MG2005 IMPORTANT

Question 1

what are the generic international strategy matrix

Answer 1

• global strategy
• international strategy
• transnational strategy
• multi-domestic localization strategy

Question 2

what is the international strategy

Answer 2

• involves expanding a company opertaions outside domestic market while maintaing a centralized management approach
• companies may establish partnership or jointp ventures with local business to navigate cultural and regulatory differences

Question 3

In international strategy what do they typically focus on

Answer 3

• the exporting of product, services ti foregin markets

Question 4

international strategy centralized or decentralized

Answer 4

however they keep decision making and product development centralised in the home country

Question 5

international strategy is useful for companies looking for?

Answer 5

Leveraging their resources and capabilities to access new markets without significant adaptations

Question 6

what is the global strategy

Answer 6

involves the standardization of product, services and market strategies adpating them to their target market.

Question 7

what is there global strategy main goal

Answer 7

to obtain economies of scale by producing and selling the same thing worldwide

Question 8

what does the global strategy emphasizes

Answer 8

the importance of efficiency and cost reduction and through centralized decision making , production and distribution

Question 9

what do global strategy still need to take into account

Answer 9

local responsivness and regulations to ensure market acceptance.

Question 10

what is transnational strategy

Answer 10

it is a combination of both intenational and global strategies.,

Question 11

what is the transnational strategy aim ?

Answer 11

to both have global integration and local responsivness

Question 12

transnational strategy centralised on decentralised

Answer 12

both. It keeps centralised key decision making and core competencies.
Yet keep decentralised market strategies, production development so that they can adapt to each market target.

Question 13

what does transnational strategy allows

Answer 13

global synergies while also remaining flexible and responsive to the adaptations of the local markets

Question 14

what is multi-domestic localisation strategy

Answer 14

it involvers the adaptation of products, services and marketing strategies to meet the preferences of the local markets

Question 15

what does multi-domestic localisation strategy priorities

Answer 15

customization and decentralization

Question 16

what do multi-domestic localisation strategy establish

Answer 16

they establish separate business units or subsidaries of each target market giving them autonomy to tailor their offering to local markets, cultural norms and regulatory requirements

Question 17

what is the goal of multi-domestic localisation strategy

Answer 17

to maximiza market shares and competitivness

Question 18

what is the john dunnings OLI framework

Answer 18

assumes that firms posses ownership specific advantage [o], location specific advantage [L], and internalization advantage [i] that drive their internalization strategies

Question 19

what is the emphasizes in the OLI framework

Answer 19

emphasizes using resouces from one country to another and considers market
- conditions
-assets
- institutions
-capabilites

Question 20

OLI Applications

Answer 20

understand why firms invest abroad and how they key their advantages int different places
useful for studying technolofy transfers and differences between devloped and developing economies in international investment

Question 21

OLI Drawbacks

Answer 21

doesn’t focus on indiviudal factos
social ties
or human capital

does not fully cover complexities of emerging markets and small firms

Question 22

johanson and vahle’s network internationalization model

Answer 22

it is a model that emphasized the importance of experential knowledge and learning in foreign market.

views internationalization as a process of increasing commitment and involvement over time. It aligns with the notion that firms start, with lower commitment activities [like exports] and progress to higher commitment modes [like FDI]

Question 23

application of johanson and vahle’s network internationalization model

Answer 23

understanding how firms expand internationally by leveraging relationships.

helps explain the importance of experential knowledge in the internatinalization process

Question 24

drawback of johanson and vahle’s network internationalization model

Answer 24

relies heavily on the assumption that firms learn and adapt gradually over time.

May not fully acount for rapid internationalization or born-global firms