Shared Flashcard Set

Details

MGMT 5700 Final
Chapter 11
13
Management
Not Applicable
12/13/2011

Additional Management Flashcards

 


 

Cards

Term
Potential sources of economies of scope for firms pursuing international strategies
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
Term
hard currencies
Definition
are traded, and thus have value, on international money markets
Term
countertrade
Definition
payment firms receive in international markets which are not in the form of currency that they can sell on the world market.
Term
product life cycle
Definition
[image]
Term
determinants of the ability of a firm to learn from its International Operations
Definition
1. the intent to learn
2. the transparency of business partners
3. receptivity to learning
Term
transparent business partners
Definition
firms are more likely to learn from their international operations when they interacted with this kind of firm
Term
unlearning
Definition
requires a firm to modify or abandon traditional ways of engaging in business
Term
local responsiveness
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
Term
transnational strategy
Definition
firm treats its international operations as an integrated network of distributed and interdependent resources and capabilities
Term
decentralized federation
Definition
strategic and operational decisions are delegated to divisions/country companies
Term
coordinated federation
Definition
operational decisions are delegated to divisions/country companies; strategic decisions are retained at corporate headquarters
Term
centralized hub
Definition
strategic and operational decisions are retained at the corporate headquarters
Term
transnational structure
Definition
strategic and operational decisions are delegated to those operational entities that maximize responsiveness to local conditions and international integration
Supporting users have an ad free experience!