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International Management


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International Management


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Created by:
David Ursu


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[Front]


An absolute advantage means that your country is better at producing a product or service at a lower cost than the other nation. ex. India - Operating callcenters
[Back]


What is an absolute advantage?

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International Management - Details

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134 questions
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-Japan -Brazil -China -Portugal -South Korea -Mexico etc
Name 3 culturally collectivistic countries
McDonals!!! Standardized operations for maximum efficiency. They are working in the line of semi-gloabalization Local tastes are fullfilled. McLobster in Canada...
Name one of the biggest brands in the world who are experts in adaptation while in the same time have very standardized operations.
McDonalds 7eleven Marriot KFC 17 maj hehe XD
Name 5 examples of companies that can be franchised
Size and sophistication of domestic demand.
What does "Demand conditions" explain in Porters diamond model?
High quality, internationally competitive suppliers and supporting industries.
What does "Related and supporting industries" explain in Porters diamond model?
Highly competitive domestic industry helps international competitiveness.
What does "Strategy, Structure & rivalry" explain in Porters diamond model?
Going after the market with the most appealing characteristics
When chosing a foreign market to expand to, what does a "rational optimization" mean?
Good R&D capability Good product development capability Firm reputation (innovation)
What is required from a company before entering a market as a first mover?
CEO - Domestic divisions - International divisions
Conducting business accroding to a "Home replication strategy" requires a separate international division structure. Draw one on paper.
HQ - World area divisions
Draw the organizational structure for a "Multidomestic Localization" company
Headquarters - Worldwide divisions - subdivisions
Draw the structure of a "Global standardized" company
Matrix structure where Managers responds to both area and the product division.
How does the "Transnational strategy" look like? Draw the structure.
Managing tensions between global integration and local responsiveness.
What is the main challange in sustaining competitive advantages in a multinational context?