Term
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Definition
| Way to make choices about getting and using scarce resources. |
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Term
| Competitive Advantage and Competencies |
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Definition
| Same activity in diff way... Rare, Value to customers, difficult to imitate. |
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Term
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Definition
| Identify opportunities and threats from around the world, plan to handle them. |
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Term
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Definition
| Cost Reduction, Local Responsiveness |
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Term
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Definition
| When Taste and Preference is diff in nations |
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Term
| Pressures For Local Responsiveness |
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Definition
| Taste,Preference,Traditions,channels, Govt demands |
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Term
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Definition
| Strategy, Operations, and Organization |
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Term
| Home Replication Strategy |
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Definition
| Taking Domestically Produced and sell internationally with no change in product |
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Term
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Definition
| Increase Profit by customizing product for different markets |
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Term
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Definition
| Location, and Change Product when both high cost pressure and Local Responsiveness is there |
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Term
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Definition
| Way company arranges employees and activities |
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Term
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Definition
| Used to measure performance of units and how well they are being run |
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Term
| Four Dimensions Structure |
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Definition
| Product/Technical Expert,Geographic,Customer, and Functional |
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Term
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Definition
| Export,Licensing, Franchise, Joint Venture, Wholly Owned subsidiary |
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Term
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Definition
| Which Markets, When and What Scale, How to enter |
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Term
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Definition
| Before, or After other foreign Markets |
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Term
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Definition
| Enter Market Early, Strong Brand Name, Volume/Cost Advantage, switching Costs |
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Term
| First Mover Dis-Advantage |
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Definition
| Pioneering Cost-Cost that early bear but later companies avoid. Business Failure,cost of promoting product |
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Term
| Firms Can enter Markets... |
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Definition
Indirect/Direct Export
TurnKey
Licensing
Franchising
Contract Management
Joint Venture
Wholly Owned |
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Term
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Definition
| Contractor that handles all details for a foreign client |
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Term
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Definition
| Granting rights of property to another person for time period.. getting royalty fee. |
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Term
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Definition
| Sell intangible property, but they must follow strict rules how it does business |
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Term
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Definition
| Sending to independent factories overseas, but sells under its own brand name |
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Term
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Definition
| Jointly Owned 50/50, Less Risk, Partner Knowledge |
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Term
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Definition
100% Ownership,
Can Set up new operation
no risk of losing control
take all profit
But bad bc they bear the full cost |
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Term
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Definition
Tech Know-How
Management Know-How |
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Term
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Definition
| Are quick, preempt competition, less risky, but many are not successful. |
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