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Special Exercises
The German working environment is similar to the U.S.working environment.Nevertheless,U.S.managers working in Germany have to adapt.Navigating laws and customs can be challenging.For instance,traditional houses in Germany have been large,well-constructed buildings.They are expensive to build,but last for generations.They usually have three generations living under the same roof.This information has far-reaching implications for foreign managers working in Germany.Match the statement with the type of environmental challenge for international managers it describes.
-German road signs have no North,South,East,or West posted.Drivers must know if the city listed is in the direction they wish to travel.
Resource-Based View
A framework for understanding competitive advantage that emphasizes the strategic value of a firm's resources and capabilities.
Competitive Advantages
The attributes that allow an organization to outperform its competitors, including cost structure, product offerings, brand, and customer service.
Sustainable Competitive Advantage
A long-term, defendable position a company holds over competitors, often through unique resources, capabilities, or technologies.
Transferable
Referring to skills, knowledge, or qualities that can be applied in different roles or contexts.
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