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20 Cards in this Set
- Front
- Back
benchmarking
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an exmanination on whether a firm has resources and capabilites to perform a particular activity in a manner superior to competitors
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capability
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the tangible and intangible assets a firm uses to choose and implement its strategies
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captive sourcing
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setting up subsidaries abroad so that the work done is in-house but the location is foreign. Also known as FDI (foreign direct investment)
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causal ambiguity
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the difficulty of identifying the causal determinants of succesful firm performance
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commoditization
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a process of market competition through which unqiue products that command high prices and high margins gradually lose their ability to do so, thus becoming commodities
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complementary assets
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the combination of numerous resources and assets that enable a firm to gain a competitive advantage
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inshoring
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outsourcing to a domestic firm
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intangible resources and capabilities
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assets that are hard to observe and difficult (if not impossible) to quantify
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off shoring
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outsourcing to a n international or foreign firm
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OBM (original brand manufacturer)
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a firm that designs, manufactures, and markets branded products
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ODM(Original Design Manufacturer)
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a firm that both designs and manufactures products
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OEM (original equipment manufacturer)
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a firm that executes design blueprints provided by other firms and manufactures such products
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outsourcing
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turning over an organizational activity to an outside supplier that will perform it on behalf of the focal firm.
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resource
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the tangible and intangible assets a firm uses to choose and implement its strategies
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resource-based view
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a leading perspective in global business that posits that firm performance is fundamentally driven by differences in firm-specific resources and capabilities
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social complexity
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the socially intricate and interdependent ways firms are typically organized
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SWOT analysis
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an analytical tool for examining a firm's strengths, weakness, opportunities, and threats
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Tangible resources and capabilites
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assets that are easily observable and easily quantified
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Value chain
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a chain of vertical activities used in the production of goods and services that add value
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VRIO framework
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the resource-based framework that focuses on the Value, Rarity, Imitability, and Organizational aspects of resources and capabillities
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