Test #1 Global Strategy Flashcards Table View

     

BRIC BRAZIL, RUSSIA, INDIA, CHINA
EMERGING MARKETS A LABEL THAT DESCRIBES FAST GROWING, DEVELOPING ECONOMIES SINCE THE 1990S
STRATEGIC MANAGEMENT A WAY OF MANAGING THE FIRM FROM A STRATEGIC, "BIG PICTURE" PERSPECTIVE
"STRATEGY AS A PLAN" STRATEGIES HELP ORGANIZATIONS ACCOMPLISH GOALS
"STRATEGY AS AN ACTION" A FIRM'S STRATEGY IS REFLECTED BY ITS PATTERN OF ACTIONS
STRATEGY A FIRM'S THEORY OF HOW TO COMPETE SUCCESSFULLY
INTENDED STRATEGY WHAT YOU PLAN WILL HAPPEN
EMERGING STRATEGY WHAT ACTUALLY OCCURS
GLOBAL STRATEGY (1) THE STRATEGY OF FIRM'S AROUND THE GLOBE(2) A PARTICULAR FORM OF INTERNATIONAL STRATEGY, CHARACTERIZED BY THE PRODUCTION & DISTRIBUTION OF STANDARDIZED PRODUCTS & SERVICES ON A WORLDWIDE BASIS
GLOBALIZATION THE CLOSE INTEGRATION OF COUNTRIES & PEOPLES OF THE WORLD
SEMIGLOBALIZATION A PERSPECTIVE  THAT STATES THAT BARRIERS TO A MARKET INTEGRATION MAY BE HIGH BUT NOT HIGH ENOUGH TO ISOLATE COUNTRIES FROM EACH OTHER
INDUSTRY A GROUP OF FIRMS PRODUCING PRODUCTS SIMILAR TO ONE ANOTHER
THE 5 FORCE FRAMEWORK RIVALRY AGAINST COMPETITORS, BARGAINING POWER OF BUYERS, BARGAINING POWER OF SUPPLIERS, THREAT OF POTENTIAL NEW ENTRANTS, & THREAT OF SUBSITUTE PRODUCTS
SCALE-BASED ADVANTAGES ADVANTAGES DERIVED FROM ECONOMIES OF SCALE
ECONOMIES OF SCALE THE ABILITY TO LOWER YOUR UNIT COSTS BY PRODUCING MORE 
PRODUCT DIFFERENTIATION THE UNIQUENESS OF A PRODUCT CUSTOMERS VALUE
FORWARD INTEGRATION ACQUIRING & OWNING DOWNSTREAM ASSETS (I.E. RETAIL STORES)
BACKWARD INTEGRATION ACQUIRING & OWNING UPSTREAM ASSETS (MANUFACTURING PLANT)
RESOURCES & CAPABILITIES TANGIBLE/INTANGIBLE ASSETS A FIRM USES TO CHOOSE AND UTILIZE ITS STRATEGY
TANGIBLE RESOURCES & CAPABILITIES FINANCIAL, PHYSICAL, TECHNOLOGICAL, ORGANIZATIONAL
INTANGIBLE RESOURCES & CAPABILITIES HUMAN, REPUTATION, INNOVATION
VALUE CHAIN GOODS & SERVICES PRODUCED THROUGH A CHAIN OF VERTICAL ACTIVITIES THAT ADD VALUE
POWER DISTANCE THE DEGREE OF SOCIAL INEQUALITY
INDIVIDUALISM V. COLLECTIVISM THE IDEA THAT WHO YOU ARE IS SHAPED BY YOUR INDIVIDUALITY OR BY MEMBERSHIP TO A GROUP
MASCULINITY V. FEMININITY THE IDEA THAT MEN PLAY MORE ASSERTIVE ROLES & WOMEN PLAY MORE NUTURING ROLES OR THAT WOMEN PLAY MORE ASSERTIVE ROLES & MEN PLAY NUTURING ROLES
UNCERTAINTY AVOIDANCE EXTENT TO WHICH MEMBERS ACCEPT AMBIGUOUS SITUATIONS AND UNCERTAINTY
LONG TERM V. SHORT TERM ORIENTATION LOOKING TOWARD THE FUTURE (SAVINGS) OR LOOKING IN THE SHORT TERM (INSTANT GRATIFICATION)
CULTURAL DISTANCE THE DIFFERENCE BETWEEN TWO CULTURES BASED ON DIMENSIONS
INSTITUTIONAL DISTANCE THE EXTENT OF SIMILARITIES/DIFFERENCES BASED ON THE NORMATIVE, REGULATORY, & COGNITIVE INSTITUTIONS OF 2 COUNTRIES
ENTREPRENEURSHIP THE IDENTIFICATION & EXPLOITATION OF OPPORTUNITY
ENTREPRENEUR SOMEONE WHO DISOVERS, EVALUATES & EXPLOITS OPPORTUNITIES
INTERNATIONAL ENTREPRENEURSHIP THE COMBINATION OF INNOVATIVE, PROACTIVE, RISK TAKING BEHAVIOR ACROSS BORDERS
SERIAL ENTREPRENEURS PEOPLE WHO SPEND A LARGE AMOUNT OF TIME STARTING, GROWING, AND SELLING BUSINESSES