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business
international business

Questions and Answers of International business

How does a manager with a deal orientation differ from a manager with a relationship orientation? L01
How can a manager use critical incident analysis in order to avoid the self-reference criterion? Why is this an important factor? L01
Distinguish the three layers of culture. What are the major elements of country-level and professional culture? L01
What are the elements of language? L01
What are the major religions, and how do they affect international business? L01
How are values and attitudes internalized? L01
What are the two major perceptions of time, and how does each affect international business? L01
What are cultural metaphors, and why are they significant? L01
Describe the characteristics of high- and lowcontext cultures. L01
Describe culture and cross-cultural risk. L01
Hollywood movies are very popular abroad, but foreign films are not viewed much in the United States. What factors determine the high demand for Hollywood films? Why are they so popular in Europe,
Culture plays a key role in business. In what ways have movies influenced managerial tasks, company activities, and other ways of doing business around the world? Can watching foreign films be an
Most aspects of foreign culture, such as language, religion, gender roles, and problem-solving strategies, are hard for the casual observer to understand. In what ways do Hollywood movies affect
Inspired by the Korean model, Japan has started promoting a similar country campaign around the world named Cool Japan, targeting young people and emphasizing its culture. Why is this outcome
The success of Korean manufacturing created a favorable environment the world over for hallyu. What are, in your opinion, the most remarkable examples of Korean industries, and why? L01
The rise of South Korea has attracted a lot of attention over the last decade due to its unusual characteristics. What does make South Korea a special case? L01
Understand managerial implications of culture. L01
Learn models and explanations of culture. L01
Describe culture’s effect in international business. L01
Describe the role of language and religion in culture. L01
Learn the dimensions of culture. L01
Understand culture and cross-cultural risk.
MyManagementLab Only—comprehensive writing assignment for this chapter. LO.1
What advantages do firms gain from behaving according to high ethical standards? LO.1
The websites for Lenovo (China, www.lenovo.com), Nokia(Finland, www.nokia.com), and Banco do Brasil (Brazil, www.bb.com.br, click English) contain substantial information about how these firms
Transparency International (www.transparency.org) publishes information about the nature of corruption around the world. Suppose you worked at a firm that makes computer software and wanted to begin
Various organizations have devised international standards for ethical corporate behavior. These include the United Nations’Universal Declaration for Human Rights (available at www.un.org), the
Ethical Dilemma: American International Group(AIG) is the largest insurance company in the United States. When AIG faced financial ruin in 2008, the U.S. government used taxpayer money to loan AIG
Ethical Dilemma: Royal Dutch Shell has been doing business in Nigeria since the 1920s and has announced new plans to develop oil and gas projects there. However, over the years, Shell has experienced
Describe the steps in the framework for ethical conduct.21. Ethical Dilemma: You were recently hired by ThunderCat Corporation, a major aircraft producer with a manufacturing presence in numerous
Why should ethical behavior be a part of a manager’s everyday activities? LO.1
What are the three key areas that a sustainable businesses tries to address? LO.1
Why is CSR important to the internationalizing firm? LO.1
What is corporate social responsibility (CSR)? How does it differ from general ethical behavior? LO.1
Distinguish relativism and normativism. Which one should the firm apply in its activities? LO.1
What is an ethical dilemma? Give an example of an ethical dilemma that MNEs encounter abroad. LO.1
What is intellectual property? What industries are most affected by threats to intellectual property? LO.1
What is the Corruption Perceptions Index and how can a manager use it to assess international risk? LO.1
Describe typical ethical problems that firms encounter in international business. LO.1
Distinguish between ethics and corruption in international business. LO.1
Some argue that because ethical standards are lax in many countries, Siemens and other firms must pay bribes to obtain new business. Do you agree with this view? Stated differently, when doing
Do you think Siemens was penalized enough for its corruption?Why or why not? What can governments or other organizations do to discourage firms and others from engaging in corrupt behavior? LO.1
Most countries lack adequate laws or enforcement to deal with bribery and other forms of corruption. Why is this? How do countries benefit from a strong rule of law that minimizes corruption? LO.1
What does the case suggest is the value of ethical behavior?What did Siemens gain by introducing controls to minimize the likelihood of corruption? LO.1
What might be the relationship of ethical consumption and sustainability? LO.1
How could stake holders positively contribute in improving working conditions? LO.1
How do industries value chains effect working conditions and determine wages in certain industries? LO.1
Learn about a framework for making ethical decisions. LO.1
Know the role of corporate governance. LO.1
Understand sustainability. LO.1
Understand corporate social responsibility. LO.1
