Class 5-Globalization

#4 Mastery Phase
• Individual is able to participate fully in the host culture • “Biculturalism:” comfortable in his/her own culture as well as the foreign culture
#5 Re-entry or Reverse Culture Shock
• Occurs after return to own host culture • Re-adjustment back into original culture is difficult • Sometimes more surprising and difficult to deal with than initial culture shock
Reminder: Projects
• Reminder: should be doing research/working on the oral presentation • If you’re “Week 6,” we will start on Week 7 (not all groups on week 7), but oral presentation and written paper are due on the same day • Don’t forget to reference sources!
Culture Shock: Symptoms and Side-Effects
• Individual suffering: cynicism about the host culture, depression, lethargy, oversleeping, over-eating, substance abuse, withdrawal from people and tendency to stay at home • Symptoms continue with “reverse culture shock” back in home country • Some people never can overcome culture shock and reject the host culture
Today’s Idioms
What idioms did we learn last week? Do you still remember them?
Today’s Idioms
• Last week: Still remember?
– – – –
– – – –
To burn the midnight oil To burn the candle at both ends To work one’s fingers to the bone Mover and shaker
Globalisation could involve all these things!
Globalization
Homework:
• Finish chapter 4, p. 42-45 • Work on projects • Find out about a multi-national company- one that you admire or dislike. What do you admire about this company? What do you think they could do better?
Globalization a Good Thing?
Is globalization a good or a bad thing? Should we try to stop it or “manage” it? Come up with a list: • What are some good aspects of globalization? • What about its negative aspects?
Quiz #2
• At the top of the paper, write: your name, student number, “Quiz 2,” and today’s date: 3/29/2011 Then, answer these questions:
•
1. What is globaliБайду номын сангаасation? Write the definition. 2. What is the “globalization paradox?” Can you give an example?
What is globalization?
• Think of the definition. • Share it with your partner.
Globalization:
Making the World Smaller
Globalization
• Definition:
– An economic phenomenon? – A social phenomenon? – A cultural phenomenon?
#3 Adjustment Phase
• Life become more “normal” as individual adjusts to culture and learns about cultural cues • Development of a routine • Negative reactions to the culture are reduced
Culture Shock and Business
With a partner: • Imagine you are the head executives of a multinational corporation. The chiefs overseas have told you that culture shock is becoming a greater and greater problem for your employees living overseas. What will you do about it? • Come up with some company policies to address the problems of culture shock in the company.
Globalization by the Numbers
• $6 trillion= estimated value of international trade in goods and services • $1.5 trillion ($1,500,000,000,000) = volume of cross-border currency transactions in London, Tokyo, and New York per day • $300 = cost of a phone call from NY to London in 1930; now it’s $1 or even free • 600 million people= number of people who have moved out of poverty during the 1990s alone
Globalization
International Business Culture, Class 3 March 29, 2010
Today’s Discussion
• • • • Quiz #2 on the reading Review Culture Shock stages Idioms Globalization and its Effects
1. 2. 3. 4. 5. Honeymoon phase Negotiation phase Adjustment phase Mastery phase Re-entry/Reverse culture shock
You should know these steps and be able to explain them!
#1 Honeymoon Phase
• Fascination with the new culture • Tendency to romanticize everything as cool and different and exciting
#2 Negotiation Phase
• After some time, differences between old and new society become apparent and create anxiety • Building sense of disconnection • Feelings of loneliness and homesickness, especially because of communication barriers
(You’re) barking up the wrong tree Up to one’s neck (+ in something) Neck and neck Between a rock and a hard place
• Today’s idioms:
The 5 Stages of Culture Shock
Integration of Economies
• The increasing reliance of economies on each other • The opportunities to be able to buy and sell in any country in the world • The opportunities for labor and capital to locate anywhere in the world • The growth of global markets in finance