Management
12th Edition
ISBN: 9781305393462
Author: DAFT, Richard L.
Publisher: South-Western College Pub
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 4, Problem 1SGB
Summary Introduction
To determine: The reason for the variation among group members, the implications of high exposure versus low exposure for a career in management in other countries and how to improve international exposure.
Interpretation: Make a list of countries you have visited outside your home country along with their population size. Then calculate the percentage of world population for each country you have visited and also the percentage of world population for all the countries you have visited by taking the world population as 6,800,000,000. Get the estimation of the same calculation steps by the other members in your group.
Concept Introduction: International exposure definitely plays a very important role when one wants to be successful in today’s world and economy. One can develop culture awareness as well as foreign language proficiency through International exposure.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Using appropriate academic resources, assess the impact of a country's economic, demographic, and political/legal environment on business. You should select a country that you are at least somewhat familiar with. I have listed some ideas to give you a starting point on your research. You should include this information but are not limited to only this information. After you find the information on each of these three sections, write a paragraph analyzing how this impacts business in the country. Your assignment should be at least 2 pages long and you should use APA format to cite your sources. Economic Environment Economic growth data Employment data Inflation data Income distribution Interest rates Political and Legal Environment
Summarize the document in your own words (no quotes)
“Tourism should be banned in order to protect local environments, cultures and economies.” To what extent do you agree with this statement? Evaluate the impact of tourism in these three areas.Write up should be a minimun of 1500 words and it should contain references.
Chapter 4 Solutions
Management
Ch. 4 - Prob. 1OTJVCCh. 4 - Prob. 2OTJVCCh. 4 - Prob. 3OTJVCCh. 4 - Prob. 1DQCh. 4 - Prob. 2DQCh. 4 - Prob. 3DQCh. 4 - Prob. 4DQCh. 4 - Prob. 5DQCh. 4 - Prob. 6DQCh. 4 - Prob. 7DQ
Ch. 4 - Prob. 8DQCh. 4 - Prob. 9DQCh. 4 - Prob. 10DQCh. 4 - Prob. 1EECh. 4 - Prob. 2EECh. 4 - Prob. 3EECh. 4 - Prob. 4EECh. 4 - Prob. 5EECh. 4 - Prob. 6EECh. 4 - Prob. 7EECh. 4 - Prob. 8EECh. 4 - Prob. 9EECh. 4 - Prob. 10EECh. 4 - Prob. 11EECh. 4 - Prob. 12EECh. 4 - Prob. 13EECh. 4 - Prob. 14EECh. 4 - Prob. 15EECh. 4 - Prob. 1SGBCh. 4 - Prob. 1EDCh. 4 - Prob. 2EDCh. 4 - Prob. 3EDCh. 4 - Prob. 1CFCACh. 4 - Prob. 2CFCACh. 4 - Prob. 3CFCA
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- You work for a Nova Scotia company trying to successfully enter the cranberry market in Australia, What are some factors that can impact the company's success. Create an analysis to understand the environment of the country you are entering (Australia).arrow_forwardWhen companies expand into global markets, they must be aware of the different cultural environments they are entering. A successful business model in one country may not be successful in another. U.S. companies, such as Walmart, Best Buy, and Home Depot, for example, have struggled in certain overseas markets due to their inability to meet the needs and expectations of the local culture. Read the hypothetical description of an overseas country, and then answer the following question. People in this country tend to go to stores several times a week to get what they need rather than making one big trip less frequently. They prefer fresh food products to frozen ones, and they also like to sample food items before purchasing them. They like their homes and places of business to have character, with ornate decorations and vibrant colors. A U.S. store opens in this country and exhibits the following characteristics. Which of these characteristics will be problematic for the success of the…arrow_forwardJust 0.2% of the world’s Muslims live in North America. In the U.S., Muslims are projected to double from 0.9% of the population in 2010 to 2.1% by 2050 based on recent demographic and migration patterns. Meanwhile, worldwide, as of 2010, there were an estimated 1.6 billion Muslims around the world, making Islam the world’s second-largest religious tradition after Christianity. By 2050, the number of Muslims worldwide will grow to 2.76 billion, or 29.7% of world’s population. Hence, making sense of Islam may be less than pressing in the United States, but is increasingly important worldwide. For example, as noted in the case profile, Saudi Arabia’s Dynamic Culture, life in Saudi Arabia can be perplexing to foreign managers as they try to exercise acceptable personal and business behavior. Its mixture of strict religious convictions, ancient social traditions, and governmental economic policies results in laws and customs that often contrast with those in other countries, shift with…arrow_forward
- Assume that you are the Director of International Marketing for a company producing refrigerators. Select one country in South East Asia and one in Europe and develop a marketing plan for your new product to penetrate the two countries. Make any additional assumptions that are necessary about your company.arrow_forwardForeign companies are usually not affected by changes in nationalistic feelings in the countries where they operate. True/falsearrow_forwardThe Economic Impact of the Coronavirus Due to Travel Losses ? EXPLAINarrow_forward
- ( 155) If you were James Benfield, what kinds of information you are about to collect if the company decides to enter China's market? And please explain why these information are necessary?arrow_forwardGo to the website “Hofstede Insights” at the weblink HERE Links to an external site. (https://www.hofstede-insights.com/). Scroll down the Home page until you get to a tool called “Country Comparison Tool.” This tool allows you to select multiple countries and compare their scores across six dimensions of culture (see example below). An explanation of these six cultural dimensions and can be found HERE Links to an external site. (https://geerthofstede.com/culture-geert-hofstede-gert-jan-hofstede/6d-model-of-national-culture/). Identify the two (and just two) cultural dimensions you will focus on. Explain these two cultural dimensions in your own words. 2. Select Lithuania and two additional countries that are on different continents. Note: Countries that differ in their cultural dimensions will be easier to work with in Part 3. Include an image of the three-country comparison in your post. 3. Write a fictitious and exaggerated short story (to illustrate the impact…arrow_forwardSummary based on the soap business in England: a) Reiterate your assessment of the political, economic, business, market opportunity, culture, market entry mode for the reader.arrow_forward
- The international bond market consists of all bonds sold by Select one: a. Companies, governments or organization outside their own countries b. None of the above c. Governments to other governments d. Banks onlyarrow_forwardWhat are the advantages and disadvantages of Exporting, Investing, Joint Ventures, Franchising, and Strategic Alliance in international business or foreign markets? Less than 100 words only please.arrow_forwardHello, can you help me answer this question in min 900 words please? "Why is it important for international marketers to undertake a political risk analysis?" This is a question for my international Marketing course. Thanks in advance!arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Understanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage Learning
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning