Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

International Business & The Global Economy > International Strategy Essay Questions > Flashcards

International Strategy Essay Questions Flashcards

1
Q

what 5 dimensions might you apply in characterising the deepening commitment of an internationalilsing firm

A
  1. actively searches for opportunities rather than passively responding to proposals
  2. company handles it own foreign operations
  3. from production abroad to FDI abroad
  4. number of countries doing foreign business in
  5. dissimilarities between foreign and domestic culture
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

what are the 5 values to managers of the value chain perspective

A
  1. evaluate strengths and weaknesses
  2. interpret the determinants of a firm’s internal cost structure, the basis of its core competencies, and its relationships with customers
  3. link activites of the value chain
  4. assess feasability of international expansion and identify opportunties for strategic alliances and collaboration with distributors/suppliers who have complimenting strengths
  5. promotes overall evaulation and improvement
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

what are the 6 elements of the value chain that must be critically analysed when carrying out interrogration of the value chain

A
  1. assets
  2. resources
  3. acitivities
  4. capabilities
  5. relationships
  6. financial and operating data
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

what questions should be asked when evaluating the value chain

A
  1. do we leverage these to the maximum effect
  2. are they rare, valuable, difficult to immitate and lack substitutes
  3. do any of them restrain us
  4. what additional ones may we add to compliment existing ones
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

what is value chain configuration

A

the way in which managers arrange the activites of the value chain

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

what is value chain coordination

A

the way in which managers connect the activities of the value chain

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

what are the influences on configuration of the value chain

A

cost factors

political/economic factors

cluster effects

logistical practices

consumer needs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

what are the influences on coordination of the value chain

i.e. spatial location

A

minimising operational difficulties

cultural differences

subsidiary networks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What does the IR grid plot

A

global integration against local responsiveness

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

what is global integration

A

standardisation of products and services across markets for minimal costs and maximum efficiency

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

what is local responsiveness

A

acknowledging differences in customer culture, attitude and economic conditions across locations and adjusting products and services to suit these

also due to host countries policies and legislation eg around product regulations, labour laws

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

what are the 4 strategies that match the four quadrants of the IR grid

A
  1. global strategy
  2. international strategy
  3. transnational strategy
  4. multidomestic strategy
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

what strategy correlates to high pressure for global integration and high pressure for local responsiveness

A

transnational

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

what strategy correlates to low pressure for global integration and low pressure for local responsiveness

A

international strategy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

what strategy correlates to low pressure for global integration and high pressure for local responsiveness

A

multidomestic

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

characteristics of the international strategy

A
  • limited local presence
  • ethnocentric
  • transfer of core competencies
17
Q

characteristics of the multidomestic strategy

A
  • local managers given a lot of authority and autonomy
  • tailored goods and services
  • polycentric
18
Q

characteristics of the global
strategy

A
  • standardisation
  • economies of scale
  • centralised decision making
19
Q

characteristics of the transnational strategy

A
  • respond to local conditions while striving for efficiency and learning
20
Q

What are the main theories that attempt to explain internationalisation by firms

A
  1. Uppsala Internationalisation Models
  2. Innovation Related Internationalisation Models
  3. Dunning’s Eclectic Paradigm
  4. Transactions Cost Perspective
  5. Born Global Model
21
Q

explain in one sentence U-Model of internationalisation

A

small incremental steps to enter new markets with increasingly greater psychic difference

22
Q

explain in one sentence, I-Models of internationalisation

A

a learning approach to internationalisation where higher levels of stages represent more experience and involvement than lower

23
Q

what is an issue with the U-Model

A

lack of experience is an obstacle

but knowledge can be gained in other ways than experience

24
Q

what is an issue with the I-Model

A

hard to determine when firm begins each phase

e.g. difference in decision making in a big and a small company

BIG = lots of people involved, formal

SMALL = can be one person, less formal

25
Q

overall critiques of the U and I Models

A

oversimplified

ignores other decision making factors such as relationships, regulatory environments and competition dynamics

knowledge seen as barrier

26
Q

what is Dunning’s Eclectic Paradigm

A

OLI framework can help make decision to enter

27
Q

what is the OLI framework

A

O = Ownership specific advantages

L = Location specific advantages

I = Internationalisation specific advantages

28
Q

what are ownership specific advantages

A

do we have advantages over local players in the market that will allow u to overcome the liability of foreigness

28
Q

what are location specific advantages

A

what advantages will the location offer us

e.g. transport costs, cluster effects

29
Q

what are internationalisation specific advantages

A

which FEM, degree of resources committed and level of control

30
Q

what is the transaction costs perspective

A

considers asset specifity, transaction costs etc

but ignores other factors such as culture

31
Q

what is a born global firm

A

operates internationally from the early days of establishment

32
Q

how does the born global model challenge the U and I models

A

doesnt see knowledge as a barrier

doesnt view the domestic market as an important learning space

International Business & The Global Economy (27 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions