Global
transactions of a commercial nature that involve companies
operating outside their home country.
Managing
overseas offices, branches, or subsidiaries of a multinational
organization.
(MNC)
A corporation that operates on a global scale with branches,
outlets, distribution centers, facilities, or sales in foreign
countries.
A
company that has diversified global operations but is controlled
through decisions made by a centralized cadre of executives at
the home office.
An
approach to managing a global company whereby the home&-office
executives impose standards, ethics, and values on those who
manage overseas operations.
The
fundamental belief in the superiority of one notion (race,
creed, or culture) over another.
A
company with diversified global operations in which authority is
decentralized, giving overseas managers broad&-based
authority for making decisions.
The
economic strength one nation has relative to others based on
natural resources, industrial technology, or cost&-effective
production. This strength permits favorable trade in gaining
needed goods and services.
A
strategy of selling domestic goods or services overseas, usually
through international brokers or distribution centers.
In
international business, the process of contracting with foreign
companies, granting them the rights to use proprietary
technology, patents, copyrights, or trademarks or to market
products and services.
A
special form of licensing based on a contract that grants to a
franchise the right to offer, sell, or distribute goods or
services through a business system created by the franchisor.
A
contractual alliance between two or more independent companies,
often including foreign government interests, to jointly invest
in and pursue a new commercial enterprise.
An
extension of domestic operations located overseas that is wholly
owned and managed by the parent company.
A
company organized under a foreign legal code with separate
liability and accountability, although wholly owned by a parent
corporation.
Professional
and commercial services that are offered through contracts or
provided to foreign customers through overseas branches and
subsidiaries.
The
condition of being equal in power, value, wealth, and status.
A
shared set of values and beliefs that determine patterns of
behavior common to groups of people; corporate culture refers to
patterns of behavior based on shared values and beliefs within a
particular firm.
