Why should domestic managers have an understanding of globalization and international business? What are the current views regarding the future of globalization?

Answer questions:

1. Why should domestic managers have an understanding of globalization and international business? What are the current views regarding the future of globalization?

2. What is international business? What are the primary reasons that companies engage in international business?

3. In a short essay, identify and explain three competitive factors that influence international businesses.

4. Describe the four major theories discussed in your text that explain why motivation differs from one country to another.

5. What is the difference between a monochronic and polychronic culture? How do such cultural differences affect business practices for international firms?

6. What is the difference between a polycentric, ethnocentric, and geocentric approach to international management? What key factors should a firm consider before adopting one of these approaches?

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