Acronym/Abbrev
What is ESG mean?
Environmental, Social, Governance
refers to criteria used to measure a company's sustainability and ethical impact.
Define: Piggybacking
A strategy where a smaller firm uses a larger company's international distribution network.
What is the name of the book we are reading this semester?
Never Eat Alone
What are the three organizational structures we discussed last class?
Global (hierarchal), Regional, Matrix
Define 'liability of foreignness'
The disadvantage foreign firms experience in host countries because of their non-native status through complex rules, bans, and resistance from customers.
What does VRIO mean?
Value, Rarity, Inimitable, Organization
an internal tool used to evaluate resources and capabilities to determine the potential for creating a sustainable competitive advantage
This is an example of:
Companies producing Marvel merchandise pay a percentage of their revenue or a fixed rate per item to the brand owner.
Royalties
Who is the author of the book we are reading this semester?
Keith Ferrazzi
Which structure has a high risk of not matching the cultural needs of its market?
Global
What was the parent company of TikTok?
ByteDance
What does FDI mean?
Foreign Direct Investment
controlling ownership stake in a business that is not in your home country
Give an example of a company that used Acquisition to expand it's company.
Microsoft - Activated Blizzard
Facebook - WhatsApp, IG
Disney - Pixar
Amazon - Whole Foods
What is the one word the author gives when asked what the secret to success if?
Generosity
Which structure has higher costs because of the way it is set up?
Regional
What is the Protecting Americans from Foreign Adversary Controlled Applications Act
Protects American citizens from national security and data access by foreign nations.
What does PESTLE mean?
Political, Economic, Sociological, Technological, Legal, and Environmental
a strategic framework used to analyze the external factors affecting an organization
Define 'Sanctions' as applied to political risk
A penalty for disobeying the law, often
The author says:
"Autonomy is a life vest made out of sand."
What does that mean?
Being self-reliance seems safe, but it is actually useless or unsustainable when facing real danger or crisis. You need people.
Which structure has stronger local competitiveness and why?
Regional - It can easily adapt to the local/regional needs of each area instead of having to change global product lines.
What EU country has BYD decided to invest in to build it's factories?
Hungary
What does ROI mean?
Return on Investment
a financial metric measuring an investment's profitability relative to its cost,
A cooperative agreement between firms to share resources without creating a new company.
Strategic Alliance
When it comes to both personal and professional goals, what does the author say is the most important think to do?
Write the down!
Give an advantage of a matrix structure.
Before the 2025 regulations on Chinese products, what was the USD amount that was allowed to enter the country with any import tariffs?
$800 USD