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Globalization, Cultural Dimensions, and International Business: Key Concepts and Perspectives

Discusses globalization, cultural influences, and key aspects of international business.

Violet Stevens
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Globalization, Cultural Dimensions, and International Business: KeyConcepts and PerspectivesForeign direct investment is an attractive option for firms looking to diversify their investment portfolios, creating opportunities for firms looking toentering emerging marketstrueAs globalization becomes more embedded in daily life, tolerance must continue to increase in order to avoid unnecessary polarization--again reinforcing the notion that globalization is not assimilationtruethe global business manager must process a strong domestic awareness and must understand the unique factors that contribute to the success of global businessfalseadvocates for globalization believe that globalization promotes:protectionismthe global business manager must resist and urge to instinctively trust line managers and instead apply his or her disciplineand critical thinking capacity to formulate decisions that are most conducive to the international operatingenviromenttruewhich of the following is not true about globalizationis a new phenomenoninternational exchange is a recent conceptfalseunited states imports primarily came from which nation?germanystandardization requires that business people understand the seamless international marketplacetrue

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