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16 Cards in this Set
- Front
- Back
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Strategic decision dimensions |
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3 Levels of Strategy |
Corporate Business Functional |
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What is Formality affected by? |
Company size, management style, production process |
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5 P's of Strategy |
Plan Pattern Position (place occupied in environment) Perspective (how company sees itself) Ploy (short term tactics) |
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What are Agency Problems? |
Moral hazard problem Adverse selection (unqualified executives) |
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What is CSR? |
Company mission and social responsibility |
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What is remote environment? |
Things like politics, economy, weather, social unrest |
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5 Forces of Competition |
Rivalry Threat of new entrants Power of suppliers Power of buyers Threat of substitutes |
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Global Firm Types (culture) |
Ethnocentric Polycentric Regiocentric Geocentric
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Two reasons for becoming global |
Reactive and Proactive |
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Stages of Globalization (4) |
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3 Drivers to Globalize |
Where are your customers Cost Advantages Government help |
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3 Types of Global Companies |
Global (centralized production) Transnational (global efficiency) Multidomestic (specialized operations) |
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Value Chain Analysis |
Inputs and outputs. Primary and secondary activities. Goal to find what we do better than competition |
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Benchmarking Options |
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Mode of Entry |
Exporting Licensing Franchising Strategic Alliance Joint Venture Apply owned subsidy |
