Exam

Facing the stress for final exam of International business

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Hello everyone, today I would not share about my love story and like share about what I was study in International business. I hope everyone won't feel annoying with my post. Tomorrow I will sit in my exam hall the situation and environment is very cool and serious. So, how I can memorize all notes is using by blog to type out what I remember.

Our examination are
Tutorial 1- Chapter 4
Tutorial 2 -Chapter 5
Tutorial 3 - Chapter 7 & 11

Chapter 4 - 5 level of major economies integration

  • Free Trade Area
  • Customs Union 
  • Common Markets
  • Economic Union 
  • Politic Union 
  1. Free Trade Area
    Trade barriers  (such as tariff) among member citizen removed.
    Exp: NAFTA & Langkawi
  2. Customs unions
    Tariff barriers with the member citizen is eliminated( Cancel) and having Trade policy with the non member citizen
    Exp: Europe & TURKEY
  3. Common Market
    Trade barrier is eliminated with member citizen and External trade policy of factor such as labor,land and capital of product among member countries
  4. Economic Unions
    Factor of production move freely between member citizen
    Exp: EURO
  5. Political Union
    Common government and economic union 

Chapter 5 - Culture 
(Hofstede's framework - Culture dimension )
6 point
  • Power distance VS uncertainty 
  • Individualism VS collectivism 
  •  Masculinity VS femininity 
Power distance
High power distance
Manager make an order and employee just follow only 
Low power distance
Manager consult employee before they making decision or implemented 
Uncertainty unions ( dunno what will happen in future)
Need some institution and belief ( such as law ) to minimum and avoid happen 
Individualism 
look after themselves and family only
Collectivism
belongs to group and look after group to make decision together like Japan 
Masculinity 
Care about "success, money, and things" 
Femininity 
Care about quality life   

Q2 Value, attitudes , and manners how influence 
Work Attitudes 
Initiative in US - Show their Idea with direct communication 
Time and future 
European Time is very important
Africa not important with time 
Ethic 
Achievement Programs

Tutorial 3 - chapter 7 & 11
Chapter 7 
  • Home country 
  • Host country
  • Third country
Home country which an employee of that country move and work to another country 
Exp: US Manager J&J move to Malaysia J&J its called expatriates
Host country which a local employee hired by MNE country
EXP : US Manager J&J hired by US J&J company
Third country which US manager move and work in Toshiba in Singapore but Toshiba is belongs Japan 

Chapter 11 
MNE Strategic 
  1. Strategic planning 
  2. Strategic Orientation
  3. Strategy Formulating
  4. Strategy Implementing 

Strategy predisposition
  • Ethnocentric predisposition 
  • Polycentric   predisposition
  • Regiocentric predisposition
  • Geocentric predisposition 
Ethnocentric 
MNE rely on value and parents company in formulating and implementing
Polycentric 
MNE to tailor its strategic plan to meet local culture
Regiocentric
Address both local and regional needs
Geocentric 
View with Globalization 

Thanks For VIEW , GOOD NIGHT

  


  

5 level of major economy integration



 
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