Pensum

Question 1

MUST-analysis

Answer 1

Macroeconomic Uncertainty Strategy
Step 1: Fundamental analysis
Step 2: Estimation of sensitivity
Step 3: Development of an adequate stratey

Question 2

What does MNE stand for?

Answer 2

Multinational enterprises

Question 3

What is a Scale up company?

Answer 3

A company that has a potential to grow fast, and has big market opportunities

Question 4

What is an expat?

Answer 4

Someone who take a job in another country where they are not from

Question 5

IRA

Answer 5

Inflation reduction act

Question 6

What is the four freedoms in the EU?

Answer 6

Goods, capital, people, services

Question 7

What is an AMC framework?

Answer 7

Awareness, Motivation, Capability.
A conceptual framework of awareness, motivation, capability indicating when firms are likely to attack and counterattack each other

Question 8

The different stages of a culture shock

Answer 8

1. Anticipation (pre-department excitement)
2. Honeymoon-period (excitement & enjoyment)
3. Frustration (missing home & friends)
4. Normalization (new friends & getting used to lifestyle)

Question 9

The different legal systems

Answer 9

Civil law
Common law
Religious law

Question 10

What does M&A stand for?

Answer 10

Mergers and acquisitions

Question 11

What is the three main types of formal institutions?

Answer 11

Political systems, economic system, legal system

Question 12

What is the three main types of informal institutions?

Answer 12

Culture, religion and language

Question 13

What is tree ways to systematically understand cultural differences?

Answer 13

Context, cluster, dimension

Question 14

What is the dimensions of Hofstede`s cultural dimenstions?

Answer 14

1. power distance
2. Individualism
3. Masculinity
4. Uncertainty avoidance
5. Long-term orientation
6. Indulgence

Question 15

What does MUST stand for?

Answer 15

Market
Unique value proportion
Scalability
Team

Question 16

Headwind

Answer 16

External factors or events that can SLOW down or HINDER economic growth.
EX. Rising interest rates, increases in taxes, geopolitical tensions, natural disasters

Question 17

Tailwind

Answer 17

External factors that SUPPORT economic growth
EX. Low interest rates, favorable demographic trends, technological innovation

Question 18

Institutional theory

Answer 18

Sociological perspective that focuses on how organizations, social structures, and cultural norms shape behavior and guide decision making within societies.

Question 19

What is CSR?

Answer 19

Corporate social responsibility

Business model that encourage companies to be socially accountable for their impact on the environment and the community in which they operate in.

Question 20

What is the OLI paradigm?

Answer 20

Ownership advantages - Processes that enable to compete effectively in foreign markets. EX. brand recognition, management expertise

Location advantages - advantages associated with the location of a foreign market, such as access to natural resources, proximity to customers or suppliers

Internalization advantages - advantages associated with the internalization of production activities within a company, rather than relying on external suppliers or distributors.

Question 21

VRIO

Answer 21

Value
Rareness
Imitability
Organizational

Question 22

Porters 5 forces

Answer 22

Threat of new entrants
Bargaining power of suppliers
Threat of new substitutes
Competitive rivalry

Question 23

What is the 4 ps`?

Answer 23

Product, price, promotion, place