Chapter 8 - BUSN 450 Flashcards

1
Q

International strategy

A

refers to a range of options for operating outside an organisation’s country of origin.

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2
Q

Global strategy

A

involves high coordination of extensive activities dispersed geographically in many countries around the world.

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3
Q

Yip’s Internationalisation Drivers

A

1) Market Drivers 2) Cost Drivers 3) Competitive Drivers 4) Government Drivers

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4
Q

Porter’s Diamond

A

explains why some locations tend to produce firms with sustained competitive advantages in some industries more than others.

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5
Q

The four drivers in Porter’s Diamond

A

•factor conditions
•demand conditions
related and supporting industries
local firm strategy structure and rivalry.

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6
Q

Global sourcing

A

refers to purchasing services and components from the most appropriate suppliers around the world regardless of their location.

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7
Q

The global–local dilemma

A

relates to the extent to which products and services may be standardised across national boundaries or need to be adapted to meet the requirements of specific national markets.

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8
Q

The CAGE Framework

A

Cultural distance, Administrative and political distance, Geographic distance, Economic distance

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9
Q

Modes of entry

A

1) Exporting 2) Joint ventures and alliances 3) Licensing 4) foreign direct investment

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