Examlex
The cell phone divisions of Toshiba,Sharp,and other Japanese companies prospered by focusing on the domestic market.When handset sales in Japan slowed a few years ago,the Japanese companies realized that Nokia,Motorola,and Samsung already dominated key world markets.Atsutoshi Nishida,president of Toshiba,noted,"We were thinking only about Japan.We really missed our chance." This example illustrates:
Cultural Assimilation
The process by which individuals or groups from different cultures are absorbed and integrated into the predominant culture.
Cultural Integration
The process of blending and aligning the values, norms, and practices of individuals from different cultural backgrounds within an organization.
Conglomerate
A large corporation comprised of diverse and often unrelated businesses or industries, operated under one corporate group.
Acquisition
The process of obtaining control of another company by purchase or exchange of stock.
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