1 Fall 2015 Guidance for Preparing for Midterm Exam 1 MNGT 375 Sections 001 Professor Kopka

2 Exam will be on Wednesday, September 23 Exam will be all Essay Midterm Exam 1 covers Chapters 1, 2, and 3 and class discussions. Review your lecture notes and especially the key points identified on the following slides. Bring your own pen/pencil and paper for the exam

3 Chapter 1: –Be able to explain the meaning of globalization and the concepts Globalization of markets Global products Global customers Globalization of production Global companies –Be able to identify and describe the functions of the primary global institutions and their origins in the Great Depression –Be able to explain the three drivers of globalization and why they have contributed to globalization. Be able to explain how these three drivers are evident in Freidman’s article “It’s a Flat World, After All,” the Ikea case, and Chapter 1 Discussion Question No. 7, p. 39 –Be able to discuss all aspects of the Globalization Debate, pp –Think about the Tom Friedman article “It’s a Flat World, After All” and the class discussion of the article to be able to summarize its contents and explain its implications for college graduates and their future careers

4 Chapter 2: –Be able to explain political systems and the differences between ownership and political processes –Be able to identify and describe all of the types of legal systems, including the “Law of the Jungle” discussed in class –Be able to explain and contrast the traditional concepts and measures of economic development with broader conceptions of development as advocated by Joseph Stiglitz and Amartya Sen and discussed in class –Be able to explain the determinants of economic development –Know and be able to explain the elements of economic liberalization/transformation –Be able to explain lessons for international business from Research Task Exercise 1, p. 87

5 Chapter 3: –Know and be able to explain, in broad terms, the determinants of culture, pp –Be able to explain the connections between culture and competitive advantage, pp –Know the characteristics of American culture identified in class and be able to discuss their impact on doing business globally