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Transcript of Global Business Today Tomas Hult Comparing Views of Company Managers and Customers.
![Page 1: Global Business Today Tomas Hult Comparing Views of Company Managers and Customers.](https://reader035.fdocuments.net/reader035/viewer/2022070400/56649e615503460f94b5bd79/html5/thumbnails/1.jpg)
Global Business Today
Tomas Hult
Comparing Views of Company Managers and Customers
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Hello How are you?Globalization refers to the shift toward a more
integrated and interdependent world economy (including
globalization of markets and globalization of
production).
Globalization(IB11e Chapter 1)
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• How much of a company’s activities are global (in %): Today? In 5 years? In 10 years? In 20 years?
• n=3206 companies n=1692 customers
• Data from March 2015
2015 2020 2025 20350
102030405060708090
5663 68
73
55
6675
82
Firms Customers
Globalization(IB11e Chapter 1)
%
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Compared with now, customers expect a rapid increase in globalization10 to 20 years from now
Customers
With a similar starting point as customers, companies
expect a moderate increase in globalization in the next
five to 20 years
Companies
Globalization(IB11e Chapter 1)
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National Differences
Global Trade& Investment Environment
GlobalMonetary
System
Strategy andStructure ofInternational
Business
InternationalBusinessFunctions
Globalization
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• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
0.00
2.00
4.00
6.00
8.00
10.007.55 7.27 7.60
8.25 8.247.15
6.147.39 7.27 7.59
Companies Customers
Global Business Today
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
0.00
2.00
4.00
6.00
8.00
10.007.54 7.48 7.70
8.48 8.45
7.02 6.777.79 7.86 8.00
Companies Customers
Global Business in 5 Years
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
0.00
2.00
4.00
6.00
8.00
10.007.60 7.71 7.85
8.75 8.66
6.867.29
8.10 8.32 8.29
Companies Customers
Global Business in 10 Years
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Hello How are you?National Differences(IB11e Chapters 2 to 5)
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• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
10.00 7.55 7.54 7.607.15 7.02 6.86
Companies Customers
National Differences(IB11e Chapters 2 to 5)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Expectation for decrease in national differences
Customers
Expectation for modest increase in national
differences; in practical terms it is a flat trend
Companies
National Differences(IB11e Chapters 2 to 5)
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Hello How are you?Global Trade andInvestment Environment
(IB11e Chapters 6 to 9)
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• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
10.007.27 7.48 7.71
6.146.77
7.29
Companies Customers
Global Trade and Investment Environment(IB11e Chapters 6 to 9)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Expectation for consistent and greater period
increases in countries’ benefit from investment in
global trade
Customers
Expectation for consistent increases in countries’
benefit from investment in global trade
Companies
Global Trade and Investment Environment(IB11e Chapters 6 to 9)
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Hello How are you?Global Monetary System(IB11e Chapters 10 to 12)
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• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
10.00 7.60 7.70 7.857.39 7.79 8.10
Companies Customers
Global Monetary System(IB11e Chapters 10 to 12)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Foreign exchange, monetary system, and capital markets
will become significantly more important
Customers
Foreign exchange, monetary system, and capital markets
will become moderately more important
Companies
Global Monetary System(IB11e Chapters 10 to 12)
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Hello How are you?Strategy and Structure of International Business
(IB11e Chapters 13 to 15)
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• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
10.00 8.25 8.49 8.75
7.27 7.868.32
Companies Customers
Strategy and Structure of International Business(IB11e Chapters 13 to 15)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Strategy and structure of international business will become significantly more
important, but still be below companies
Customers
Strategy and structure of international business will become moderately more important, staying above
what customers think
Companies
Strategy and Structure of International Business(IB11e Chapters 13 to 15)
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Hello How are you?International Business Functions
(IB11e Chapters 13 to 15)
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• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
10.00 8.24 8.45 8.667.59 8.00 8.29
Companies Customers
International Business Functions(IB11e Chapters 16 to 20)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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The international business functions will become
significantly more important in the next 5
years; still below companies
Customers
The international business functions will become
moderately more important, staying above
what customers think
Companies
International Business Functions(IB11e Chapters 16 to 20)
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NATIONAL DIFFERENCES
Global Trade& Investment Environment
GlobalMonetary
System
Strategy andStructure ofInternational
Business
InternationalBusinessFunctions
Globalization
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Hello How are you?Political, economic, and legal systems are all a
function of the government (influences) in a nation.
