Podcast
Questions and Answers
What is a significant barrier to knowledge transfer related to the source?
What is a significant barrier to knowledge transfer related to the source?
- Absorptive Capacity
- Fear of losing competitive advantage (correct)
- Barren Organizational Context
- Integration
Absorptive capacity refers to a recipient's ability to forget old knowledge.
Absorptive capacity refers to a recipient's ability to forget old knowledge.
False (B)
What are the four stages of knowledge transfer?
What are the four stages of knowledge transfer?
Initiation, Implementation, Ramp-up, Integration
The lack of support systems for knowledge transfer is termed a _____ organizational context.
The lack of support systems for knowledge transfer is termed a _____ organizational context.
Match the company with its knowledge transfer outcome:
Match the company with its knowledge transfer outcome:
Which of the following best describes 'Retentive Capacity'?
Which of the following best describes 'Retentive Capacity'?
Incentivizing knowledge-sharing is sufficient for effective knowledge transfer.
Incentivizing knowledge-sharing is sufficient for effective knowledge transfer.
Based on empirical findings, which two knowledge-related barriers were more significant than motivational factors?
Based on empirical findings, which two knowledge-related barriers were more significant than motivational factors?
What does the Resource-Based View (RBV) framework primarily focus on?
What does the Resource-Based View (RBV) framework primarily focus on?
Tangible resources include intangible assets like brand equity.
Tangible resources include intangible assets like brand equity.
Name one characteristic of strategically valuable resources.
Name one characteristic of strategically valuable resources.
Companies must _____ their resources to maintain competitive advantage.
Companies must _____ their resources to maintain competitive advantage.
Match the following types of resources with their descriptions:
Match the following types of resources with their descriptions:
Which factor is NOT associated with R&D investment levels?
Which factor is NOT associated with R&D investment levels?
Collaborating in R&D is important despite knowledge spillovers.
Collaborating in R&D is important despite knowledge spillovers.
What can be a result of leveraging resources across markets?
What can be a result of leveraging resources across markets?
Which strategy do successful organizations focus on simultaneously?
Which strategy do successful organizations focus on simultaneously?
A paradox perspective allows organizations to embrace conflicting demands simultaneously.
A paradox perspective allows organizations to embrace conflicting demands simultaneously.
What is the term used to describe strategic initiatives emerging outside the scope of the current strategy?
What is the term used to describe strategic initiatives emerging outside the scope of the current strategy?
The ____ theory suggests that organizational systems are more effective when they achieve alignment among internal elements.
The ____ theory suggests that organizational systems are more effective when they achieve alignment among internal elements.
Match the following concepts with their descriptions:
Match the following concepts with their descriptions:
What is the best option for market capitalization growth according to GROFIT?
What is the best option for market capitalization growth according to GROFIT?
Successful organizations should focus on either profits or growth, but not both.
Successful organizations should focus on either profits or growth, but not both.
Name one company mentioned that illustrates the success of combining customer satisfaction and profitability.
Name one company mentioned that illustrates the success of combining customer satisfaction and profitability.
What is the primary aim of exploitation in a business strategy?
What is the primary aim of exploitation in a business strategy?
Exploration and exploitation require similar organizational structures and competences.
Exploration and exploitation require similar organizational structures and competences.
What is the result of organizations becoming trapped in the success or competence trap?
What is the result of organizations becoming trapped in the success or competence trap?
Ambidextrous organizations are associated with up to ____ times higher performance levels.
Ambidextrous organizations are associated with up to ____ times higher performance levels.
Match the strategic focuses with their descriptions:
Match the strategic focuses with their descriptions:
Which of the following best describes organizational ambidexterity?
Which of the following best describes organizational ambidexterity?
The balance between exploration and exploitation is considered secondary to organizational performance.
The balance between exploration and exploitation is considered secondary to organizational performance.
What trap results from an overemphasis on exploration?
What trap results from an overemphasis on exploration?
What is essential for long-term success of platforms beyond user growth?
What is essential for long-term success of platforms beyond user growth?
Micro-level actions are not significant for platform success compared to macro factors.
Micro-level actions are not significant for platform success compared to macro factors.
What do decision-making heuristics help leaders in platforms do?
What do decision-making heuristics help leaders in platforms do?
