Copyright

Communication & Decision-Making in Global Business Flashcards

Communication & Decision-Making in Global Business Flashcards
1/11 (missed) 0 0
Create Your Account To Continue Studying

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access
Reactive Decision-Making

Businesses use this type of decision-making to respond to events that have already occurred. If you don't make plans to handle emergencies, and one occurs, you will make this kind of decision.

Got it
Proactive Decision-Making

You make decisions before something happens with this kind of decision-making. It allows you to react quickly when new opportunities for success present themselves.

Got it
Cultural Differences in Business: Partnership Length

This difference relates to the fact that some countries only want short-term business deals, while others, such as India, want a deal that extends over a longer period.

Got it
Global Business Communication: Challenges

Language barriers, differing holidays and world events can all increase the difficulty of successfully using this kind of communication.

Got it
Global Business Communication

This type of communication involves connecting with people around the world. It requires the utilization of technology to be effective.

Got it
11 cards in set

Flashcard Content Overview

Working with these flashcards can help you review the differences between proactive and reactive decision-making. You'll be able to focus on the challenges associated with global business communication. Cultural differences related to respecting superiors, displaying work ethic and accepting outsiders are also addressed by this set. Furthermore, you can go over the uses of arbitration and mediation, as well as the role of the International Chamber of Commerce (ICC), with these cards.

Front
Back
Global Business Communication

This type of communication involves connecting with people around the world. It requires the utilization of technology to be effective.

Global Business Communication: Challenges

Language barriers, differing holidays and world events can all increase the difficulty of successfully using this kind of communication.

Cultural Differences in Business: Partnership Length

This difference relates to the fact that some countries only want short-term business deals, while others, such as India, want a deal that extends over a longer period.

Proactive Decision-Making

You make decisions before something happens with this kind of decision-making. It allows you to react quickly when new opportunities for success present themselves.

Reactive Decision-Making

Businesses use this type of decision-making to respond to events that have already occurred. If you don't make plans to handle emergencies, and one occurs, you will make this kind of decision.

Cultural Differences in Business: Respect for Superiors

This difference reflects the way employees relate to their managers. Some countries, such as India, value obedience to the degree that they will not say anything if a supervisor makes a mistake.

Cultural Differences in Business: View of Outsiders

The way people from different cultures see newcomers. Countries like Russia are very suspicious of strangers, making it hard for people from other areas to set up teams.

Cultural Differences in Business: Work Ethic

This refers to how different countries treat a dedication to work. Some areas, like Japan, are very dedicated and expect everyone to remain until all work is completed.

International Chamber of Commerce (ICC)

This organization sets rules, advocates for policies for businesses and helps businesses resolve disputes through arbitration.

Arbitration

A method for resolving disputes that involves a third party making a decision that is final and binding. It is the method with the most efficiency.

Mediation

Companies use this method to resolve disputes when they work with a neutral third party to reach a settlement. The third party makes suggestions, but they are not binding.

To unlock this flashcard set you must be a Study.com Member.
Create your account

Unlock Your Education

See for yourself why 30 million people use Study.com

Become a Study.com member and start learning now.
Become a Member

Already a member? Log In

Support