1.Give a brief definition of globalization. What is the difference between the globalization of markets and the globalization of production? Include an example of each. What are the 2 main drivers of globalization
- The text talked a lot about collectivism and individualism. What do each mean and how does it relate to whether a country leans more to democracy or totalitarianism? Does your case study (Germany) stress the well being of the collective or individualism? Explain.
- Explain what we mean by innovation and entrepreneurship. Why is a market economy more likely to promote both than a totalitarian economy? What is the implication of this fact for economic development? What is the implication of this fact for managers?
4.List and explain at least 3 determinants of a country’s culture. The assigned video for chapter 4: “Culture Series: Cultural Change” indicated there are 4 major factors that bring about cultural change. What are those 4 and briefly discuss 2 of the 4.
5.When we talk about sustainable business practices, what are we talking about?