Recognize ethical challenges in international business. LO.1
Appreciate ethical behavior and its importance in international business. LO.1
The websites for Lenovo (China, www.lenovo.com), Nokia(Finland, www.nokia.com), and Allergan (United States, www.allergan.com) contain substantial information about how these firms undertake
Transparency International (www.transparency.org) publishes information about the nature of corruption around the world. Suppose you worked at a firm that makes computer software and wanted to begin
Various organizations have devised international standards for ethical corporate behavior. These include the United Nations’ Universal Declaration for Human Rights (available at www.un.org), the
Ethical Dilemma: American International Group(AIG) is the largest insurance company in the United States. When AIG faced financial ruin, the U.S. government used taxpayer money to loan AIG more than
Ethical Dilemma: Royal Dutch Shell has been doing business in Nigeria since the 1920s and has announced new plans to develop oil and gas projects there. However, over the years, Shell has experienced
Ethical Dilemma: You were recently hired by ThunderCat Corporation, a major aircraft producer with a manufacturing presence in numerous countries. ThunderCat’s sales personnel constantly travel the
Describe the steps in the framework for ethical conduct. L01
Why should ethical behavior be a part of a manager’s everyday activities? L01
How does an organization’s management use corporate governance to implement ethics and CRS?
What are the three key areas that a sustainable business tries to address? L01
What is a sweatshop, and what are the main characteristics used to identify one? L01
Distinguish between workplace, marketplace, environmental, and community CSR. Why is it important to establish all four approaches?
Distinguish relativism and normativism. Which one should the firm apply in its activities? L01
What is an ethical dilemma? Give an example of an ethical dilemma that MNEs encounter abroad. L01
How can the most justifiable solution to a dilemma be identified?
What is intellectual property? What industries are most affected by threats to intellectual property? L01
What is the Corruption Perceptions Index, and how can a manager use it to assess international risk? L01
Describe typical ethical problems that firms encounter in international business. L01
What steps can VW take to prevent similar incidents from occurring in the future? L01
Who should be held responsible for the VW emission scandal: VW senior management, engineers, or government regulators? Justify your answer. L01
Most countries lack sufficient laws or enforcement to adequately protect the natural environment. What are the consequences of this? What can nations do to better protect the environment? L01
What does the case suggest about the value of ethical behavior? Do you think VW was penalized enough for its wrongdoing? Why or why not? What does VW gain through its efforts to introduce a culture
What might be the relationship of ethical consumption and sustainability? L01
What could Bangladesh do better in moving up the garment value chain? L01
How do industries value chains effect working conditions and determine wages in certain industries? L01
Learn how to apply the framework for making ethical decisions. L01
Know the role of corporate governance. L01
Understand sustainability. L01
Understand corporate social responsibility. L01
Recognize ethical challenges in international business. L01
Learn the components of ethical behavior and their importance in international business. L01
In what ways might an employee experience expatriate assignment failure? LO.1
What steps can senior managers take to develop global managers? LO.1
Executive Planet™ provides information for traveling managers and expatriates on how to live and do business in various countries. Suppose that you work for Virgin, the British airline, and are
Stryker Inc. manufactures medical devices and wants to establish a factory in continental Europe. For the location, management must decide between France, Germany, and Poland. You have been assigned
Lifestyle factors such as the cost of living vary worldwide.One job of international human resource managers is to develop appropriate compensation packages for managers working abroad. The U.S.
Ethical Dilemma: In China, factory people often work long hours with low pay. Some factories lack heating or air-conditioning, and employees may work with hazardous materials. Workers may be fired if
Global Wannabe (GW), a manufacturer of musical instruments, is eager to internationalize. New to international business, within the coming four years, senior management wants GW to generate at least
Nissan Motor Co. is Japan’s second-largest automotive company, with annual sales of more than USD$100 billion. The firm makes Maxima and Sentra cars, Altima and Infiniti upscale sedans, Frontier
What measures can firms take to enhance the prospects of placing women in international business jobs? LO.1
What are some key trends affecting international labor? LO.1
Suppose you are working abroad as an expatriate for an MNE. What are typical components you would expect to have in your compensation package? LO.1
What are incomparable outcomes in the context of international performance evaluations? Give a suitable example. LO.1
What is the value to an organization of maintaining a global talent pool? LO.1
What are the benefits of delivering cross-cultural training to expatriates? LO.1
What is expatriate assignment failure? Provide a suitable example. LO.1
Under what circumstances would an MNE staff itself with (a) parent-country nationals, (b) host–country nationals, and (c) third-country nationals? LO.1

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