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International Management: Strategy And Culture In The Emerging World 1 Chapter 32
INTERNATIONAL MANAGEMENT Chapter 2: Culture and International Management 9 Chapter 2 CULTURE AND INTERNATIONAL MANAGEMENT Learning Objectives After studying this chapter, you should be able to: 1. Explain about different cultures that exist around the world. 2. Explain conceptual models for better understanding the world’s cultures. 3. Understand the impact of environmental factors on culture. 4. Identify distinctive management styles that exist in different countries. General Teaching Suggestions Provide an overview of the current scenario of global trade. Encourage discussion on the cultural challenges an international marketer could face in such a scenario. Citing relevant examples from global trade, encourage students
International Management: Strategy And Culture In The Emerging World 1 Chapter 32
INTERNATIONAL MANAGEMENT Chapter 3: The Economic, Legal, and Political Environment 16 Chapter 3 THE ECONOMIC, LEGAL, AND POLITICAL ENVIRONMENT Learning Objectives After studying this chapter, you should be able to: 1. explain the impact of economic, legal, and political environment on international management. 2. compare market economy to other types of economies. 3. distinguish the differences between civil law and common law. 4. identify Shari'a or Islamic law. 5. explain political risk. General Teaching Suggestions Introduce the environmental factors affecting management through an anecdote from business history. Encourage students to express their views on the story. Request the class to analyze
International Management: Strategy And Culture In The Emerging World 1 Chapter 32
INTERNATIONAL MANAGEMENT Chapter 5: Business and Functional Level Strategy 32 Chapter 5 BUSINESS- AND FUNCTIONAL-LEVEL STRATEGY Learning Objectives After studying this chapter, you should be able to: 1. Explain Porter’s Five Forces model to understand competition within an industry. 2. Distinguish Business-level strategies—low cost versus differentiation and broad versus narrow. 3. Explain Global versus multi-domestic strategies. 4. Explain functional strategies. 5. Explain Quality management. General Teaching Suggestions Introduce the topic of quality by referring to a leading brand. Students should be encouraged to examine the strategic measures leading to exceptional quality standards. Direct the discussion to business-level and functional level strategies.
Macroeconomics 4 Chapter 15
- 158 - CHAPTER 15 International Trade in Goods and Assets KEY IDEAS IN THIS CHAPTER 1. In the two-good model of an SOE, the representative consumer is always better off by trading on the world market for goods at the given terms of trade than by not trading. 2. In equilibrium, home production and consumption are determined by the conditions ,ab ab M RT TOT= and ,ab ab M RS TOT= respectively. 3. The two-good model predicts that an increase in terms of trade increases the production of good a at the expense of good b. The effect on the
Macroeconomics 4 Chapter 5
- 47 - CHAPTER 5 A Closed-Economy One-Period Macroeconomic Model KEY IDEAS IN THIS CHAPTER 1. A competitive equilibrium outcome is characterized by the equilibrium values of the aggregate output, consumption, employment, taxes, and the real wage (endogenous variables). 2. A competitive equilibrium outcome is the result of mutually consistent actions of the representative consumer, the representative firm, and the government. Actions of these economic units are said to be mutually consistent if the market in which labour is exchanged for goods clears and the government budget constraint is satisfied. 3. The equilibrium that markets settle upon is Pareto-Optimal. 4. The
Macroeconomics 4 Chapter 10
- 109 - CHAPTER 10 Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security KEY IDEAS IN THIS CHAPTER 1. The ideas of Chapter 9 are extended to cases where Ricardian equivalence may not hold, and government debt can matter. 2. Two key credit market frictions are asymmetric information and limited commitment. There is asymmetric information when participants in a particular market, or the two parties to a particular exchange have different information. In this chapter we are particularly interested in asymmetric information in credit markets – situations where borrowers know more about their credit-worthiness than do lenders. Limited commitment
Macroeconomics 4 Chapter 12
- 134 - CHAPTER 12 A Monetary Intertemporal Model: Money, Banking, Prices, and Monetary Policy KEY IDEAS IN THIS CHAPTER 1. Money performs three functions in an economy: a medium of exchange, a store value, and a unit of account. 2. The key measures of money are the monetary aggregates which are the sums of quantities of assets performing the functions of money. 3. The Fisher relation links the nominal interest rate, the real interest rate, and the inflation rate. The nominal interest rate is approximately the inflation rate plus the real interest rate, if the inflation rate is known in
Macroeconomics 4 Chapter 17
- 174 - CHAPTER 17 Money, Banking, and Inflation KEY IDEAS IN THIS CHAPTER 1. Money functions as a medium of exchange, a store of value, and a unit of account. 2. Commodity money or fiat money can overcome the double-coincidence-of-needs problem by providing a universally acceptable medium of exchange. 3. The monetary intertemporal model predicts that a higher growth rate of money increases the inflation rate and the nominal interest rate while decreasing output, consumption, and employment. 4. In this model, an optimal long-run monetary policy for the central bank is to follow the Friedman rule: the money growth rate
Macroeconomics 4 Chapter 6
- 62 - CHAPTER 6 Search and Unemployment KEY IDEAS IN THIS CHAPTER 1. The model constructed in this chapter is intended to explain Statistics Canada labor market data, and to organize our thinking about the role played by the labor market in the macroeconomy. 2. Key labor market variables are the unemployment rate, the participation rate, and the employment/population ratio. 3. In the Diamond-Mortensen-Pissarides (DMP) labor search model, on the supply side of the labor market, there are N consumers who choose between home production and labor market search. On the demand side of the labor market, firms can either