Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
19 Cards in this Set
- Front
- Back
|
An internationalization strategy in which the firm establishes a physical presence abraod through acquisition of productive assets such as capital, technolog, labor, land, plant, and equipment
|
Foriegn Direct Investment (FDI)
|
|
|
cross-border business alliance in which partnering firms pool their resources and share costs and risks of the venture
|
International collaborative venture
also called international partnership or international strategic alliance |
|
|
a form of collaboration between two or more firms to create a jointly owned enterprise
|
Joint venture
|
|
|
-Gain access to new markets or opportunities
-Follow key customers -Compete with key rivals in their own markets |
Market-seeking motivies
|
|
|
-Access raw materials
-Gain acess to knowledge or other assets -Access technological and managerial know-how available in a key market |
Resource or asset-seeking motives
|
|
|
-Reduce sourcing and production costs
-Locate production near customers -Take advantage of government incentives -Avoid trade barriers |
Efficiency-seeking motives
|
|
|
Passive ownership of foreign securities such as stocks and bonds for the purpose of generating financial returns
|
International portfolio investment
|
|
|
Direct investment to build a new manufacturing, marketing, or administrative facility, as opposed to acquiring existing facilities
|
Greenfield investment
|
|
|
direct investment to purchase an existing company or facility
|
Acquisition
|
|
|
A special type of acquisition in which two firms join to form a new, larger firm
|
Merger
|
|
|
acqusition of partial ownership in an exisiting firm
|
equity participation
|
|
|
a foreign direct investment in which the investor fully owns the foreign assets
|
wholly owned direct investment
|
|
|
a type of partnership in which a separate firm is created through the investment or pooling of assets by two or more parent firms that gain joint ownership of the new legal entity
|
Equity joint venture
|
|
|
an arrangement whereby the firm owns or seeks to own, multiple stages of a value chain for producing, selling, and delivering a product or service
|
verticle integration
|
|
|
an arrangement whereby the firm owns, or seeks to own the activities involved in a single stage of its value chain
|
horizontal integration
|
|
|
a collaboration in which the partners create a project with a relatively narrow scope and a well-defined timetable, without creating a new legal entity
|
project-based, nonequity venture
|
|
|
a project based nonequity venture with multiple partners fulfilling a large-scale project
|
consortium
|
|
|
a type of project-based, nonequity venture where partners agree to access licensed technology developed by the other, on preferential terms
|
cross-licensing agreement
|
|
|
Operating a business in a manner that meets or exceeds the ethical, legal, commercial, and public expectations of stakeholders,
|
Corporate Social Responsiblity
|
