Week 4: Outcomes of Internationalisation

Question 1

What are the five business-level outcomes of going international?

Answer 1

Innovation, productivity, export market-oriented behaviour, capabilities, and competitiveness.

Question 2

What are the two forms of innovation?

Answer 2

Technological and non-technological

Question 3

What are the two forms of technological innovation?

Answer 3

Product and process

Question 4

What are the two forms of non-technological innovation?

Answer 4

Marketing and organisational

Question 5

Define product innovation

Answer 5

A good or service that is completely new or has undergone significant improvements. The improvements can encompass technical specifications, components, or materials, software in the product, user-friendliness, or other functional characteristics (Frugal Innovation)

Question 6

Define process innovation

Answer 6

Denotes a completely new or substantially enhanced production or delivery method. Examples include significant upgrades in techniques, equipment, and/or software (Callaghan Innovation)

Question 7

Define marketing innovation

Answer 7

A new marketing method embracing substantial upgrades in product design or packaging, product placement, product promotion or pricing. It is a new way of engaging the market.

Question 8

Define organisational innovation

Answer 8

Denotes a new organisational method in business practices, workplace organisation or external relations.

Question 9

Define capabilities.

Answer 9

A collective of valuable transformative routines which harness together skills, knowledge, collective learning, and other competencies to orchestrate organisational actions required to pursue specific outcomes.

Question 10

What are static capabilities?

Answer 10

Knowledge, networking, management, marketing, entrepreneurial, financing, innovation and learning.

Question 11

What are dynamic capabilities?

Answer 11

Based on the understanding that if you succeed through time, you must be able to transform some of the static into transformational capabilities.

Question 12

What are the four dynamic capabilities?

Answer 12

Absorptive capabilitites, dynamic social capital, dynamic managerial, and ambidexterity

Question 13

What are the national-level outcomes of internationalisation?

Answer 13

Economic growth, employment, standards of living

Question 14

Define the export-led growth hypothesis.

Answer 14

A rise in exports generally leads to a rise in GDP. GDP can also cause exports.