Term
| Potential sources of economies of scope for firms pursuing international strategies |
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Definition
1. to gain access to new customers for current products or services
2. to gain access to low-cost factors of production
3. to develop new core competencies
4. to leverage current core competencies in new ways
5. to manage corporate risk |
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Term
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Definition
| are traded, and thus have value, on international money markets |
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Term
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Definition
| payment firms receive in international markets which are not in the form of currency that they can sell on the world market. |
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Term
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Definition
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Term
| determinants of the ability of a firm to learn from its International Operations |
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Definition
1. the intent to learn
2. the transparency of business partners
3. receptivity to learning |
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Term
| transparent business partners |
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Definition
| firms are more likely to learn from their international operations when they interacted with this kind of firm |
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Term
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Definition
| requires a firm to modify or abandon traditional ways of engaging in business |
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Term
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Definition
can help firms be successful in addressing the local needs of nondomestic customers, thereby increasing demand to a firm's current products or services
this is an advantage of integrating operations across multiple markets |
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Term
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Definition
| firm treats its international operations as an integrated network of distributed and interdependent resources and capabilities |
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Term
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Definition
| strategic and operational decisions are delegated to divisions/country companies |
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Term
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Definition
| operational decisions are delegated to divisions/country companies; strategic decisions are retained at corporate headquarters |
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Term
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Definition
| strategic and operational decisions are retained at the corporate headquarters |
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Term
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Definition
| strategic and operational decisions are delegated to those operational entities that maximize responsiveness to local conditions and international integration |
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