MGCR 382 Study Guide - Final Guide: Outsourcing, Organizational Culture, W. M. Keck Observatory
25 Apr 2016
School
Department
Course
Professor
Document Summary
Seeking markets: seeking to internationalize in order to reach new customers and expand sales volume. Seeking resources: seeking to internationalize in order to acquire access to unique low-cost resources it needs to operate. Reducing risk: seeking to international in order to reduce its exposure to risk in one country (through geographic diversification) Differentiating: seeking to internationalize in order to increase willingness to pay. Economies of scale: cost advantage a firm can obtain due to its ability to negotiate with exchange partners (customers, distributors) First-mover advantage: a competitive advantage a firm derives from being the first to enter a market. Cultural distance: distance between countries with respect to cultures, tastes, values. Administrative distance: distance between countries with respect to laws and rules-of-the- game. Economic distance: distance between countries with respect to economic development, purchasing power and wages. Geographic distance: distance between countries with respect to ease of transportation and communication.
