Term
| Integration-responsiveness framework |
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Definition
–
A framework of MNE management on how to simultaneously deal with two sets of pressures for global integration and local responsiveness. |
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Term
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Definition
| – The necessity to be responsive to different customer preferences around the world |
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Term
| Home replication strategy |
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Definition
| – A strategy that emphasizes the replication of home country-based competencies in foreign countries |
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Term
| Localization (multi-domestic) strategy |
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Definition
–
A strategy that focuses on a number of foreign countries/regions, each of which is regarded as a stand-alone local (domestic) market worthy of significant attention and adaptation |
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Term
| Global standardization strategy |
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Definition
| – A strategy that focuses on development and distribution of standardized products worldwide in order to reap the maximum benefits from low-cost advantages |
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Term
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Definition
| –A strategy that endeavors to be cost efficient, locally responsive, and learning driven simultaneously around the world |
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Term
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Definition
| – an MNE subsidiary explicitly recognized as a source of important capabilities, with the intention that these capabilities be leveraged by and/or disseminated to other subsidiaries |
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Term
| Worldwide (global) mandate |
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Definition
| – A charter to be responsible for one MNE function throughout the world |
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Term
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Definition
| – An organizational structure that is typically set up when firms initially expand abroad, often engaging in a home replication strategy |
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Term
| Geographic area structure |
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Definition
| – An org structure that organizes the MNE according to different geographic areas (countries and regions) |
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Term
| Country or regional manager |
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Definition
| – Manager of a geographic area either a country or a region |
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Term
| Global product division structure |
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Definition
| – An org structure that assigns global responsibilities to each product division |
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Term
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Definition
| – An organizational structure often used to alleviate the disadvantages associated with both geographic area and global product division structures, especially for MNEs adopting a transnational strategy |
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Term
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Definition
| – the structures, processes, and systems that actively develop, leverage, and transfer knowledge |
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Term
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Definition
| – is codifiable and can be written down and transferred with little loss of its richness |
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Term
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Definition
– non-codifiable and its acquisition and transfer require hands-on practice
hard to learn and transfer
strategically more important |
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Term
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Definition
A potent form of expertise
Based on 1st-hand life experiences
Providing insights drawn from tacit knowledge |
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Term
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Definition
| - a team whose members are physically dispersed in multiple locations in the world and operate on a virtual basis |
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Term
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Definition
| – the ability to recognize the value of new info, assimilate it, and apply it |
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