rules as possible, positive, response to change.
Uncertainty avoidance	Prefer structure and a consistent routine, many rules and strict laws.
Time orientation	Measures short-term or long-term outlook of life and work.
Long-term	Fosters pragmatic virtues oriented towards future rewards.
Short-term	Fosters virtues related to the past & present.
Indulgence orientation	Measures degree of control a society has on impulses and needs for gratification.
Indulgent culture	A society that allows gratification, leisure time, having fun, and enjoying life.
Restrained culture	A society that suppresses gratification and regulates it through strict social norms.

Created by: dom23uriarte

"Know" box contains:
Time elapsed:
Retries: