Thursday, February 23, 2012

International Management: Culture, Strategy, and Behavior

The whole world is now connected electronically and psychologically; it is hard to imagine any business or nonbusiness organization that is not directly affected by globalization. Knowledge of international culture is important.

Book Review of
International Management: Culture, Strategy, and Behavior,
Fifth Edition of the Text book by
Richard Hodgetts, Florida International University
Fred Luthans, University of Nebraska
Year of publication 2003
McGraw Hill
The new, globalized, borderless economy is facing international managers. The premise has changed from unlimited growth to uncertainty and caution, but importantly, the premise of opportunity in global business remains unchanged. The uncertain economy and increasing geopolitical complexity simply levels the playing field for managers around the world. How managers respond, how they manage and turn the increasing threats into opportunities, becomes vital to success in today's environment.
Now, more than ever, all students must recognize that they will have the qualifier "international" in front of whatever their chosen career field. The whole world is now connected electronically and psychologically; it is hard to imagine any business or nonbusiness organization that is not directly affected by globalization. The challenge in the uncertain global economy is to learn and effectively practice international management. Those with the knowledge and skills to apply the contents of this text on international management will be taking a big step toward gaining a competitive advantage in today's uncertain, unprecedented environment.
The text takes a balanced approach to this fifth edition of International Management: Culture, Strategy, and Behavior. The authors  emphasize this balanced approach in the subtitle. The chapter distribution is: Environment (4 chapters), Culture (4 chapters), Strategy (4 chapters), and organizational behavior/human resource management (5 chapters). Obviously, since international management is such a dramatically changing field, all the chapters have been completely updated and improved.
An exciting dimension of this edition is the addition of all new chapter opening articles from Business Week. These are very recent, relevant, short news stories to get the readers' interest and attention before going into the chapter topic. A transition paragraph for the chapter follows these opening stories and at the end of each chapter, there is a pedagogical feature titled The World of Business Week-Revisited. This has a few discussion questions based on the opening news article that require drawing from the chapter material in order to answer.
Another end-of-chapter feature is an Internet Exercise. The purpose of these exercises is to use the Internet to find information from websites on prominent MNCs needed to answer relevant questions about the chapter topic. An end-of-book feature is International Manager Skill Building. These in-class exercises represent the various parts of the text (culture, strategy, and behavior) and give hands-on experience and actual skill building. Finally, the use of cases is featured. The two short end-of-chapter cases remain (and are updated). There are also intermediate length (3-4 pages) integrative cases positioned at the end of each part. About half of these cases are new to this edition. These cases were retained or newly selected for high-interest discussion and strategic analysis. Unlike the shorter end-of-chapter cases on a specific country (In the International Spotlight) and cases covering specific topics in the preceding chapter (You Be the International Management Consultant), which can be read and discussed in class, these longer, end-of-part cases normally would be read outside of class and then discussed in depth.

Along with the new or updated boxed application examples within each chapter and other pedagogical features at the end of each chapter (e.g., Key Terms, Review and Discussion Questions, The World of Business Week-Revisited, and Internet Exercise), the longer end-of-part cases, and the end-of-book skill-building exercises provide the complete package for relating text material to the real world of international management.
This edition includes power-point presentation slides for each chapter and a set of videos complementing many of the key concepts and examples from the text. International Management is generally recognized to be the first "mainline" text of its kind (strategy case books and specialized books in organizational behavior, human resources, and, of course, international business, finance, marketing, and economics preceded it, but there were no international management texts before this one).

(This review in based on the preface in the book)
You can access the book student resources from these links of the book publisher.
For each chapter, the following materials are available for students.

Contents: 5th Edition - Now the Web site is withdrawn by publisher

Chapter 1: Worldwide Developments
Chapter 2: The Political, Legal, and Technological Environment
Chapter 3: Global Competitiveness
Chapter 4: Ethics and Social Responsibility
Chapter 5: The Meanings and Dimensions of Culture
Chapter 6: Managing across Cultures
Chapter 7: Organizational Cultures and Diversity
Chapter 8: Intercultural Communication
Chapter 9: Strategic Planning
Chapter 10: Managing Political Risk and Negotiations
Chapter 11: Organizing International Operations
Chapter 12: Decision Making and Controlling
Chapter 13: Motivation across Cultures
Chapter 14: Leadership across Cultures
Chapter 15: Human Resource Selection and Repatriation
Chapter 16: Human Resource Development across Cultures
Chapter 17: Labor Relations and Industrial Democracy

8th Edition Contents

Home page of Student Resources of Eighth (8) edition

Chapter 1. Globalization and International Linkages

___________________________________________________________ Originally posted on Knol Knol number 159

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