GMS 520 Chapter Notes - Chapter 6: Risk Aversion, Decision-Making, Global Sourcing
25 Mar 2016
School
Department
Course
Professor
Document Summary
Remember to do inancial/bg check on health and future of partner, get references, have backup partners ready. Often expand to developed because need speciic resources, tech knowledge. Instead of traditional gradual stages, skip stages and move quickly. Challenge: balance desire for global reach with need to upgrade capabilities. Need to improve irm competencies when prioritizing global reach. Dual challeng: market creation, rd knowledge creation. If irm low tech/selling capabiltiies, enter new markets one at a time, start with less competitive markets. If strong tech/selling, expand quickly after irm established, could compete in developed markets. How to navigate poor infra, supply chain, dist network. Personnel, mgt: how to source/attract/train local talent. People tend to work for local irms perceived to be more invested in their future. But: outside have more experience with cross-border biz. Ijv control: processes used to direct success of irm"s goals. Choosing partner must determine speciic task-related skills/resources.
