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Week3 global management

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  • 1. Sensitivity to cultural differences Business knowledge The collapse of time & distance Courage to take a stand Global village & e-commerce Act with integrity End-state dimensions One big world market: the global economy Insightful Megamergers operating worldwide Committed to success 3 important development Cross border business Get started more easily Take risks Skills of global manager Minifirms operating worldwide Can maneuver faster Uses feedback You may deal with foreign customer or partners Culturally adventurous You may deal with foreign suppliers Seeks opportunities to learn Why learn about international Globalization You may work for a foreign firm in Indonesia Open to criticism Learning-oriented dimensions management? You may work for an Indonesian firm outside Indonesia Seeks feedback Flexible "We know the best" Ethnocentric managers (orientation: home country) Beliefs Parochialism "They know the best" Values Shared of : Managers view of cultural Polycentric managers (orientation: host country) Knowledge differences Pattern of behavior “What’s best is what effective, regardless of origin” Culture (orientation: world) Geocentric managers Written & spoken words Low-context culture GLOBAL MANAGEMENT Cultural dimensionsSituational cues of meaning High-context culture Availability of supplies Individualism / collectivism New markets Power distance Lower labor costs Why ? Uncertainty avoidance Access to finance capital Hofstede’s dimensions Quantity of life Avoidance of tariffs & import quotas Masculinity / femininity Global outsourcing Assertiveness Importing, exporting, & counter trading Future orientation Licensing & francising How ? Gender differentiation Joint ventures Companies expand internationally Uncertainty avoidance National Culture Wholly-owned subsidiaries Power distance Tariffs GLOBE Individualism / collectivism Import quotas In-group collectivism Barriers Embargoes Performance orientation Etc. Humane orientation IMF Language WTO Organization promoting Interpersonal space international trade World banks Monocromatic time & many more Time orientation Other cultural variations Polycromatic time Religion Google Yahoo Youtube 5 best multicultural office Microsoft Apple