Managing In A Global Environment

Question 0

What are some reasons for wanting to expand internationally?

Answer 0

To: 
Increase market size
Improve return on investment 
Economies of scale and learning
Realise location advantage 
Lower cost effects

Question 1

What are the steps in the process of international strategic management?

Answer 1

Step one: reasons for expanding internationally
Step two: choose a strategy for international operations
Step three: choose a mode of entry
Step four: assess management issues and risks

Question 2

What are the four strategies for international operations?

Answer 2

Export strategy
Globalisation strategy
Multi domestic strategy
Transnational strategy

Question 3

What are the options for choosing a mode of entry?

Answer 3

Exporting
Licensing 
Joint ventures
Acquisitions 
Greenfield ventures

Question 4

When assessing the management issues and risks what are the three environments that need to be assessed?

Answer 4

Socio cultural environment
Economic environment
Legal and political environment