Flashcard: Global Strategy and International Business — 10 carte

Competitive advantage — national environment?

Depends on resources, industry clusters, demand, and rivalry.

Globalization — definition?

Process of worldwide business interconnectedness.

Internationalization — modes?

Trade and direct investment.

Internationalization — expansion method?

Cross-border operations via trade and investment.

Globalization — industry impact?

Expands markets, increases competition, shifts industry leadership.

MNC — role?

Operates in multiple countries, leveraging international resources.

Comparative advantage — principle?

Produce most efficiently; export; import less efficient goods.

Porter’s Diamond — components?

Factor conditions, related industries, demand, strategy/rivalry.

Global industry types — examples?

Sheltered, trading, multidomestic, global industries.

Impact of internationalization — effects?

Expands markets, increases competition, shifts industry leadership.