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BUAD 331 Supply Chain Management Exam 4
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- BUAD 331 Supply Chain Management Exam 4
BUAD 331 Supply Chain Management Exam 4
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BUAD 331 Supply Chain Management Exam 4International - -This term should only be used when a company engages in
business (e.g. Sourcing or Sales) in a country other than the one in which it is
based.
-Global - -This term should only be used for companies that engage heavily
in international business and develop a strategy for doing business around
the world.
-Contracts in Asian and Latin Cultures - -Can be viewed as a 'starting point'
for a discussion and one of many reference points in a relationship.
-Power Distance Index (PDI) - -This dimension expresses the degree to
which the less powerful members of society accept and except that power is
distributed unequally.
-Individualism Versus Collectivism (IDV) - -The high side of this dimension
can be defined as a preference for a loosely-knit social framework where the
low side of this dimension is the opposite.
-Masculinity Versus Femininity (MAS) - -The Masculinity side of this
dimension represents a preference in society for achievement, heroism,
assertiveness and material rewards for success. Society at large is more
competitive. Its opposite, femininity, stands for a preference for cooperation,
modesty, caring for the weak and quality of life. Society at large is more
consensus-oriented. In the business context Masculinity versus Femininity is
sometimes also related to as "tough versus tender" cultures.
-Uncertainty Avoidance Index (UAI) - -This dimension expresses the degree
to which the members of a society feel uncomfortable with uncertainty and
ambiguity.
-Long Term Orientation Versus Short Term Normative Orientation (LTO) - -
This dimension either values time-honored traditions and norms or
encourages thrift and efforts in modern education as a way to prepare for
the future.
-Indulgence Versus Restraint (IND) - -This dimension either allows relatively
free gratification of basic and natural human drives related to enjoying life
and having fun, or suppresses gratification of needs and regulates it by
means of strict social norms.
-Hofstede's Cultural Dimensions - -power distance, individualism,
masculinity, uncertainty avoidance, long-term orientation
, -Automotive sector - -The __________ __________ is an example of an industry
that has long used a global approach and built complex supply chains to
serve markets around the world.
-Industrial Commons - -an ecosystem that springs up around a particular
industry or process
-Shenzhen, China - -This is an example of an industrial commons for being a
global hotspot for not only technology manufacturing but also design and
company start-ups.
-Electrolux Refrigerators - -This company must heavily modify the size of
their product to adapt to international markets.
-Regional Strategy - -An approach where companies can take advantage of
reasonably similar cultures that often want similar products and design a
supply chain that sources, manufactures, and sells products in country
groupings (e.g. North America or Asia)
-IKEA and Toyota - -These are examples of companies that have had great
success in internationalizing for their understanding of cultural differences
-Reasons why a company might consider expanding its supply chain
internationally - --To obtain access to lower-cost suppliers
-To take advantage of a skilled labor base in another country
-To support international expansion of sales
-To fend off competition from an international competitor
-What is the biggest cause of difficulties in working with another culture? - -
Different ways of making business decisions and approaching business
-Which supply chain strategy is most popular with companies today? - -
Regional strategy that groups countries into clusters
-Features of International Trade - -1) Sovereignty of Nations
2) Bretton Woods
3) IMF
4) World Bank
5) GATT
6) WTO
7) Doha Round
8) FTAs
9) US ITC
10) Harmonized Commodity Description and Coding System
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