Global Mindset
Geographic Division Structure map
Corp HQ - Can = - US = - UK= - FR= Good for high local adaptaion, ex. Proctor and Gamble, Disney theme, newspapers
Globally integrated product group
Corp HQ - chemical product group = - consumer prodcut group = - automitive product group = good for high global integration Sony
Aspects of Global Mindset
Cosmopolitanism - openeess to new experiences, learning different POV beyong own home culture Cognitive Complexity - ability to think about the world in complex ways, integrating local factors
what is gaunxi
Guanxi is important at work and business because institutions are not as well developed in China at the moment so they have to rely on relationships. They can trust it more than the institutions and the laws.
international copy strategy
HQ - marketing - packaing - opertaional - financial good for first steps. they act as training wheels
US Foreign Corrupt PRactices ACt
Illegal for U.S. traded firms, managers and people in the US to attempt to achieve "unfair business advantage" through personal payments or political contributions. If legal in host country Allows "reasonable and monitored" gifts and hospitalities Narrow exception for "facilitation payments" ♂️
transnational learning (matrix)
North America - CA, MX, USA Europe - UK, FR Asia - JP, CH Chemical product group - Consumer goods - Automobile - they all meet with each other pro - hgh learning enviroment con - uses most resources, time, and money, communication could lack bc of decision making, 2 bosses
intercultural developmental model
ethnocentric stages 1. denial that cultural differences exits 2. defensiveness - denegrate other cultures to feel superior 3. minimization - "just be yourself, youllbe fine" ethnorelativistic stages 1. acceptance 2. adaptation - important in businesses 3. integration
entry modes: most risky --> less risky
most to least ---> wholly owned - grater knowlege of market joint venture - shared ownership franchise/licensning - min risk, speedy entry. con - lack control, licensing period is limited exporting - speedy entry, minimal risk. con - trade barriers, transport costs
steps for success in global virtual teams
no clear answer conflict - need to figure out how to mange
corruption
the abuse of power for private gain
executing strategy through expatriates
Low - Low = hired guns "free agents" low - high = go native high - low = leave their hearts at home high - high = see selves as dual citizens
supporting global mindset: MBI
Mapping - learning about differences Bridging: Being able to take the other group's perspective Integrating: Creating unifying ways to work together and build on strengths
how leaders differ around the world
autonomus (individualistic) (fr) vs empowering (finland) old, experienced (turkey) vs young and dynamic (us) technical (ger) vs mgmt expert (us)
Integration - Adaptation Tension
balancing local responsiveness and global integration in strategy and culture
Global mindset
To be able to develop clear objectives and standards for personal and business performance that are independent from the assumptions of a single country or culture (such as those of your own culture) and to implement those objectives and standards creatively and appropriately in different countries and cultures.
ehtnocentrism
believing one's culture is superior to to others, and others is lesser making assumptions of others based on limited experiences
bribery
an act done with the INTENT to give some advantage inconstant with official duty and rights of others
global & leadership effectiveness
universal facilitators - being trustworthy - just and fair - positive, dynamic - good communicaton universal impediments - being a loner, asocial - irritible, non cooperative - being dictorial
BAFA BAFA - what it taught you
what its like gonig to a culture you -dont understand, -lagungage you dont know -stereotype other cultures we dont know - at the end we end up prefering our own culture
Why is Global Mindset important?
you must be able to adjust when dealing with people from other cultures and backgrounds