session 2

Question 1

Schotter & Beamish (2013). The hassle factor: An explanation for managerial location shunning.

Driven by ->

Answer 1

Bounded rationality and managerial bias

Question 2

top 3 hassle factors

Answer 2

1. Local transport
2. Climate
3. Business facilitation

Question 3

Institutions are…, providing..

types of institutions + examples

Answer 3

socially constructed, provide certainty and predictability

Formal (regulative) -> laws/regulations
Informal (cognitive/normative) -> ethics/norms/culture

Question 4

During times of institutional change

Answer 4

Informal institutions become particularly important

Question 5

How to overcome liability of foreignness

Answer 5

match institutional environment

Question 6

Ghemawat, TED Talk

key finding
implications for IR model

Answer 6

Globalization only small part of business
Most Business/relationship/networks/social media are found locally

1. Limited transnational companies
2. Too focused on globalization
3. Should meet customer needs better

Question 7

country attractiveness depends on 3factors

Answer 7

Supra-national (bits/mits)
Macro-national
Sub-national