What is exporting?
Selling domestically produced goods or services to customers in foreign countries.
What is global outsourcing?
Contracting out business processes or services to foreign suppliers to reduce costs and access specialized expertise.
What are partnerships in global business?
Strategic alliances or joint ventures between companies in different countries to share resources, risks, and market access.
What is political risk?(uncertainty)
The potential for loss due to instability or changes in a country’s political environment or government policies.
What is political instability?(riots)
Uncertainty caused by events such as riots, revolutions, terrorism, or government changes that can disrupt business operations.
What is Hofstede’s Value Dimensions framework?
A model identifying **cultural differences **across countries based on core values affecting behavior and business practices.
What is power distance?
The extent to which people accept unequal power distribution in institutions and organizations.
What is uncertainty avoidance?
The degree to which people feel uncomfortable with ambiguity, risk, and uncertainty.
What is individualism(ego) vs. collectivism(our)?
Individualism emphasizes personal goals and independence; collectivism values group goals and interdependence.
What is masculinity vs. femininity?
Masculinity emphasizes competitiveness and achievement; femininity values relationships, quality of life, and care.
What is long-term vs. short-term orientation?
Long-term focuses on future rewards, persistence, and saving; short-term emphasizes respect for tradition and social obligations.
What is assertiveness in the G.L.O.B.E Project?
**The extent to which individuals are confrontational, assertive, and competitive in relationships. g globe l laerdership o organiationl b behavior e effectiveness
What is future orientation(forword thinking)?
The degree to which a culture encourages long-term planning and investing in the future.
What is gender differentiation?
The degree to which gender roles are clearly differentiated in a society.
What is performance orientation?
The extent to which a culture values and rewards performance improvement and excellence.
What is human orientation?(feel)
The degree to which a society encourages and rewards fairness, altruism, and kindness.
What is implicit communication?(u got it)
Indirect communication where the meaning is inferred from context, nonverbal cues, and relationships.
What is the difference between high-context(process) and low-context cultures?(results)
high context a valuing of relationships and trust more then business, welfare and harmony of the group are highly prized
low context a valuing of business transactions more then building relationships and trust, individual welfare and achievements are more important than the group
What is ethics? morals
The code of moral principles and values that govern the behavior of individuals and groups.
What is the domain of codified law?
Legal standards where values and standards are written into legal codes and enforced by the government.
What is the domain of free choice?(not steven)
Behavior that is not regulated and is left to individual judgment and conscience.
What is the domain of ethics?
Standards of conduct based on shared principles and values, beyond legal requirements.
What is the utilitarian (poeple pleseing) approach?
An ethical decision-making approach that chooses the action with the greatest good for the greatest number.
What is the individualism approach?(me and only me)
Promotes individual self-direction and long-term interests as the basis for ethical decisions.
