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;
22 Cards in this Set
- Front
- Back
|
What are some Nontariff Barriers identified by the WTO? |
- Quota - Antidumping accusations - Labeling restrictions - Licensing mandatory - TRIM (Trade Related Investment Measure) |
|
|
What actions can governments take to build relations? |
- Regulate- control competition - Taxation- give competitive advantage - Expenditure- provide subsidies and grants - Privatization- to level the playing field - Consultation- influence policies |
|
|
What are the elements of a Political Strategy? |
Formulation - what is the objective? - what are the current or emerging issues? - who are the stakeholders? - what is the public's position? Implementation - Timing - Techniques- Direct or Indirect - Vehicles - Style (confrontation or conciliation)? |
|
|
What are the objectives of MNCs, SoE, and Governments? |
|
|
|
Draw and describe the 2x2 MNC strategy approach to government policy. |
|
|
|
How can governments discriminate through bargaining powers? |
Governments may discriminate - due to differing characteristics of subsidiaries - Force MNCs to have IJV, impose taxes, fix prices - Or they can give MNCs 100% foreign ownership and financial support |
|
|
What are sources of Bargaining power for host country and MNCs? |
Host Country - Growing capability to replace the MNCs product - Control access to raw materials, labour and capital MNCs - Global structure, verticle integration |
|
|
How governments create business linkages? |
|
|
|
What are the main process of strategy formulation? |
Balancing Pressures 1. General pressures- free trade, financial markets, communications technology 2. Industry-specific 3. Country-specific 4. Company-specific International Strategy Formulation - Mapping industries - Multidomestic, regional, and global strategies - Recommendations for managing the process |
|
|
What are Industry-Specific Pressures? |
Universal customer needs
- If customer see it, they want it regardless of country of origin B2B (Industrial) customers - If GM goes international, so do suppliers otherwise suppliers miss out the opportunity High investment intensity - increasing overall investment to develop universal appeal Cost reduction need - Economies of scale |
|
|
What are Country-Specific Pressures? |
Trade Barriers - governments want FDI, preserve culture - trading block become more competitive Cultural Differences - Nationalism may deter globalization - Traditions and cultural beliefs Income Disparity - people cannot afford Anti-globalization Activities |
|
|
What are Company-Specific Pressures? |
Organizational resistance to change - Justification for globalization - Unions can resist Management short supply - Not many cross-culturally competent managers Transportation difficulties - value to wight is not suitable New production techniques - JIT - flexible manufacturing system - customization |
|
|
Draw the 2x2 for international strategy formulation |
|
|
|
What are the three International strategies? |
Multidomestic - requires adaption - HO develops products--> affiliates replicate Regional - maximize economies of scale - homogeneous market demand Global - maximize efficiency |
|
|
What is the hierarchy of a company statement? |
1. Mission 2. Values 3. Vision 4. Strategy 5. Balance scorecard |
|
|
What is the Strategic Sweet Spot? |
where the company meets customers' needs in a way that rivals can't, given the context in which it competes |
|
|
Draw the BGG Matrix |
|
|
|
What is the balanced scorecard? |
|
|
|
What is non-for-profit strategy map? |
|
|
|
What's the objective of a Global Manager? |
- understand culture - function in a new environment - create structure - implement strategy |
|
|
What issues do diversified MNC managers face? |
- integrate large acquisitions - build worldwide logistics capability (5C- character, cost, coverage, control, continuity) - develop country specific strategies - form beneficial collaborative arrangements worldwide - balance pressures for global integration and local demands |
|
|
What skills does a Global Manager need? |
1. Develop and use global strategies 2. manage change and transition 3. manage cultural diversity 4. design and function in flexible orgn structure 5. work with others and in a team 6. communicate 7 learn and transfer knowledge |
