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Week 12 International Managament


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Revision for the IM exam

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Week 12 International Managament

  1. 1. International ManagementWeek 12:Revision
  2. 2.• Worth 40%• Part A (Worth 40% of the exam)– 6 questions– You must answer 4• Part B (Worth 60% of the exam)– Case study
  3. 3. – Part A• They are worth 10 marks each• Work out where the 10 marks are located• Look at the lecture slides – the questions will come from there• E.g. What are Hofstede’s five (5) cultural dimensions? Provideexamples to demonstrate.• 1 point for each of the dimensions and 1 point for an example
  4. 4. – Part A• Set it out clearly.• Double space your work• I will be looking for key words – make them clear• Underline or put the ideas on a separate line• Power Distance is xyz. An example of this is abc.• Uncertainty Avoidance is xyz. An example of this is abc• The easier it is for me to read, the easier it is for me to findyou marks
  5. 5. – Part B• Case study– About two thirds of a page of information– Three questions you will need to base your analysis around• You need to have– Introduction– Analysis (where you answer the 3 questions not 1. 2. 3. it needsto be an analysis with these ideas in mind)– Recommendations
  6. 6. – Part B• Introduction– Context, Importance, What you will discuss• Analysis– 3 paragraphs analysing the three questions– Make each paragraph clear that you are linking to the questionat hand– They need to be linking back to theories you have learnt in class• Recommendations– Very clear – get to the point– Very practical
  7. 7. the bit youhave all beenwaiting for
  8. 8. 1 - Introduction• What is international management– If you get this question you are so so lucky!• Compare and contrast international and domesticorganisations– This will help for a general knowledge of the questions• Parochialism and Ethnocentrism– It probably will help to have a grasp
  9. 9. 2 – Role of Culture• Hofstede– Power Distance– Uncertainty Avoidance– Masculinity and Femineity– Individualism and Collectivism– Long / Short Term Orientation• If you do not have this down – don’t bother coming to theexam• Well come to the exam anyway, just don’t expect to do verywell
  10. 10. 3 – Cross Cultural Communication• It was what the essay was on• As if its going to be on the exam• But….you can always use it for the long answer so• Understand High Low Context• Verbal communication• Non-Verbal Communication
  11. 11. 4 – Managing Across Culture• Convergence and Divergence– Once again great knowledge to have to frame answers– Are cultures becoming similar?• Social Institutions– Understand what they are and how they work• Four predispositions
  12. 12. 5 – Conflict and Negotiation• 5 conflict management styles• 6 steps to the negotiation process– Four ways that culture affects this process• 7 characteristics needed to be a successful negotiator
  13. 13. 6 – Organisational Structure• Global Product• Global Area• Export department• International Division• Matrix• Centralisation debate
  14. 14. 7 – Motivation Across Cultures• Expectancy Theory• Reinforcement Theory• Equality Theory• Goal Setting Theory• You need to know how each of these is affected by cultureand have country examples
  15. 15. 8 – Leadership Across Cultures• Contingency theory• How under different cultural dimensions do you need tochange your leadership style?
  16. 16. 9 – IHRM• Parent Country Nationals• Host Country Nationals• Third Country Nationals• Advantages and Disadvantages• Ethnocentric, Regiocentric, Polycentric and Geocentric– Strengths and Weaknesses
  17. 17. 10 – International Teams• Transnational, Representation, Subsidiary and GVT• Advantages and Disadvantages
  18. 18. 11 – Ethics and Social Responsibility• 5 ethical issues identified in international management• Legal and economic components of CSR• Ethical relativism v ethical universalism• Stages of moral development
  19. 19.• Main thing: Don’t get too cocky• Go in and smash it• and……
  20. 20. Semester• Come visit me in MGX3991 Leadership Practices andPrinciples• …..I hope…..
  21. 21.• Student Evaluation of Teaching and Unit• Telling Monash what is good and bad• 1-7 scale (but check – 6 used to be I haven’t been to classand 7 was not assessable)• More importantly you can say how much you love me• Or not love me if that is the case….• Helps me improve• Helps me get jobs =)
  22. 22.• Gives you an extra degree• Get to look into a research topic of your choice – whateveryou are interested in:– Sustainability in Car Manufacturing– Nurses and Work Stress– Malaysian Voting Preferences and Intention to Emigrate• Puts you above your peers• Increases communication skills – verbal and written• Goes on your HECS
  23. 23. WIN