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➄ Long term orientation vs
Short term orientation

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➃ Achievement vs Nurturing

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➂ High uncertainty avoidance vs
Low uncertainty avoidance

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➁ High power distance vs
Low power distance

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➀ Individualistic vs Collectivism

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Hofstede's Five (5) Dimensions

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➤ Eight (8) Ways for Organisations go Global

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➤ Eight (8) Ways for Organisations go Global

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➀ Importing
➁ Exporting
➂ Strategic Alliances
➃ Joint Venture
➄ Global Sourcing
➅ Licensing
➆ Franchising
➇ Foreign Subsidiary

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➤ Types of Multinational Corporation (MNC)

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➤ Types of Multinational Corporation (MNC)

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➀ Multidomestic Corporation
➁ Global Company
➂ Transnational / Borderless Organisation

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Geocentric Attitude

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Polycentric Attitude

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Ethnocentric Attitude

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Parochialism

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TRADING ALLIANCES & GLOBAL TRADE MECHANISMS

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TRADING ALLIANCES & GLOBAL TRADE MECHANISMS

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➀ European Union (EU)
➁ Association of Southeast Asian Nations (ASEAN)
➂ North American Free Trade Agreement (NAFTA)
➃ World Trade Organisation (WTO)
➄ International Monetary Fund (IMF)
➅ Organisation for Economic Cooperation and Development (OECD)
➆ World Bank Group

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Chapter ➍ MANAGING IN A GLOBAL ENVIRONMENT

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Chapter ➍ MANAGING IN A GLOBAL ENVIRONMENT