Learning Objectives

3-1. Contrast the classification of businesses in the global village.
3-2. Define ethnocentrism.
3-3. Describe issues managers encounter through foreign trade.
3-4. Discuss diversity and inclusion and why they are important.
3-5. Describe the six major types of diversity groups and practices of managing diversity.
3-6. Compare and contrast the Hofstede national culture dimensions with Project GLOBE.
3-7. Rank the six forms that make a business a global one, in order from lowest to highest cost and risk.