National Differences in Political,Economic, and Legal Systems(IB11e Chapter 2)
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• National differences in infrastructure (e.g., political, economic, legal) are very noticeable across global markets: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
10.007.49 7.50 7.62
6.93 6.93 6.77
Companies Customers
%
National Differences in Political,Economic, and Legal Systems(IB11e Chapter 2)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Expectation for decrease in national differences in
political, economic, and legal systems
Customers
Expectation for modest increase in national
differences in political, economic, and legal systems
Companies
National Differences in Political,Economic, and Legal Systems(IB11e Chapter 2)
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Hello How are you?How the (macro-level) political economy
influences economic development of a nation.
National Differences inEconomic Development(IB11e Chapter 3)
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• National differences in economic development are very noticeable across global markets: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree2015 2020 2025
0.001.002.003.004.005.006.007.008.009.00
10.007.51 7.55 7.637.35 7.28 7.16
Companies Customers
National Differences in Economic Development(IB11e Chapter 3)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Expectation for decrease in national differences in
economic development
Customers
Expectation for modest increase in national
differences in economic Companies
National Differences in Economic Development(IB11e Chapter 3)
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Hello How are you?Culture is a system of values and norms that are shared among a group of
people and that when taken together constitute a
design for living.
Differences in Culture(IB11e Chapter 4)
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• National differences in culture are very noticeable across global markets: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
10.00 7.61 7.56 7.557.50 7.22 6.89
Companies Customers
Differences in Culture(IB11e Chapter 4)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Expectation for significant decrease in national differences in culture
Customers
Expectation for modest decrease in national differences in culture Companies
Differences in Culture(IB11e Chapter 4)
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Hello How are you?Business ethics are the accepted principles of right and wrong governing the
conduct of businesspeople; CSR (focus on environment) and sustainability (focus on stakeholders) are company-
level implementations of business ethics.
Ethics, Corporate Social Responsibility,and Sustainability(IB11e Chapter 5)
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• National differences in ethics, corporate social responsibility, and sustainability are very noticeable across global markets: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
10.00 7.59 7.56 7.596.80 6.66 6.61
Companies Customers
Ethics, Corporate Social Responsibility,and Sustainability(IB11e Chapter 5)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
![Page 37: Global Business Today Tomas Hult Comparing Views of Company Managers and Customers.](https://reader035.fdocuments.net/reader035/viewer/2022070400/56649e615503460f94b5bd79/html5/thumbnails/37.jpg)
Expectation for minimal changes in the next 10 years
but differences are less noticeable to customers
Customers
Expectation for minimal changes in the next 10 years
but differences are more noticeable to companies
(managers)
Companies
Ethics, Corporate Social Responsibility,and Sustainability(IB11e Chapter 5)
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National Differences
GLOBAL TRADE& INVESTMENT ENVIRONMENT
GlobalMonetary
System
Strategy andStructure ofInternational
Business
InternationalBusinessFunctions
Globalization
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Hello How are you?Trade theory explains (and justifies) why countries and companies from countries
trade across country borders.
International Trade Theory(IB11e Chapter 6)
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• Countries’ benefit from international trade is very noticeable across global markets: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
10.00 7.55 7.72 7.896.89 7.36
7.82
Companies Customers
International Trade Theory(IB11e Chapter 6)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
![Page 41: Global Business Today Tomas Hult Comparing Views of Company Managers and Customers.](https://reader035.fdocuments.net/reader035/viewer/2022070400/56649e615503460f94b5bd79/html5/thumbnails/41.jpg)
Countries’ benefit from international trade is less
noticeable than for companies but converges in
10 years
Customers
Countries’ benefit from international trade is and
will become more noticeable
Companies
International Trade Theory(IB11e Chapter 6)
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Government trade policy uses seven main
instruments: tariffs, subsidies, import quotas,
voluntary export restraints, local content requirements, administrative policies, and
antidumping duties.
Government Policy andInternational Trade(IB11e Chapter 7)
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• Countries’ government policies are very favorable toward international trade across global markets: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
10.007.18 7.36 7.59
6.156.79
7.26
Companies Customers
Government Policy and International Trade(IB11e Chapter 7)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Countries’ government policies are moderately
favorable toward trade, less than companies think
Customers
Countries’ government policies are moderately favorable toward trade,
more than customer thinkCompanies
Government Policy and International Trade(IB11e Chapter 7)
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Foreign Direct Investment (FDI) occurs when a firm
invests directly in facilities to produce or market a
product in a foreign country.
