ADM 1300 Chapter Notes - Chapter 4: Parochialism, Ethnocentrism, Multinational Corporation

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: Gerard Brathwaite- Sturgeon

Document Summary

Compare and contrast the ethnocentric, polycentric, and geocentric attitudes toward global business. Discuss the importance of regional trading alliances and global trade mechanisms that affect trade relations among countries in the world. Describe the structures and techniques organizations use as they become global. Explain the relevance of the legal political, economic, and cultural environments to global business. Parochialism: viewing the world solely through your own perspective, leading to an inability to recognize differences among people. Ethnocentrism: the belief that the best work approaches and practices are those of the home country. Polycentricism: view that managers in the host country know the best approaches and practices for running their businesses. Geocentricism: a world-oriented view that focuses on using the best approaches and people from around the globe. Chapter 4 managing in a global environment1international management. Regional trade alliances : several years ago, global competition was best described in terms of country against countrythis is not longer the case!