Notesale: Turn your study into money

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exam review last weds of class 27?
Part 1
Differention: quality focus
Dollar shave club: provides delivery + building a better value chain
Corporate level strategies 1) Multidomestic 2) Global 3) Transnational (multi + global)
Multidomestic strategy (earopen firms)
-mac local responsability by giving decent decision making to local
Part 2
avoidance of a clash with a dominant force at home is a ______ advantage
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As a mjor tarrif barrier, a Import Tarriffs is a tax imposed on imports
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Crossvergence means to find middle ground between cultrural divergence and
convergence
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LIST
3 reasons companies embark on internation expansion
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7 elements of the due dilligence
1
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  regional differences
3
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  how do you learn about the needs of
5
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  what the demands of the industry
7
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  consider the relevance of each factor p
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s
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l
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2
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  analyze data and draw conclusions
5 most common int expansion entry modes
Who developped CAGE analysis
CAGE stands for? Cultural, Adminstrative, Geographic, Economic
List five faccets of the strategy diamond = areanas(top), staging, vehicles, differention,
and economic logic(middle)
4 key elements of HR managemnet
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interaction skills, deal w diversity
3 perceptual ability- understand why people behave the way they do
4 cultural toughness-ability to adjust based cultural dynamics
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This strategy is centralized and controlled by home office and seaks to maximize global
efficiency= global strategy
This facet of strat diamond answers the question “how will we obtain our returns” =Econ
Logic
This facet of diamond answers ‘how we will win” =vehicles
“how will we get there”= differentiation
____ planning in contrast to strat planning has a shorter time to horizon and specifies
concrete ways to imploiment strat plan
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Human capital
Process whereby an org ensures that employees are recruited and developed to fillm each
key role whith in the comp
A person who is living in a country other than his or her own country = expatriot

_____ is a form of pay for performance in wich an org shares the financial gains with
employees such that employees receive a portion of the profit = gain sharing
the sale of products or services in one country that are sourced in another country
=importing
contracting with a third party to do some of a company’s work on its behalf
the sequence of activities that a firm undertakes to create value such as marketing, sales,
amnd service = Value chain
____ is delivered to customers when the firm is able to use competitive advantages
resulting from the intergraton of activities

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