MGCR 382 Study Guide - Final Guide: Cultural Homogenization, International Business, Offshoring
19 Jan 2016
School
Department
Course
Professor
Document Summary
International business : company operating a business at home and abroad right from the beginning, draw advantages from the world (skilled people, infrastructure, resources, learning form neighbours) Globalization : widening set of interdependent relationship among. Born-global company : company who operates in the world in general. Clustering : agglomeration of an industry to benefit from advantages. Cultural homogenization : adoption of a superior culture to the. Offshoring : doing the business abroad yourself. Reshoring : taking the business back home. Foreign direct investment : investor is foreign, but invest in the country. Joint-venture : investment in which 2+ companies share ownership. Mne : operating in 1+ country detriment of another. Income inequality : spiky world, people don"t earn same. Nation : imagined community culture : learned + shared by a group, values, beliefs, attributes, cultural diversity : differences among cultures cultural collision : surprising/unexpected aspect of another culture e. g:
