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Global Business Dynamics: Understanding Culture, Strategy, and Management for Success

Explore the impact of globalization on the economy and organizations, including international trade and cultural dynamics. Delve into Hofstede's cultural dimensions and organizational behavior in a global context. Learn about manufacturing, distribution, and the essential elements for successful global management.

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Global Business Dynamics: Understanding Culture, Strategy, and Management for Success

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  1. Globalization of the Economy and the Organization • The global economy • International trade • Multinational organizations • Economic interdependence

  2. Dynamics of Culture • Culture shock • Cultural convergence • Cultural divergence

  3. Hofstede’s Dimensions of Culture Individualistic Collectivist High power distance Low power distance High uncertainty avoidance Low uncertainty avoidance Nurturing Achieving

  4. Manufacturing & Globalization Raw Materials Manufacturing & Assembly Distribution

  5. International Divisional Structure

  6. Global Structure

  7. Global Matrix Headquarters Region 1 Region 2 Product Group A Product Group B Foreign Subsidiary

  8. Organizational Behavior & Globalization • Individual processes • Perception and attitudes • Learning and motivation • Group processes • Leadership • Communication

  9. Globalization & Management • Understand the business environment from a global perspective • Learn the country’s culture • Interact with foreign colleagues as equals

  10. A Synopsis of Organizational Behavior Strategy Structure Culture Environ- ment Group Processes Individual Processes

  11. Continuing Issues • Importance of learning and knowledge • Impact of technology • Managing the remote work force

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