
- •International Management: Exam Questions
- •International management: an overview.
- •How would you define management?
- •What are the managerial functions?
- •What are the basic managerial jobs?
- •In what fundamental way are the basic goals of all managers at all levels and in all kinds of enterprises the same?
- •What is the nature of today’s global business environment? How does this environment facilitate international business activities? Provide examples.
- •How do the legal–political, economic, and cultural environmental differences within a country affect a firm’s international business transactions? Provide examples.
- •What is international business? How does the management of an international business differ from that of a domestic one? Provide examples with specific firms and countries in mind.
- •International transactions involve money converting into different currencies
- •Define globalization. What are the pros and cons of globalization? Provide examples.
- •What is the globalization of markets? Of production? Provide examples.
- •Why do we study international business? Why has studying it become more important today than ever before?
- •How would you define the nature and purpose of international management?
- •What advantages do multinational corporations have? What challenges must they meet? Give examples.
- •What are the major forms of internationalizing? How do firms choose the market entry modes?
- •Why is managing an international business different from managing purely domestic business?
- •International economic environment
- •What are the major objectives for the international economic environment scanning? Name the elements of international economic environment that require special attention of the firms. Why?
- •What are the stages of the country economic analysis? What are the major objectives of this analysis?
- •Compare and contrast the theories of absolute and comparative advantage. How do they stand today? Does one stand more than the other? Why or why not? Support your answer with examples.
- •What do the contemporary trade theories state? Provide examples.
- •Explain the difference between autonomous and offsetting (or accommodating) transactions.
- •Since the balance of payments must always balance, how do balance of payments deficits or surpluses emerge?
- •How will the dollar/euro exchange rate be affected if American consumers consider that it is fashionable to own a bmw car?
- •What are the causes of globalization?
- •What is the difference between a free-trade area and a customs union?
- •What are the costs and benefits of economic and monetary union?
- •International cultural environment
- •Define culture. Which definition in your opinion, is the most appropriate and why? Provide examples?
- •Which needs must be satisfied by culture? Briefly explain each and provide examples.
- •Present culture and its elements. Provide examples and relate them to international business.
- •What is the role of each major religion in conducting international business? What do Christianity, Islam, Hinduism, and Buddhism declare in terms of business?
- •Describe Trompenaar’s value dimensions and discuss their use in international business.
- •Compare and contrast the Kluckhohn–Strodtbeck and Hofstede frameworks and their application in understanding culture.
- •What is parochialism? Culture shock? Ethnocentrism? Provide examples.
- •What are the phases of the culture shock? Explain the methods of dealing with culture shock
- •What do we mean by cross-cultural management and training?
- •How employers can help bridge the cultural divide in the workplace?1
- •How would you train an international business manager?
- •Which practical tips would you provide as the most appropriate when it comes to international business, and why?
- •What is social capital? In your opinion, how cross-cultural management can benefit the business from the point of view of its intangible assets and the income statement?
- •International political and legal environment
- •Define and describe the international political environment. Name its key elements. How should the international managers deal with the foreign political environments?
- •What is political risk? What are the sources of political risk for international companies? How are they connected with the types of political risks?
- •Define the categories of international political risk. Provide examples.
- •What are the objectives of political risks analysis? Are they different from the objectives of international political environment analysis?
- •What are the elements of risks that should be formalized? Explain the methods of political risks analysis.
- •What are the factors and variables of political risks rating, modeling and forecasting suggested by the prs Group and The Economist Intelligence Unit, and beri?
- •What are the best information sources for the political risks analysis?
- •What are the basic strategies to manage political risk?
- •How should international managers minimize the political risk?
- •How does the political environment affect the economy?
- •How does the legal environment affect international business? How should the international managers address the various legal challenges in different countries?
- •What ways are there in resolving international disputes?
- •What are the differences between Common, Civil, and Theocratic Law? How do international managers deal with these different types of laws?
- •What is corruption and how does it affect international business?
- •What is bribery and how is it being addressed by international agencies?
- •Strategic planning in the multinational company.
- •Why strategic planning is important?
- •What are the limitations for strategic planning?
- •How to organize the strategic planning process?
- •Why strategic planning process might be different in different organizations? Provide examples.
- •What are the existing approaches and methods to strategic management?
- •Organizing in the multinational company.
- •What kinds of authority relationships exist in organizations?
- •How authority is dispersed throughout the organization structure, and what determines the extent of this dispersion?
- •What explains the differences in organizing practices between countries? How these differences might be managed?
- •Fundamentals of international hr management. Leadership and motivation in international context.
- •What are the different approaches to international staffing? Outline their main characteristics.
- •What are the functions of international assignments?
- •What are the reasons for using international assignments?
- •What are the positive and negative aspects of a Parent Country National?
- •What elements would you include in a repatriation program?
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Which needs must be satisfied by culture? Briefly explain each and provide examples.
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Communication, because each person needs it in order to exchange experience, to receive someone help, to spend good time
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Family, because from ancient times it was much more easily to live out, each person needs people which will support, don’t betray and to have “пристанище”
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Educational needs, because everybody want to receive desalinized knowledge’s in certain field in order to use them in his life and receive money
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Aesthetical need, everybody tends to nice, beautiful in order to обогатить себя
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Relational, because we need to explain our life events, we need to have our internal drivers, we need to understand who we are
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Self-actualization needs, some people need to show oneself in all his life spheres to be the most fluent person, to have perfect knowledges in some fields, to be on the highest steps o job stairs.
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Present culture and its elements. Provide examples and relate them to international business.
Culture gives people a sense of who they are, of belonging, of how they should behave, and of what they should be doing. Culture impacts behavior, morale, and productivity at work as well, and it includes values and patterns that influence company attitudes and actions. Culture is often considered the driving force behind human behavior everywhere.
Main elements:
- Material Culture
- Language
- Aesthetics
- Religion
- Social Institutions
Elements:
- Dress and Appearance. Many subcultures wear distinctive clothing: the formal look for business, the jeans of the youth throughout the world, and uniforms that segregate everyone from students to police, to .remen, to military generals. In the military subculture or microculture, customs and regulations determine the dress of the day, length of hair, and equipment to be worn;
- Communication and Language. English is used “link” language that is understood by two parties who speak different languages. For example, Japan-based Sony and Matsushita use English in their work abroad. Physical gestures, for example, often convey different meanings in different cultures: in Europe it is norm when woman shake hand to man, but not in Asia;
- Sense of Self and Space. The comfort one has with oneself can be expressed differently according to each culture. For example, Americans and the British have a sense of space that requires more distance between individuals, while Latins, Arabs, and the Vietnamese stand closer together;
- Food and Feeding Habits. The manner in which food is selected, prepared, presented, and eaten often differs by culture. For example, one man’s pet could be another person’s delicacy. For instance, pork, which is widely consumed by the Chinese, is forbidden in Muslim and Jewish cultures;
- Time and Time Consciousness. Sense of time differs by culture; some are exact and others are relative. Generally, Germans are precise about the clock, , time is a valuable and limited resource and when others do not come in time they lose their patience, while many Latins are more casual;
- Relationships. This refers to social structure, which embodies a culture’s fundamental organization including its groups and institutions, its system of social positions and their relationships, and the process by which its resources are distributed. The family unit is the most common expression of this characteristic.
For example, in Middle East countries parthers relate to each other better, if they know that person has family;
- Gender. For example greater gender
equality prevails in the United States, Australia, Canada, and Germany, but in countries operating under Islamic laws like Saudi Arabia, Iran, Afganistan there is contrary relationship to women in business.