BUSI 4609 Lecture Notes - Lecture 6: Birdwatching, Organizational Learning
7 May 2018
School
Department
Course
Professor
Lecture 6
1. porters diamond model
a. factor of production
i. basic: labor/ natural resource
ii. advance: IT/ education workforce
b. demand condition
i. nature and size of buyer need and home market
c. related and supporting industry
i. support in design
ii. supplier
iii. distribution
d. firm strategy
i. technology training
ii. process improvement
e. government role
i. encourage high performance
ii. stimulate local rivalry
iii. stimulate early demand
iv. specialize factor creation
2. international corporate level strategy
a. focus on scope of operation
b. require firm operate in multiple country and industry
c. headquarter unite guide strategy
d. multidomestic
i. tailor to local market
ii. differ by country
iii. independent
iv. focus on competition in each market
e. global
i. standardized
ii. centralized
iii. interdependent
iv. economies of scale
v. resource sharing
vi. low response to local market
f. transnational
i. hard to achieve
ii. use matrix structure
iii. pursue organizational learning
3. risk
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