Isuzu Potential Business Client for GM

On September 19, Bloomberg.com released information stating that "General Motor may sell its truck operations" to the well-known Japanese automobile company, Isuzu Motor Ltd. Should this occur, I would support GM's and Isuzu's negotiation because Isuzu happens to produce great-quality vehicles that are sturdy and long-lasting. Partnering with Isuzu could be very promising for GM. Because of Isuzu's strong reputation for making quality vehicles, this could boost GM's reputation and put GM's business back on track where it needs to be. On the contrary, this means that because GM is selling half its business to Japan, that is less money going into our economy, which only contributes to the further decline of our economy.

Interesting business terms that I happen to like

1. What is international management?
(Me) Multinational management objectives based from home.

2. International management is pursuing organizational objectives in international and cross-cultural settings


3. What is global company?
(Me) Companies in different parts of the globe function under home-based objectives.

4. Global company is a multinational venture centrally managed from a specific.

5. What is transnational company?
(Me) Companies operating globally independently with no particular origin.

6. What is cultural Intelligence?
(Me) Intelligence used to socialize and live in a foreign country as a foreigner similarly to the natives living there.

7. What is ethnocentric attitude?
(Me) Attitudes based on home-orientated.

8. What is polycentric attitude?
Attitudes based on host countries in replace of the home-based country.

9. What is geocentric attitude?
World-orientated attitude. Believe to be the most productive attitudes.

10. What is culture?
Behavior patterns viewed as reasons as to why people do certain things.

11. What are high-context cultures?
Cultures in which nonverbal language and situational language is used.

12. What are low-context cultures?
Cultures in which spoken language is prominent.

13. What are collectivist cultures?
Cultures that capture different cultures globally to produce a better culture.

14. What is monochronic time?

15. What is polychronic time?

16. What is culture shock?
Culture shock is when

17. What is cross-cultural training?
Training that involves workers working abroad to develop the most challenging crisis' of working abroad.

Today's Class Discussion: 9/11/2008

Globalization, in plain language, is any service provided or product produced in one country for sale in another country. Examples include but are not limited to children's toys made in China, customer service operators in India, and tomatoes from Mexico. It's nearly impossible to run away from globalization when your morning coffee is imported from Columbia, your car was manufactured in Japan, and your shoes were made in Italy.

The evolution of product quality places strong emphasis on continuous improvement.More specifically, the evolution of product quality is associated with four different approaches; the fix-it approach to quality, the inspect-it-in approach to quality, the build-it-in approach to quality, and the design-it-in approach to quality. The fix-it approach requires inspectors to refurbish defective products. The inspect-it-in approach calls for inspectors to "sample work in a process and prescribe machine adjustments to avoid standard output," according to Kreitner. The build-it-in approach gives responsibility to every person who touches the product to detect and correct defects, and to "identify and eliminate causes of quality problems." Lastly, the design-it-in approach mandates customers as well as employees to participate in the entire design-production cycle. The build-it-in and design-it-in approaches are popularly labeled total quality management, or TQM.

General Motors: International Management and Cross-Cultural Competence

International management is pursuing organizational objectives in international and cross-cultural settings. In simplified terms, large companies attempt to establish an organized and well developed business in foreign countries. A perfect example of this is General Motors (GM.) GM is a U.S. based business, however, the company has established relations in several countries, including China, employing approximately 284,000 people around the world and manufacturing cars and trucks in 35 different countries.

According to "Management" by Kreitner, cross-cultural competence is a combination of cultural intelligence- "the ability of an outsider to read individual behavior, group dynamics, and situations in a foreign culture as well as the locals do"- and a geocentric attitude, which is a world oriented view that draws o the best talent from around the world.

GM demonstrates great cross-cultural competence by hiring 284,000 employees around the world who help run a company that produces motor vehicles in 35 different countries around the world that are exclusive to each region's needs and desires, therefore making the company quite successful.

