The Connected Economy
Name one key feature of the connected economy:
Globalization, technology, or competition
Laundry detergent powder sold in India in nearly a dozen different packages/fragrances
Tide
What does "MNE" stand for?
Multinational Enterprise
Have at least a ____-term plan and a business model for the market you are entering.
Medium
Where did professor Choppala work before JBU?
Walmart
Name a challenge in the connected economy.
2) Emergence of new global players
3) Lack of cross-cultural/national understanding and sensitivity
4) Lack of understanding of business practices/government regulations
One of the world's largest makers of baby goods, located in China.
Goodbaby
A company has ________ over other companies in its industry if it has the high profitability, or has the potential to have the highest profitability in its industry.
Competitive Advantage
Overcome the liability of _____
Foreignness
How many tiers are in the Economic Pyramid?
4
What is adapted in poor countries and trickles up in rich countries?
Reverse Innovation
A most admired brand in Brazil that offers beauty products for women, men, and children.
Natura
Companies joining the ranks of global competitors from both developed and emerging markets
Benefit from what the ____ has to offer
Host Country
What opened up huge new markets in 1989?
The fall of the Berlin Wall
______ markets seem to be coming out of a slump (as of 2017)
Emerging
Developed a fabricating facility for silicon wafers, located in Taiwan
TSMC
The value of a product to its users rises exponentially with the number of users
Metcalfe's Law
What kind of markets should you learn from?
Either (other) emerging markets or developed-country markets
Name one of the "Four Game Changers"
1) Billions of consumers
2) Billions of entrepreneurs
3) Technology on steroids
4) A changed competition paradigm
Name one country in which a global multipolar system is emerging.
1) China
2) India
A cellular service provider with the lowest rates in the world, located in India
Bharti Airtel
It's in a country's interest to specialize in the production of goods it produces most efficiently compared to other countries.
Comparative Advantage
Deal with and leverage _____ in emerging markets
Institutional Voids
Who is the number one GA in the SBC?
Brennan (duh)