Chapter 11 & 12 Crossword Puzzle

The ability to absorb information, traditions, and cultural norms from around the world and be able to conceptualize how to make an impact in all environments.
Global teams are formed to enhance the efficiency of an organization by making effective use of the diversity of viewpoints. A global team is a group of employees selected from two or more country (cultures) who are brought together to coordinate, develop, or manage same aspect of a firm's global operations.
When these executives work across multiple borders, they can become global leaders. Succeeding globally means developing a global view while using local knowledge to understand particular business challenges in markets around the world.
The Social Loafing is the tendency of an individual to put less effort into the job when he is a part of the group, as compared to when he is working alone. The concept of social loafing can be further comprehended through a “free rider effect” and the “sucker effect”.
Unspoken and often unwritten set of informal rules that govern individual behaviors in a group. Group norms vary based on the group and issues important to the group. Without group norms, individuals would have no understanding of how to act in social situations.
The task of grouping a set of objects in such a way that objects in the same group (called a cluster) are more similar (in some sense) to each other than to those in other groups (clusters).
Contract manufacturing is an approach to international marketing in which a business pays, a foreign business to manufacture its product and market it in the foreign country, under the domestic businesses name. For example, Nike us contract manufacturers in South East Asia to produce their sporting goods.
The process of scanning international markets, with the intention of identifying and assessing opportunities for expansion.
Environmental scanning is a process that systematically surveys and interprets relevant data to identify external opportunities and threats. An organization gathers information about the external world, its competitors and itself. Interview or survey leaders of the company.
Arrangement where one party (the franchiser) grants another party (the franchisee) the right to use its trademark or trade-name as well as certain business systems and processes, to produce and market a good or service according to certain specifications.
An international joint venture (IJV) occurs when two businesses based in two or more countries form a partnership. A company that wants to explore international trade without taking on the full responsibilities of cross-border business transactions has the option of forming a joint venture with a foreign partner.
A business arrangement in which one company gives another company permission to manufacture its product for a specified payment. There are few faster or more profitable ways to grow your business than by licensing patents, trademarks, copyrights, designs, and other intellectual property to others.
According to the Business Dictionary, a management contract is an “agreement between investors or owners of a project, and a management company hired for coordinating and overseeing a contract." When an organization or business hires a management company, it is typically to carry out specific task.
International Economic Environment Defined. They include cultural and social influences, legal issues, demographics, and political considerations, as well as changes in the natural environment and technology.
Market indicators are used in technical analysis to forecast market trends. For example, the market breadth index is a commonly used market indicator that measures the number of rising stocks versus the number of declining stocks. An index of greater than 1.0 suggests a future rise in market indices.
Market screening is a useful first step for retailers or developers who are trying to identify the best locations in a large geography. The Strategic Edge has conducted numerous multi-state, regional, and nationwide screenings.
Using market segments as the basis for market selection. Term. Initial screening. Definition. Based on the basic need potential is a logical first step, because if the need is lacking, no reasonable expenditure of effort and money will enable the firm to market its goods or services
In social science research, social desirability bias is a type of response bias that is the tendency of survey respondents to answer questions in a manner that will be viewed favorably by others. It can take the form of over-reporting "good behavior" or under-reporting "bad," or undesirable behavior.
A strategic alliance (also see strategic partnership) is an agreement between two or more parties to pursue a set of agreed upon objectives needed while remaining independent organizations. A strategic alliance will usually fall short of a legal partnership entity, agency, or corporate affiliate relationship.
An exhibition organized so that companies in a specific industry can showcase and demonstrate their latest products and services, meet with industry partners and customers, study activities of rivals, and examine recent market trends and opportunities.
Trade mission is an international trip by government officials and businesspeople that is organized by agencies of national or provincial governments for purpose of exploring international business opportunities. A trade mission is a way in which countries or organizations can seek out potential buyers and sellers.
A trend analysis is a method of analysis that allows traders to predict what will happen with a stock in the future. Trend analysis is based on historical data about the stock's performance given the overall trends of the market and particular indicators within the market.
Turnkey or a turnkey project (also spelled turn-key) is a type of project that is constructed so that it can be sold to any buyer as a completed product.