Semi-Globalization
Basic Strategy
Cases
Potpourri
Strategy and the MNC
100
This term describes the broadening and deepening of the interactions and interdependencies among peoples and countries of the world
What is globalization
100
This is a template for how organizations create, deliver, and capture value
What is a business model
100
This event triggered the founders' decision to start Expatica
What is his waiting for a train that was cancelled
100
This is the term for the notion that foreign firms face additional, unavoidable, costs not incurred by indigenous firms
What is Liability of Foreignness
100
Of Ghemawat's AAA strategies, this is the one LucasFilms adopted
What is arbitrage
200
If many of the forces pushing toward globalization are economic in nature, many of the forces pushing toward localization are this
What is socio-political
200
According to Michael Porter, this is why a firm needs a "chain of competitive advantages" rather than just a single competitive advantage
What is that it forces competitors to copy the entire system
200
Of CSA, business model, or strategy, Disney Theme Park's hub-and-spoke layout is this
What is business model
200
In the NFL UK case, these were the two primary Geographic distances
What were distance to US and lack of football facilities
200
This theory applies transaction cost economics to the study of multinational enterprises
What is Internalization Theory
300
In the CAGE framework, a country's communication infrastructure would be part of this dimension
What is geographic distance
300
If a strategy defines the portion of the pie captured by a single firm, a business model defines this.
What is the size of the pie
300
While Boeing argued that Airbus received unfair subsidies, Airbus argued that Boeing received unfair this
What are government contracts and tax incentives
300
According to the "positive theory of social entrepreneurship," this is what makes social entrepreneurs different from other entrepreneurs
What is a focus on value creation over value capture
300
Before internalization theory, most economist assumed that multinationals existed for this reason
What is to transfer capital across national boundaries
400
This relatively simple invention lowered the cost of shipping textiles to pennies per t-shirt
What is containerization
400
According to Porter, this is the primary weakness in using the theory of "comparative advantage" or the "Hecksher-Ohlin" theory in strategy
What is that it does not explain why companies from some countries consistently outcompete companies from other countries
400
While Coke first moved abroad in 1902, this facilitated its rapid international expansion
What is World War II (Coke was provided to American GIs)
400
This led the government to crack down on microfinance lending in India
What are suicides
400
According to transaction cost economics, these two factors explain why firms exist
What are opportunism and bounded rationality
500
One economist define this as "trust inscribed"
What is money
500
The 4 characteristics a resource must have to create a competitive advantage
What is (1) valuable; (2) rare; (3) in-imitable; and (4) non-substitutible
500
While this was arguably Lincoln Electric's greatest strength in North America, it became one of its strongest liabilities abroad
What is its individual incentive program
500
After Shell refused to intervene in the case of Ken Saro-Wiwa, this was the city of Toronto's reaction
What is it cancelled its contract with Shell
500
This strategy gave Philips medical system a competitive advantage over GE Healthcare and Siemens Medical Solutions
What is adopting an adaptation/aggregation strategy, while the other companies adopted aggregation/arbitrage strategies
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