ADM 1300 Lecture Notes - Lecture 4: International Monetary Fund, Trade Bloc, Multinational Corporation

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: Doretha Carrington

Document Summary

Viewing the world solely through your own perspective, leading to an inability to recognize differences among people. A lack of knowledge about other cultures. If you"re dealing with other cultures, you can not have this approach because you need to understand the culture. The belief that the best work approaches practices are those of the home country. Managers with an ethnocentric attitude believe that people in foreign countries don"t have the skills and capability to perform as well as people in the home country. View that managers in the host country know the best approaches and practices for running their businesses. Managers with this attitude view every foreign operation as different and hard to understand. A world-oriented view that focuses on using the best approaches and people from around the globe. Managers with this attitude have a global view and look for the best approaches and people regardless of origin.