MGSC01H3 Chapter Notes - Chapter 8: Sunk Costs, Ator
30 Dec 2011
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Regulatory or statutory hurdles/incentives for target products or market segments. Infrastructure increasingly, many strategic management experts view global expansion as necessary for about every medium and large corporation this opinion is based on a few basic observations: Different languages of connective ethnic or social networks. Size of country: weak transportation or communication links. Differences in costs and quality of: natural resources financial resources human resources infrastructure intermediate inputs. Products affect cultural or national identity of consumers (food) Product features vary in terms of size (cars), standards (electrical appliances), or packaging. Government involvement is high in industries that are: producers of staple goods (electricity) producers of other. Entitlements (drugs) large employers (farming) large suppliers to government (mass transportation) national champions (aerospace) vital to national security (telecom) exploiters of natural resources (oil, mining) subject to high sunk costs (infrastructure) Products have a low value- of-weight or bulk ratio (cement) Local supervision and operational requirements are high (many services) info or knowledge.
