Advanced Strategic Management: Internationalization Strategy

<p>Exporting, Franchising, Alliances, Wholly owned subsidiaries (A)</p> Signup and view all the answers

<p>Cultural attitudes towards business (B)</p> Signup and view all the answers

<p>Brand dilution (C)</p> Signup and view all the answers

<p>Maximized global integration with minimal local adaptation (C)</p> Signup and view all the answers

<p>Maximized local responsiveness with efficient global coordination (D)</p> Signup and view all the answers

<p>Five Forces analysis (A)</p> Signup and view all the answers

<p>Comparison of firm capabilities to market conditions (C)</p> Signup and view all the answers

<p>Inconsistent branding across markets (B)</p> Signup and view all the answers

<p>Local adaptation of products (B)</p> Signup and view all the answers

<p>Balancing local adaptation with global efficiency (D)</p> Signup and view all the answers

<p>To achieve economies of scale (C)</p> Signup and view all the answers

<p>Cost savings through economies of scale (B)</p> Signup and view all the answers

<p>Competitive advantages in product pricing (A)</p> Signup and view all the answers

<p>By increasing pressure for global coordination (B)</p> Signup and view all the answers

<p>Understanding the geographical scope of an organization (D)</p> Signup and view all the answers

<p>Utilizing local fiscal incentives to reduce operational costs (A)</p> Signup and view all the answers

<p>Standardization across different markets (B)</p> Signup and view all the answers

<p>Favorable international conditions (C)</p> Signup and view all the answers

<p>Market demands in individual national markets are prioritized. (B)</p> Signup and view all the answers

<p>Inadequate adaptation to local market conditions. (B)</p> Signup and view all the answers

<p>Balancing global integration and local responsiveness. (C)</p> Signup and view all the answers

<p>When companies have strong domestic brands and low international pressures. (C)</p> Signup and view all the answers

<p>Independently operated strategies in each market. (A)</p> Signup and view all the answers

<p>The necessity to reduce production costs through economies of scale. (B)</p> Signup and view all the answers

<p>Operations focus on localized adaptations for each market. (D)</p> Signup and view all the answers

<p>Difficulty in competing with skilled local rivals. (A)</p> Signup and view all the answers

A corporate-level strategy that focuses on a company's geographical scope and how it expands internationally.

A framework that analyzes key drivers influencing a company's internationalization potential. It examines market, cost, government, and competitive factors.

Factors related to customer preferences and market conditions that encourage internationalization. Example: Similar customer needs across countries (luxury goods) or the presence of global customers.

Factors that influence a company's decision to internationalize based on cost considerations.

The cost advantage achieved by increasing production volume. It can be realized by expanding to new markets and increasing total output.

Factors related to government policies and regulations that influence internationalization.

Factors related to competition and interconnectedness between a company's operations in different countries.

When the performance and success of a company in one country are linked to its operations in other countries because of factors like shared resources, customer relationships, or competitive pressures.

A company structure with relatively independent units, often seen in marketing-focused companies.

A strategy aiming for maximum global integration with minimal product adaptation. Standardized products are made for all markets, focusing on efficient production through economies of scale.

A complex strategy seeking both local responsiveness and global coordination. Aims to learn from and exchange knowledge between different locations, focusing on efficient operations and local customization.

Analyzing the competitive landscape by considering factors like supplier power, buyer power, substitutes, rivalry, and new entrants.

Examining the external environment by analyzing political, economic, social, technological, environmental, and legal factors.

Analyzing distance between countries considering cultural, administrative, geographic, and economic differences.

How a company responds to new entrants and competitors.

The power and resources of a company in defending its market share.

The challenge of balancing standardized products and services for global markets with the need for local adaptations to meet specific country requirements.

The need to coordinate operations and strategies across multiple countries to achieve efficiency and consistency.

The need to adapt products, services, and marketing to meet the specific demands and preferences of individual countries.

A basic international strategy focused on exporting products from a home country with minimal adaptation and coordination in overseas markets.

Suitable when pressure for both global integration and local responsiveness is low.

An international strategy where products and services are tailored to meet the specific needs of individual national markets, with minimal coordination across countries.

Each national market is treated independently, with a high emphasis on meeting local demands.

A low level of coordination between national operations, allowing each market to operate with a high degree of autonomy.

Differences in language, ethnicity, religion, and social norms between countries. It impacts how businesses interact with customers and employees.

Differences in administrative, political, or legal systems between countries. It impacts how businesses operate and navigate regulations.

Distance not just in miles, but also factors like size, sea access, and communication quality. It impacts logistics and the ease of doing business.

Differences in wealth and income levels between countries. It impacts purchasing power and market potential.

A gradual approach to entering new markets where companies increase their commitment over time, gaining knowledge and confidence before fully investing.