3.On page 125 the textbook presents three different managerial attitudes towards
ID: 402878 • Letter: 3
Question
3.On page 125 the textbook presents three different managerial attitudes towards foreign operations: ethnocentric, polycentric, and geocentric. Let%u2019s correctly define each of these and identify a situation when each would be the appropriate attitude.
If you were being considered for a position in a foreign country, how could you show that you held a geocentric attitude? In this case, pretend you have never held a foreign management position and you don%u2019t speak a different language.
4.Look at the steps in the planning process beginning on page 161. The first thing I notice is that step one is to establish goals or objectives. Before we figure out how to reach our goals, we have to know what those goals are! All other managerial decisions are based on the goals or objectives of the organization. Planning always comes first.
Develop an example of planning in personal decision making. Perhaps you will discuss the steps as they relate to planning a family vacation, finding a new job, buying a new house, sending your child to college, or something else important to you personally. Use the steps to develop your plan and share it with us so that we may comment on it and help you improve your plan.
5.Often we don%u2019t reach our goals because we have not articulated them carefully. I remember many times when I would review an employee%u2019s performance and realize I could not really comment because the stated objective did not accurately describe my expectations. Perhaps I would ask that the employee have a good attendance record. What they thought was a good attendance record and what I thought was a good attendance record turned out to be very different!
Select one of the following objectives and then use the information on establishing quality objectives to improve them:
Explanation / Answer
Let's consider an example. The simple decision to get out of bed at six o'clock on a Saturday morning may have been made the night before, after considering what you intended for the next day. Although you would have preferred to sleep in, you knew you had to arrive at work early. To get up on time, you went to bed a little early, set the alarm, and asked your parents to help make sure you got up on time. Whether you realize it or not, you planned the steps needed to reach a short-term goal (a very short-term goal). The goal was to get up early, and the steps taken to reach the goal were going to bed early, setting the alarm, and asking your parents to help make sure you were out of bed on time.
Simple, isn't it? So what's the big deal? Unfortunately, we often give a large amount of thought to planning little actions, but we give little thought to the bigger goals that are critical to our long-term well-being. Financial planning is an action that should be very high on our list of things to plan. Many individuals go through the daily routine of working, paying bills, and spending money without engaging in any proper planning or the consideration of consequences. It becomes a cycle, without much thought or planning. Whether we choose to spend time planning and making financial decisions will have a great deal to do with our future well-being.
. having the earth at its centreDECISION MAKING
Every day of our lives we also make decisions. The decision may be as simple as getting out of bed in the morning, or it may be much more complex, such as deciding whether we should attend college or a technical school. One decision often leads to another (and another, and another).
Let's consider an example. The simple decision to get out of bed at six o'clock on a Saturday morning may have been made the night before, after considering what you intended for the next day. Although you would have preferred to sleep in, you knew you had to arrive at work early. To get up on time, you went to bed a little early, set the alarm, and asked your parents to help make sure you got up on time. Whether you realize it or not, you planned the steps needed to reach a short-term goal (a very short-term goal). The goal was to get up early, and the steps taken to reach the goal were going to bed early, setting the alarm, and asking your parents to help make sure you were out of bed on time.
Simple, isn't it? So what's the big deal? Unfortunately, we often give a large amount of thought to planning little actions, but we give little thought to the bigger goals that are critical to our long-term well-being. Financial planning is an action that should be very high on our list of things to plan. Many individuals go through the daily routine of working, paying bills, and spending money without engaging in any proper planning or the consideration of consequences. It becomes a cycle, without much thought or planning. Whether we choose to spend time planning and making financial decisions will have a great deal to do with our future well-being.
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