Foreign Direct Investment(IB11e Chapter 8)
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• Countries’ benefit from Foreign Direct Investment (FDI) is very noticeable across global markets: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree2015 2020 2025
0.001.002.003.004.005.006.007.008.009.00
10.007.24 7.40 7.67
5.88 6.486.96
Companies Customers
Foreign Direct Investment(IB11e Chapter 8)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Countries’ benefit from FDI is moderately noticeable, less than companies think
Customers
Countries’ benefit from FDI is moderately noticeable, more than customer think Companies
Foreign Direct Investment(IB11e Chapter 8)
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By regional economic integration, we mean agreements among
countries in a geographic region to reduce, and
ultimately remove, tariff and nontariff barriers to the free flow of goods, services, and factors of
production between each other.
Regional Economic Integration(IB11e Chapter 9)
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• The world is very regionally integrated across global markets: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
10.007.09 7.44 7.67
5.656.46
7.13
Companies Customers
Regional Economic Integration(IB11e Chapter 9)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Customers see the world as far less regionally integrated
than companies but becoming more integrated
Customers
Company representatives see the world as far more regionally integrated than
customersCompanies
Regional Economic Integration(IB11e Chapter 9)
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National Differences
Global Trade& Investment Environment
GLOBALMONETARY
SYSTEM
Strategy andStructure ofInternational
Business
InternationalBusinessFunctions
Globalization
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The Foreign Exchange Market is a market for
converting the currency of one country into that of
another country.
The Foreign Exchange Market(IB11e Chapter 10)
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• The Foreign Exchange Market is a very important part of global business: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
10.00 7.58 7.69 7.857.46 7.90 8.22
Companies Customers
The Foreign Exchange Market(IB11e Chapter 10)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Customers think the Foreign Exchange Market will
become more important over time than companies
Customers
Companies think the Foreign Exchange Market will become slightly more
important over timeCompanies
The Foreign Exchange Market(IB11e Chapter 10)
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The International Monetary System refers to the
institutional arrangements that govern exchange
rates.
The International Monetary System(IB11e Chapter 11)
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• The International Monetary System is a very important part of global business: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
10.00 7.59 7.68 7.807.19 7.54 7.82
Companies Customers
The International Monetary System(IB11e Chapter 11)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Customers also think the IMS will become more important over time,
converging in views with companies in 5 and 10 years
Customers
Companies think the International Monetary
System will become slightly more important over time
Companies
The International Monetary System(IB11e Chapter 11)
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The Global Capital Market includes investors
(companies, individuals, and institutions), market
makers (commercial banks and investment bankers),
and borrowers (individuals, companies, and governments)
The Global Capital Market(IB11e Chapter 12)
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• The Global Capital Market (e.g., borrowing and lending funds globally) is a very important part of global business: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00 7.63 7.72 7.89
7.52 7.928.25
Companies Customers
The Global Capital Market(IB11e Chapter 12)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Customers think the Global Capital Market will become significantly more important
over time
Customers
Companies think the Global Capital Market will become
slightly more important over time
Companies
The Global Capital Market(IB11e Chapter 12)
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National Differences
Global Trade& Investment Environment
GlobalMonetary
System
STRATEGY ANDSTRUCTURE OF
INTERNATIONALBUSINESS
InternationalBusinessFunctions
Globalization
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A firm’s strategy result in the actions that managers
take (or should take) to attain the performance
goals of the firm.
The Strategy of International Business(IB11e Chapter 13)
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• A company’s global strategy development is a very important part of a company’s overall global strategy: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree2015 2020 2025
0.001.002.003.004.005.006.007.008.009.00
8.35 8.57 8.84
7.348.05
8.65
Companies Customers
The Strategy of International Business(IB11e Chapter 13)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Global strategy is a very important part of a
company’s overall global strategy; customer catch up
to this view in 10 years
Customers
Global strategy is a very important part of a
company’s overall global strategy, more than
customers think
Companies
The Strategy of International Business(IB11e Chapter 13)
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By organizational architecture, we mean the
totality of a firm’s organization, including formal organizational
structure, control systems and incentives, processes, organizational culture, and
people.
The Organization ofInternational Business(IB11e Chapter 14)
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• A company’s organizational infrastructure is a very important part of a company’s overall global business efforts: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
8.18 8.49 8.75
7.26 7.818.20
Companies Customers
The Organization of International Business(IB11e Chapter 14)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Organizational infrastructure is important in global business efforts, but not as important as
companies think
Customers
Organizational infrastructure is an
important part of global business efforts, and will become more important
Companies
The Organization of International Business(IB11e Chapter 14)
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Here we focus on three closely related issues: (1)
the decision of which foreign markets to enter,
when to enter them, and on what scale; (2) the choice of entry mode; and (3) the role of strategic alliances.
