MANGMT 3000 Chapter Notes - Chapter 4: Multinational Corporation, Joint Venture, E-Commerce
Document Summary
Globalization- the trend of the world economy toward becoming a more. Global village- refers to the (cid:498)shrinking(cid:499) of time and space as air travel and the electronic media have made it easier for the people around the glove to communicate with one another. E-commerce, or electronic commerce, the buying and selling of products and services through computer networks. Global economy- refers to the increasing tendency of the economies of the world to interact with one another as one market instead of many national markets. A multinational corporation is a business firm with operations in several countries. A multinational organization is a nonprofit organization with operations in. Ethnocentric managers- (cid:498)we know best(cid:499) and behavior are superior to all others. Ethnocentric managers believe that their native country, culture, language, Parochialism- s a narrow view in which people see things solely through their own perspective.