How much do I know about Chapter 1 (Continued)

1. What are some/an example of management?
Any leader of an organization delegating responsibility or receiting objectives and making sure they get done in efficient manners.

2. What are some examples of effectiveness?
Ordering supplies for your company on -time!

3. What are some examples of efficiency?
Using as little resources as possibly and ordering from the cheapest producers.

4. What is an example of offshoring?
Dell utilizing factories overseas employing foreigners.

5. What is an example of E-business?
Ebay

6. What is an example of managerial skills?
What President George Bush lacks as the manager of the US.

7. What is an example of managerial functions?
Objectives all managers should do.

8. What is an example of small business?
PetCo
9. What is an example of entreprenuership?
JayZ taking to risk to make music and his current status now.

Who invented the transistor?

The Bipolar Junction Transistor was invented by two scientists, William Sahkely, John Bardeen and Walter Brattain, in 1948. The two of them both worked at Bell Labs, and were trying to find something to replace the bulky and heat wasting vacuum tubes. They had been trying to make a Field Effect Transistor using copper oxide when they discovered a different amplifying effect produced by closely-spaced metal contacts touching Germanium semiconductor. They won the Nobel Prize in Physics for their work in 1956, along with William Shockley, who improved upon their design.
When the Bell Labs scientists continued to investigate a possible FET transistor, they discovered that one of these had already been patented by Physicist J. Edgar Lilienfeld. Lilienfeld's insulated-gate FET (or MOSFET) was based on thin film semiconductor deposited on glass, and was invented over 25 years before the BJT, in the early 1920s (http://www.physlink.com/education/AskExperts/ae414.cfm)

GM demands 50 billion from the government

GM believes that the government should grant them $50 billion in loans. Representatives from GM believe that US automakers need to build more fuel-efficient vehicals. They will only contribute their part to that if congress grants them this loan by September. This is also a matter of National emergency because auto retailers were more concerned with getting consumers to purchase non-fuel-efficient vehicals and trucks. I believe GM has a valid point but don't neccesarily agree with their way of being heard.

More business terms.

1. What is management?
(Me) Management is skills and organization used to regulate responsibility and how and when things get done in a business.

Management is the process of working with and through others to achieve organizational objectives in a changing environment.

2. What is effectiveness?
(Me) Effectiveness is making sure something gets done.

Effectiveness entails promptly achieving a stated objective.

3. What is efficiency?
(Me) Efficiency is how well something gets done.

Efficiency is a central element in the process of management that balances the amount of resources used to achieve an objective against what was actually accomplished.

4. What is offshoring?
(Me) Off shoring is the controlling of a business overseas.

Offshoring is a controversial practice of sending jobs to low-wage countries.

5. What is the internet?
(Me) The internet is global information available on the World Wide Web through the use of anything providing internet service ex. computers, pda...

A global network of servers and personal and organizational computers.

6. What is E-business?
(Me) E-business is business done on the net.

E-business is a business using the internet for greater efficiency in its operations.

7. What are managerial functions?
(Me) Managerial functions are different responsibilities for management.

Managerial functions are general administrative duties that need to be carried out in virtually all productive organizations to achieve desired outcomes.

8. What are managerial skills?
(Me) Managerial skills are different qualities managers should execute efficiently.

Managerial skills are specific, observable behaviors that effective managers exhibit.

9. What is small business?
(Me) Small business are businesses whose population size are less than 100 people.

Small business is an independently owned and managed profit seeking enterprise with fewer than 100 employees.

10. What is entrepreneurship?
(Me) Entrepreneurship who someone who takes risk and is eager to starting their own business.

Entrepreneurship is the process of pursuing opportunity without regard to resources currently under ones control.

100 Anniversary

General Motors has a history of producing quality vehicles and just recently celebrated their 100th Anniversary. Some things they're doing to celebrate is launch an 100th Anniversary sales event offering employee discounts on all remaining 2008 models. FLA is also inviting Flint area residents to submit photos of their favorite car or truck to be posted on a Ford Graphics gallery.