Spring 2016
Guidance for Preparing for
Midterm Exam 1
MNGT 375
Sections 001
Professor Kopka
1
• Exam will be on Wednesday, February
24
• Exam will be all Essay
• Midterm Exam 1 covers Chapters 1, 2,
3 and 4 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
2
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,” and the Ikea case
– Be able to discuss all aspects of the Globalization Debate, pp. 2635
– 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
3
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
4
Chapter 3:
– Know and be able to explain, in broad terms, the
determinants of culture, pp. 96-115
– Be able to explain the connections between
culture and competitive advantage, pp. 120-123
– Know the characteristics of American culture
identified in class and be able to discuss their
impact on doing business globally
5
Chapter 4:
– Be able to explain the concept of ethical
dilemmas, its relevance to international
business, its connection to stakeholders,
and the importance of moral courage to
resolving ethical dilemmas, and
– Be able to identify and describe the roots
of unethical behavior, pp. 141-143
– Be able to identify and explain how
management can ensure that ethical
principles are followed in the organization,
pp. 150-156
6