Pensum Flashcards
MUST-analysis
Macroeconomic Uncertainty Strategy
Step 1: Fundamental analysis
Step 2: Estimation of sensitivity
Step 3: Development of an adequate stratey
What does MNE stand for?
Multinational enterprises
What is a Scale up company?
A company that has a potential to grow fast, and has big market opportunities
What is an expat?
Someone who take a job in another country where they are not from
IRA
Inflation reduction act
What is the four freedoms in the EU?
Goods, capital, people, services
What is an AMC framework?
Awareness, Motivation, Capability.
A conceptual framework of awareness, motivation, capability indicating when firms are likely to attack and counterattack each other
The different stages of a culture shock
- Anticipation (pre-department excitement)
- Honeymoon-period (excitement & enjoyment)
- Frustration (missing home & friends)
- Normalization (new friends & getting used to lifestyle)
The different legal systems
Civil law
Common law
Religious law
What does M&A stand for?
Mergers and acquisitions
What is the three main types of formal institutions?
Political systems, economic system, legal system
What is the three main types of informal institutions?
Culture, religion and language
What is tree ways to systematically understand cultural differences?
Context, cluster, dimension
What is the dimensions of Hofstede`s cultural dimenstions?
- power distance
- Individualism
- Masculinity
- Uncertainty avoidance
- Long-term orientation
- Indulgence
What does MUST stand for?
Market
Unique value proportion
Scalability
Team
Headwind
External factors or events that can SLOW down or HINDER economic growth.
EX. Rising interest rates, increases in taxes, geopolitical tensions, natural disasters
Tailwind
External factors that SUPPORT economic growth
EX. Low interest rates, favorable demographic trends, technological innovation
Institutional theory
Sociological perspective that focuses on how organizations, social structures, and cultural norms shape behavior and guide decision making within societies.
What is CSR?
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.
What is the OLI paradigm?
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.
VRIO
Value
Rareness
Imitability
Organizational
Porters 5 forces
Threat of new entrants
Bargaining power of suppliers
Threat of new substitutes
Competitive rivalry
What is the 4 ps`?
Product, price, promotion, place
