Week 5 - Ch. 9

Question 1

CAGE framework

Answer 1

emphasises the importance of cultural, administrative, geographical and economic distance

Question 2

global integration

Answer 2

encourages organizations to coordinate their activities across diverse countries to gain efficient operations

Question 3

global–local dilemma

Answer 3

he extent to which products and services may be standardized across national boundaries or need to be adapted to meet the requirements of specific national markets

Question 4

global sourcing

Answer 4

purchasing services and components from the most appropriate suppliers around the world, regardless of their location

Question 5

global strategy

Answer 5

involves high coordination of extensive activities dispersed geographically in many countries around the world

Question 6

international strategy

Answer 6

a range of options for operating outside an organization’s country of origin

Question 7

local responsiveness

Answer 7

implies a greater need to disperse operations and adapt to local demand

Question 8

Porter’s Diamond

Answer 8

suggests that locational advantages may stem from local factor conditions; local demand conditions; local related and supporting industries; and from local firm strategy structure and rivalry

Question 9

staged international expansion model

Answer 9

proposes a sequential process whereby companies gradually increase their commitment to newly entered markets as they build market knowledge and capabilities

Question 10

Yip’s globalisation framework

Answer 10

sees international strategy potential as determined by market drivers, cost drivers, government drivers and competitive drivers