MGCR 382 Study Guide - Final Guide: Shared Decision-Making In Medicine, Femininity, Admiralty Law

• School: McGill University
• Department: Management Core
• Course: MGCR 382
• Professor: Jan Jorgensen

Document Summary

Internalize: de(cid:448)elop, e(cid:454)te(cid:374)d, a(cid:374)d le(cid:448)erage fir(cid:373)"s (cid:272)apa(cid:271)ilities, preserve flexibility/ make quick adjustments, retain control of ip. Focus only on core competencies: cede low-value or less strategic activities to external specialists, benefit from industry best practices. Puzzle is that mncs face liability of foreignness in entering host country. Liability of foreignness: foreign companies" lower survival rate in comparison to local companies for many years after they begin operations. Mnc"s ha(cid:448)e te(cid:272)h k(cid:374)o(cid:449)-how, leverage existing reputation, large size and scale economies bargaining power, managerial expertise, ability to locate activities elsewhere, informational advantages, risk diversification. Initially no exports: exports via 3rd party, establishes own foreign sales affiliates, establishes foreign production facilities. Modes of entry (& degrees of control/ commitment) (least to most commitment and control) Non-equity= exporting, licensing, franchising, management contract, turnkey operation, strategic alliance. Equity= equity alliance, joint ventures, wholly owned subsidiaries. Non-equity modes: rely on markets/contracts with other parties.