Entry Strategy and Strategic Alliances(IB11e Chapter 15)
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• A company’s global entry strategy is a very important part of its global business efforts: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree2015 2020 2025
0.001.002.003.004.005.006.007.008.009.00
8.21 8.41 8.67
7.22 7.738.12
Companies Customers
Entry Strategy and Strategic Alliances(IB11e Chapter 15)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Global entry strategy is an important part of global
business, but not as important as managers of
companies think
Customers
A company’s global entry strategy is an important
part of its global business efforts, and will become
more important
Companies
Entry Strategy and Strategic Alliances(IB11e Chapter 15)
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National Differences
Global Trade& Investment Environment
GlobalMonetary
System
Strategy andStructure ofInternational
Business
INTERNATIONALBUSINESS
FUNCTIONS
Globalization
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Exporting and importing both refer to cross-country border trade (outbound and inbound). Countertrade is a barter-form of agreement,
e.g., shipping goods for other goods.
Exporting, Importing, and Countertrade(IB11e Chapter 16)
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• Basic trade across country borders (exporting, importing) is a very important part of a company’s business: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
8.30 8.46 8.697.73 8.27
8.63
Companies Customers
Exporting, Importing, and Countertrade(IB11e Chapter 16)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Basic trade across country borders is moderately
important, converging with companies’ greater
importance in 10 years
Customers
Basic trade across country borders is an important part
of a company’s business Companies
Exporting, Importing, and Countertrade(IB11e Chapter 16)
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Production refers to activities involved in creating a product. Supply chain
management refers to the integration and coordination
of logistics, purchasing, operations, and market
channels activities from raw material to the end-customer.
Global Production andSupply Chain Management(IB11e Chapter 17)
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• A company’s production and supply chain management is a very important part of a company’s overall global business efforts: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
8.31 8.49 8.767.85 8.35
8.69
Companies Customers
Global Production and Supply Chain Management(IB11e Chapter 17)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Production and SCM are important in global business, reaching
alignment with companies views in 5 and 10 years
Customers
Production and SCM are important parts of a
company’s overall global business efforts and will become more important
Companies
Global Production and Supply Chain Management(IB11e Chapter 17)
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Marketing deals with choices about product attributes, distribution
strategy, communication strategy, and pricing
strategy that a firm offers its target market (i.e., a market segment of the
global market).
Global Marketing and R&D(IB11e Chapter 18)
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• A company’s marketing and R&D efforts are a very important part of a company’s overall global business efforts: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
8.22 8.49 8.647.75 8.21
8.53
Companies Customers
Global Marketing and R&D(IB11e Chapter 18)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Marketing and R&D are important in global business, reaching
alignment with companies views in 10 years
Customers
Marketing and R&D are important parts of a
company’s overall global business efforts and will become more important
Companies
Global Marketing and R&D(IB11e Chapter 18)
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Human Resource Management (HRM) refers to the activities an organization carries out to use its human resource effectively. These
include human resource strategy, staffing,
performance evaluation, management development,
compensation, and labor relations
Global Human Resource Management(IB11e Chapter 19)
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• A company’s Human Resource Management efforts are a very important part of a company’s overall global business efforts: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
7.96 8.19 8.41
6.72 6.99 7.25
Companies Customers
Global Human Resource Management(IB11e Chapter 19)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Global HRM is less important for a company’s global business efforts and will stay about the same in
the next 10 years
Customers
Global HRM is very important for a company’s
overall global business efforts and will become
more important
Companies
Global Human Resource Management(IB11e Chapter 19)
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Accounting is shaped by country/regional
environments, although international standards are
becoming more used. Financial management deals with quantifying the benefits, costs, and risks flowing from
an investment in a given global location.
Accounting and Financein the International Business(IB11e Chapter 19)
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• A company’s accounting and financial management practices are a very important part of a company’s overall global business efforts: Today? In 5 years? In 10 years?
• n=3206 companies n=1692 customers
• Data from March 2015; Scores range from 1=strongly disagree to 10=strongly agree
2015 2020 20250.001.002.003.004.005.006.007.008.009.00
8.41 8.63 8.797.88 8.16 8.35
Companies Customers
Accounting and Financein the International Business(IB11e Chapter 19)
The margin of error for the company (managerial) sample (n=3206) is 1.59 percent, and the margin of error for the customer sample (n=1692) is 2.28 percent
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Accounting and finance are somewhat important and
will start catching up in importance levels over time to the views by companies
Customers
Accounting and financial management practices are
an important part of a company’s overall global
business efforts
Companies
Accounting and Financein International Business(IB11e Chapter 19)
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Global Business Today 9e International Business 11e
Charles W. L. HillG. Tomas M. Hult
Comparing Views of Company Managers and Customers