Chapter 2 - The global business environment (parts 10-14) Flashcards
1
Q
Name the 5 parts of Porter’s Diamond (competitive advantage of nations)
A
Strategy, structure and rivalry Demand conditions Related and supporting industries Factor conditions Government
2
Q
Name 4 basic factor conditions
A
Land
Raw materials
Population
Climate
3
Q
Name 4-6 advanced factor conditions
A
Skills Education Infrastructure Knowledge Technology Communcations
4
Q
Name the BRIC countries
A
Brazil
Russia
India
China
5
Q
What is Foreign Direct Investment and give 2 examples
A
Where (often large MNEs) invest overseas.
E.g. o/s ownership of mines and manufacturing plants
6
Q
Give 4 examples of Corporate Political Activity
A
Donations to political parties or causes
Lobbying
Buffering - attempt to influence ahead of policy/decision being made
Bridging - ensuring co knows what is required and complies
7
Q
4 types of alliance
A
Franchising
Corsortia
Licensing
Joint venture
