Strategy
An integrated + coordinated set of commitments and actions designed designed to exploit core competencies and gain a competitive advantage.
What is a strategy?
Dimensions in the broader society that influence an industry and the firms in it.
What is the general environment?
This process determines what a firm CAN do.
What is internal analysis.
When one party delegates decision making responsibility to a second party for compensation,
What is an agency relationship?
An international strategy through which the firm seeks to achieve BOTH global efficiency and local responsiveness.
Transnational strategy.
Capabilities that serve as a source of competitive advantage for a firm over its rivals.
What are core competencies?
General Environment, Industry Env.
Competitor Analysis
What is external environment analysis?
Tangible + Intangible assets...
What are resources?
The number of large block share of the firm's shareholders and the percentage of the firm's shares they own.
What is ownership concentration?
Increased Market Size
What is one of the benefits of International Strategy
A picture of what the firm wants to be and what is wants to achieve.
What is a firm's vision?
Concerned with the population size, age structure, geographic distribution, ethic mix.
What is the demographic segment of the general environment?
The process of combining tangible + intangible resources...
What are capabilities?
Cash and/or stock options
What are types of executive compensation?
Process improvements that reduce costs + increase the knowledge opportunities
Economies of Scale and Learning
A strategy in which firms collaborate to achieve a shared objective:
What is a cooperative strategy?
How companies gather and interpret information about their competitors is called: (+ please provide real-life examples)...
What is competitor analysis?
This power is derived from the size of a firm + its resources and capabilities.
What is market power??
Board of Directors, Executive Compensation, Ownership concentration.
What are the three internal governance mechanisms?
Acquistion, Exporting , or Strategic Alliance
What is a Mode of Entry - into international Business Activity?
Cost leadership, Differentiation
What are the 5 types Business Level strategies??
Threat of New Entrants
What are Porters Five Forces?
Finance, HR, MIS + Supply Chain Management+ Follow-up Service
What are the components of the value chain?
A situation in which an individual hold both the CEO and chair of the board title.
What is CEO duality?
Global , Multi - domestic, Transnational
Types of International Business Level Strategies