For this exercise, assume you are the owner of a small electronics firm based in the American Midwest. Your research department has developed a cellular phone that translates conversations into any of 24 languages. From conversations with business associates and friends, you have identified two especially attractive overseas markets—Brazil and Australia. Use the CIA World Factbook to help you research these two countries.
1. What is the total population for each country? Which country’s population is growing the fastest? What is the median age?
2. Compare the government types for each country. What type of legal system does each have?
3. Which country has the largest number of cellular phones in use? What percentage of the population uses cellular phones?
4. Based on your research, which country, Brazil or Australia, would you choose to introduce your product? Why?
Greenwich Industries entered the Latin American market in the 1950s by forming a joint venture with Industro Viejes in Santo Ignezeto to manufacture bicycle parts. The joint venture flourished in the 1960s, and Greenwich eventually bought out 100% ownership. The company earned steady profits from the Latin American subsidiary until a military junta overthrew the government in the late 1970s. The ruling generals expropriated all foreign-owned companies, including the Santo Ignezeto bicycle parts plant.
Today Santo Ignezeto is ruled by a democratic government that has been in power for 10 years. Industro Viejes has approached Greenwich about another joint venture. The government is offering an attractive incentive package to attract foreign investment.
You have been assigned to travel to Santo Ignezeto and begin planning and staffing.
1. What are the potential problems that face the new venture?
2. What are the potential advantages of this venture for the company?
3. Would you recommend entering the joint venture? Why or why not?
4. If Greenwich Industries partners with Industro Viejes, would you recommend hiring local managers or American managers for the top and middle management positions? Why?
Watch the video and answer the below questions:
1. What major factors affect Domino’s or any other major company in dealing in global markets?
2. Why does Domino’s carefully research supply chain potential before it decides to enter a global market?
3. What delivery problems could Domino’s face in dealing with various global markets?
Ch 4 Questions
1. How do worry and anxiety impair rational decision making?
2. What strategies can mitigate the impact of anxiety during negotiations?
Ch 5 Questions
1. What brain regions are most involved in decision making and emotional regulation?
2. How does understanding brain function help negotiators manage conflict?
Ch 6 Questions
1. What role do cognitive processes play in evaluating negotiation options?
2. How can cognitive overload affect conflict resolution?
Ch 7 Questions
1. How does the limbic system influence emotional responses in conflict?
2. What is the relationship between emotional triggers and negotiation behavior?
Ch 8 Questions
1. How can emotions both help and hinder conflict resolution?
2. What are effective ways to manage emotional escalation in negotiations?
Ch 9 Questions
1. Define emotional intelligence and explain its relevance in negotiation.
2. How can emotional intelligence improve relationship management in conflict?
