Global Strategic Rivalry Theory Flashcards
Who are the developers of global strategic Rivalry theory?
Paul krugman
Kelvin Lancaster
Refers to the obstacles a new firm may face when trying to enter into industry or new market.
Barriers to entry
An exclusive right granted for a new inventive and useful product, process or technical improvement to an existing invention.
Patent
A word, group of words, sign, symbol or logo that distinguishes your business goods or services from those of other traders
Trademark
A proportionate saving in cost (cost advantage) gained by increased volume of production.
Economies of scale
Experience produces competitive advantage over those without Experience in any endeavor.
Exploiting the experience of curve
2 economies of scale
Internal economies of scale
External Economies of scale
It is exclusive legal right to reproduce, publish, sell or distribute the matter and form of something.
Copyright
Refers to the creations of mind
Owning intellectual property
Focused on multinational corporations (MNCs) and how they get a competitive advantage by taking advantage of barriers to entry for a particular industry
Global Strategic Rivalry Theory
Activities engaged in by companies for the inventions of new products or services to remain competitive.
Research and Development
Refers to the economies that are unique to a firm.
Internal economies of scale
Refers to economies of scale enjoyed by an entire industry.
External economies of scale
Produce competitive advantage over those without experience in any endeavor
Experience
