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Going Global. Kevin M Brett November 14, 2012. “Shaken, Not Stirred…”. Istanbul, Turkey M16 Hdqrs. Shanghai, China Macau, China London “Tube” Scottish Highlands “Skyfall”. Globalization: A Fact of Life. “The World is Flat” Digital Communication Two-Way Symmetrical
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Going Global Kevin M Brett November 14, 2012
“Shaken, Not Stirred…” • Istanbul, Turkey • M16 Hdqrs. • Shanghai, China • Macau, China • London “Tube” • Scottish Highlands • “Skyfall”
Globalization: A Fact of Life • “The World is Flat” • Digital Communication • Two-Way Symmetrical • English: Lingua Franca? • Anywhere in One Day • Outsourcing/Insourcing
Worldwide Competition • Olympics • World Cup • Grand Slams • Intellectual Property • Subsidized Businesses • Tech Transfer • New Middle Classes • Protectionism • Free Markets?
“Business Is War” • No Biz Is Totally Safe • Everything is in Play • Faced Extinction • Predatory Pricing • Sanctions • Temporary Peace
Respecting Culture vs. Going Native • Speak the Language? • Understand Culture? • Local Media? • Frustrate Easily? • Politeness • Patience
Geert Hofstede: Cultural Dimensions Theory • Five Dimensions • Power Distance • Individualism • Uncertainty Avoidance • Masculinity • Long-Term Orientation
Power Distance High Low United States Austria Israel • Mexico • Saudi Arabia • China
Individualism/Collectivism Individualism Collectivism China Japan Russia Latin America • United States • Canada • Western Europe
Uncertainty Avoidance Tolerant Intolerant Japan China Greece • United States • Great Britain • Sweden
Masculinity/Femininity Competitive Compassion Sweden Netherlands Spain • Germany* • Japan • United Kingdom
Long Term/Short Term Long Term Short Term United States Canada Western Europe • China • Japan • Hong Kong
Foreign Corrupt Practices Act • Since 1977, Illegal Under U.S. Law to Bribe Foreign Officials • Arose From “Bananagate” • Lockheed Scandals • Allows “Grease” or Facilitation Payments (e.g., US Passport, $60) • What About “Jollies?” • “Transportation Money?”
Working Overseas? • Corporations (e.g., US-Based; Foreign Based) • Public Relations Agencies (e.g., Edelman, 40+ Offices Around the World, 4,000 Employees) • NGOs (e.g., Red Cross, Amnesty International, Greenpeace…) • Multilateral Approaches (e.g., UN, EU, ASEAN) • Speak the Language; Respect the Culture