Term
| 3 types of cultural knowledge |
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Definition
Imperitive
Elective
Exclusive |
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Term
| Hofstede's 4 Cultural Dimensions |
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Definition
Uncertainty Avoidance
Power Distance
Individuality/Collectivity
Masculinity/Femininity |
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Term
| Agents of Cultural Change |
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Definition
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Term
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Definition
Monochromatic - On time
Polychromatic - Relaxed idea of time |
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Term
| 3 ways to reduce uncertainty |
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Definition
Technology
Social Rules
Religion and Rituals |
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Term
| Benefits of Product Standardization |
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Definition
Economies of scale
Shortened production time
Global Brand
Create higher barriers to entry |
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Term
| Standardization vs. Customization Concepts |
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Definition
Global Model
Lead Country Model
Modular Approach
Core-product Approach |
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Term
| 2 Introduction Strategies |
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Definition
Waterfall (Phased Rollout)
Sprinkler (Simultaneous Rollout) |
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Term
| Problems with Standardization |
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Definition
Language
Culture
Positioning |
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Term
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Definition
Free on Board (FOB)
Cost, Insurance and Freight (CIF)
Cost and Freight (C&F) |
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Term
| Ways to reduce cost-excalation |
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Definition
Lower Import Prices to save Tariffs
Import Parts and Assemble Local
Produce locally
Avoid costly functional features
Remove Middlemen? |
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Term
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Definition
| Intra-company price can be low to accumulate profits in a lower-tax country. |
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