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Definition
| routine conventions of everday life-possess little moral significance |
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Definition
| norms that are seen as central to the functioning of a society and to its social life |
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Term
| factors that develop a countries values and norms: |
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Definition
| political and economic philosophies, social structure, dominant religion, language and education |
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| two dimensions that affect the social structure |
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Definition
| individualism vs collectivism and stratification (classes vs. caste) |
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Definition
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| Hofstede's 4 dimensions of culture in the workplace |
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Definition
| power distance, individualism vs collectivism, uncertainty, masculinity vs femininity |
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Definition
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| Who published the report determining why some nations succeed and others fail in international competition |
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Definition
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| Porters 4 broad attributes of a nation that shape the competitive environment |
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Definition
| factor endowment; demand conditions; relating and supporting industries; firm strategy, structure and rivalry |
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Term
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Definition
| a nations position in factors of production such as skilled labor or the infrastructure necessary to compete in a given industry |
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Definition
| the nature of home demand for the industry's produc t or service |
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| firm strategy, structure, and rivalry |
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Definition
| the conditions governing how companies are created, organized, and managed and the nature of domestic rivalry |
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Term
| two types of factors (factor endowment) |
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Definition
basic: natural resources, etc..
advanced: communication infrastructure, skilled labor, etc. |
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Term
| levels of integration from lowest to highest |
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Definition
| free trade area, customs union, common market, economic union, political union |
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Term
| The most enduring free trade area in the world |
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Definition
| European Free Trade Association (EFTA)1960 |
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Term
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Definition
| Norway, Iceland, Liechtenstein, and Switzerland (lost Austria, Finland, and Sweden to EU in '96) |
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Definition
| when domestic producers are replaced by low-cost foreign producers |
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Term
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Definition
| when domestic producers are prelaced by high-cost foreign producers |
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Term
| two parts of the value chain |
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Definition
| support activities and Primary activities |
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Term
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Definition
| information systems, logistics, Human resources |
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Term
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Definition
| R&D, Production, marketing and Sales, customer service |
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Term
| organizational architecture |
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Definition
| the totality of a firms organization, including structure, control systems and intective, organizational culture, processes and people |
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Term
| three parts to org. structure |
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Definition
| 1. CoC 2.Decision Making 3.lateral communication mechanisms |
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Term
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Definition
| the metrics used to measure performance |
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Term
| three types of political risk |
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Definition
| transfer risk, operational risk, ownership risk |
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Term
| political risk rating agency |
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Definition
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| top two political risk defense strategies |
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Definition
| joint venture and hedging via insurance |
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Term
| synonyms for Confucian Dynamism |
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Definition
| Long Term Orientation, or Cultural Context (high context vs low context cultures) |
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Term
| aspects of business affected by culture |
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Definition
| policies and procedures, systems and controls, information and communication, decision making |
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Term
| Main issue under legal environment |
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Definition
| Protecting intellectual property |
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Term
| Ways to protect property rights |
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Definition
| enforcement, education, external pressures, economic growth |
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Definition
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| what should porter's theory predict |
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Definition
| pattern of international trade that we observe in the real world |
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Term
| Where should import and export take place? |
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Definition
import: where the four factors are less present
export: where the four components are all present |
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Term
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Definition
| consumer surplus + Producer's profit |
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Term
| four dimensions of distance |
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Definition
| cultural, administrative, geographic, economic |
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Term
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Definition
| differences in consumer incomes, differences in costs and quality of natural, financial, human, knowledge resources |
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Term
| four drivers of Globalization |
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Definition
| market, cost, competitive, and government drivers |
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Term
| focus of Transnational Strategy |
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Definition
| Finding an optimal balance of all 3 strategies, focusing on global learning |
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Term
| three pillars of transnational strategy |
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Definition
| global efficiency, multinational flexibility, worldwide learning |
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