After studying this chapter, you should be able to do the following:

16-1 Identify and discuss the reasons for increasing business globalization and the stages through which companies move from local to global operations.

16-2 Identify and discuss the five dimensions of Hofstede’s model of culture and how the GLOBE Dimensions differ from Hofstede.

16-3 Briefly discuss the Big Five personality traits in relation to international assignments and the advantages and disadvantages of parent-country, host-country, and third-country nationals for international assignments.

16-4 Explain issues involved in negotiating the assignment and the potential effects of culture shock on the expatriate employee.

16-5 Briefly define the options for compensation of expatriate workers.

16-6 Discuss the issue of business globalization and why it is so important.