LEGO identifies itself as a company that spurs __________ and imagination.
LEGO identifies itself as a company that spurs __________ and imagination.
Which of the following is NOT an implication mentioned for platform growth?
Which of the following is NOT an implication mentioned for platform growth?
Match the following companies or concepts with their descriptions:
Match the following companies or concepts with their descriptions:
A company can maintain its original identity while innovating.
A company can maintain its original identity while innovating.
What factor related to TMTs can affect innovation adoption?
What factor related to TMTs can affect innovation adoption?
What is a key component of the essence of international operations?
What is a key component of the essence of international operations?
The simultaneous exploitation of existing advantages and exploration for future advantages is a defining characteristic of multinational enterprises (MNEs).
The simultaneous exploitation of existing advantages and exploration for future advantages is a defining characteristic of multinational enterprises (MNEs).
What type of mindset is essential for effective international operations?
What type of mindset is essential for effective international operations?
MNEs must accommodate their natural disadvantage, the cost of managing _____ operations.
MNEs must accommodate their natural disadvantage, the cost of managing _____ operations.
Match the following managerial factors with their effects on international success:
Match the following managerial factors with their effects on international success:
Why is a global strategy considered unavoidable?
Why is a global strategy considered unavoidable?
Aggressive investment is not necessary for the implementation of integrated strategies in international business.
Aggressive investment is not necessary for the implementation of integrated strategies in international business.
What is created through the development of distinctive MNE competences?
What is created through the development of distinctive MNE competences?
Flashcards
Knowledge Transfer Barriers
Knowledge Transfer Barriers
Obstacles that prevent the effective movement of knowledge within an organization.
Absorptive Capacity
Absorptive Capacity
The recipient's capability to understand and apply new knowledge.
Retentive Capacity
Retentive Capacity
The ability to integrate transferred knowledge into usual procedures.
Knowledge Transfer Stages
Knowledge Transfer Stages
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Knowledge-related Barriers
Knowledge-related Barriers
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Organizational Context Barriers
Organizational Context Barriers
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Xerox Example (Knowledge Transfer)
Xerox Example (Knowledge Transfer)
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General Motors (Knowledge Transfer Challenge)
General Motors (Knowledge Transfer Challenge)
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R&D Investment
R&D Investment
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Resource-Based View (RBV)
Resource-Based View (RBV)
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Inimitable Resource
Inimitable Resource
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Tangible Resource
Tangible Resource
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Intangible Resource
Intangible Resource
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Competitive Advantage
Competitive Advantage
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Continuous Investment
Continuous Investment
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GROFIT
GROFIT
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Contingency Perspective
Contingency Perspective
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Paradox Perspective
Paradox Perspective
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Underlying Tensions
Underlying Tensions
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Exploration vs. Exploitation
Exploration vs. Exploitation
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Coolblue Paradox
Coolblue Paradox
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Transitions and Incumbents
Transitions and Incumbents
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Strategic Initiatives
Strategic Initiatives
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Innovation Horizons
Innovation Horizons
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Exploitation vs. Exploration
Exploitation vs. Exploration
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Reinforcing Dynamics of Learning
Reinforcing Dynamics of Learning
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Success Trap
Success Trap
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Failure Trap
Failure Trap
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Ambidextrous Organizations
Ambidextrous Organizations
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Organizational Ambidexterity
Organizational Ambidexterity
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Strategic Paradoxes
Strategic Paradoxes
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Platform Growth Beyond Users
Platform Growth Beyond Users
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Data-Driven Platform Growth
Data-Driven Platform Growth
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Micro vs. Macro Success Factors
Micro vs. Macro Success Factors
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Decision-Making Heuristics
Decision-Making Heuristics
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Core Purpose for Platform Growth
Core Purpose for Platform Growth
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Redefining Company Identity for Growth
Redefining Company Identity for Growth
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TMT Framing of Innovations
TMT Framing of Innovations
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Challenges to Innovation Adoption
Challenges to Innovation Adoption
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MNE Essence
MNE Essence
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Global Mindset
Global Mindset
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Mobile Intangible Assets
Mobile Intangible Assets
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System-wide Optimization
System-wide Optimization
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Global Strategy Advantages
Global Strategy Advantages
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Global Market Synergies
Global Market Synergies
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Internationalization: Unavoidable
Internationalization: Unavoidable
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Study Notes
Knowledge Transfer Barriers
- A significant barrier to knowledge transfer is lack of absorptive capacity in the recipient.
