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Discuss the importance of contracts in international management and how contracts are viewed in other countries considering cultural and legal differences. What steps must a

  1. Discuss the importance of contracts in international management and how contracts are viewed in other countries considering cultural and legal differences. What steps must a manager take to ensure a valid and enforceable contracts?
  2. Discuss the criticisms that have been leveled against MNCs in the past regarding their activities in less developed countries? How MNCs can respond to those criticisms and do business as a respectable development partner in those countries where institutional voids exist?
  3. What is meant by international business ethics? Should the local culture affect ethical practices? What are the implications of local norms for ethical decisions by MNC managers?
  4. Describe the five dimensions of culture proposed by Hofstede. What are the managerial implications of these dimensions? Do you think these dimensions are still valid and why? Compare the findings with those of Troompenaars and the GLOBE project team?
  5. Explain the differences between monochromic and polychromic time systems? Use some examples to illustrate their differences and role of time in intercultural communication?

6.Discuss the relative use of non-verbal behaviors, such as silent periods, interruptions, facial gazing, and touching, by people from various cultural backgrounds. How does this behavior affect the negotiation process in a cross cultural context?

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