Term
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Definition
Power Distance: Weaker members acceptance of inequality
Individualism: Loose ties between individuals; each responsible for him/herself
Masculinity: Degree to whichmen have different values than woman
Uncertainty Avoidance: A function of how comfortable group members feel with uncertainty
Long Term Orientation: Thrift and perservaerance |
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Term
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Definition
| How different countries are in terms of their culture |
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Term
| Pluralist V. Corporatist V. Command |
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Definition
Pluralist countries: Large number of interests exist with "equal" access to policy makers, gov't is relatively neutral, kept in check by various competing interests
Corporatist: Close ties between gov't and corporate elite aimed at long term growth; greater gov't intervention, supposedly ok b/c these flagship firms want the country to grow
Command: Policies devised by gov't with few interested heard or represented |
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Term
| Context (Low vs high context cultures) |
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Definition
Context: The background of interaction
Low Context Cultures: Communication is taken at street value
High Context: Communication relies on unspoken context. (non verbal cues) |
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Term
| Collectivist Vs. Individualist |
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Definition
Ind: No "group" you are responsible for yourself
Coll: In Vs Out group. Opportunism ok if against an out group person |
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Term
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Definition
| Looking at factors inside firms to find out why some perform better than others |
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Term
| Resources (tangible vs intangible) V Capabilities (Activities V Processes) |
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Definition
| Capabilities(Avtivities:Use of technology, innovation, training Processes: Routines, tricks of the trade, knowledge management) are things you do with the resources (tangible:plant labor finance,Intangible:information, reputation, knowledge) you have |
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Term
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Definition
Value: Resources and capability must add value if they are to lead to a competitive advantage
Raraity: Only if few have it, can it provide some temporary comp. advntg
Inimability: Source of competitive advantage only if competitors have a difficult time imitating it
Organization: How can firm be organized to leverage full potential of resources and advantages |
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Term
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Definition
| Raw Materials-> Primary MFG-> Fabrication-> Product Producer-> Distributor-> |
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Term
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Definition
Raw Materials-Primary Mfg-Fabrication-Product Producer-Distributor-Retailer
-Where in this chain is money being made, where to expand/divest |
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Term
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Definition
1. To exploit existing resources in new markets (But is VRIO same abroad)
2.To acquire or develop new resources(What can we gain/learn from foreign activities |
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Term
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Definition
The point at which an activity becomes standardized so that the need to keep it proprietary no longer exists.
ie you manufacture all LCD's for for phones cameras etc, but at some point all those companies will start mfg their own lcds, it has been commoditized |
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Term
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Definition
| As volume of production increases, the incremental cost of each new item decreases. This happens with higher fixed cost items |
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Term
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Definition
Turning over an organizational to an outside supplier that will perform it on behalf of the local firm.
Offshoring: Outsourcing abroad
In/Shoring: Outsourcing to a domestic firm
Captive Sourcing: Setting up subsidiaries abroad through FDI, the work is done in house but location is overseas. |
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Term
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Definition
Culturally (tastes, languages, customs, prefernces)
Administratively (legal systems, beauacracy)
Geographically (complex/expensive logistics)
Economically (Income levels, wage inequality) |
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