- Absorptive capacity is the ability to assimilate, understand, and apply new knowledge. It is not about forgetting old knowledge.
- The four stages of knowledge transfer are identification, acquisition, utilization, and diffusion.
- Lack of support systems for knowledge transfer is termed a fragmented organizational context.
Knowledge Transfer Barriers
- Lack of motivation and lack of trust are two knowledge-related barriers more significant than motivational factors.
Resource-Based View (RBV)
- The Resource-Based View (RBV) framework primarily focuses on how firm resources lead to competitive advantage.
- Tangible resources include physical assets and financial resources.
- Intangible resources include brand equity, reputation, and intellectual property.
- A characteristic of strategically valuable resources is rarity.
- Companies must manage and develop their resources to maintain competitive advantage.
Types of Resources
- Tangible resources are physical assets like buildings, equipment, and inventory.
- Intangible resources encompass brand reputation, patents, and customer relationships.
- Human resources refer to employee skills, knowledge, and expertise.
- Organizational resources include firm structure, culture, and processes.
R&D Investment
- Industry characteristics are not associated with R&D investment levels.
- R&D collaboration is crucial despite the risk of knowledge spillovers.
Leveraging Resources
- Leveraging resources across markets can lead to economies of scale, lower costs, and increased market share.
Strategic Focus
- Successful organizations focus on both exploration and exploitation simultaneously.
- Exploration involves developing new products, processes, and markets.
- Exploitation involves improving efficiency and effectiveness in existing operations.
- Paradox perspective enables organizations to embrace competing demands concurrently.
- Strategic initiatives emerging outside the current strategy are termed emergent strategies.
- Alignment theory suggests organizational systems are more effective when internal elements align.
GROFIT Framework
- According to the GROFIT framework, customer satisfaction and profitability are the best options for market capitalization growth.
- Combining customer satisfaction and profitability is a key strategy for successful organizations, as illustrated by companies like Amazon.
Exploitation & Exploration
- The primary aim of exploitation in a business strategy is efficiency and effectiveness in existing operations.
- Exploration and exploitation require different organizational structures and competences.
- Becoming trapped in the success (or competence) trap can lead to an inability to adapt to changing environments.
Ambidextrous Organizations
- Ambidextrous organizations achieve both exploration and exploitation effectively.
- This can lead to up to three times higher performance levels.
Organizational Ambidexterity
- Organizational ambidexterity is the ability to simultaneously engage in both exploration and exploitation.
- The balance between exploration and exploitation is crucial for organizational performance.
- Inertia trap results from overemphasizing exploration at the expense of exploitation, leading to inefficiency and declining profitability.
Platform Success
- User growth and community engagement are crucial for long-term success of platforms.
- Micro-level actions are significant for platform success, alongside macro factors.
- Decision-making heuristics assist platform leaders in making efficient decisions despite limited information.
Platform Implications
- LEGO identifies as a company that spurs creativity and imagination.
- A platform can leverage network effects to enhance its value proposition.
- Platform evolution is a continuous process of adapting to changing market demands.
- Platform entrepreneurship involves creating new platform business models.
International Operations
- Companies can maintain their original identity while innovating by adopting a glocal approach.
- Top Management Team (TMT) characteristics, like international experience and openness to change, impact innovation adoption.
- Cross-border collaboration is the core component of international operations.
- MNEs (Multinational Enterprises) achieve competitive advantage through simultaneous exploitation of existing benefits and exploration for future opportunities.
- Global mindset is essential for effective international operations.
- MNEs face a natural disadvantage: cost of managing diverse operations.
International Success Factors
- Strategic decision-making and cultural sensitivity are critical for international success.
- Effective leadership and global talent management contribute to sustained success.
Global Strategies
- Global strategies are becoming unavoidable due to interconnected markets and increased competition.
- Integrated strategies in international business require strategic partnerships and resource allocation.
- Distinctive MNE competences are developed by leveraging cross-border innovation, resource optimization, and culture-sensitive market entry.
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