Summary
summary of classes AIM
- Course
- Institution
Summary of the classes given at the VU during the Advanced International Management courses
[Show more]
1 review
By: annakohnstamm • 8 year ago
Seller
Followfaabie
Reviews received
Content preview
AIM SlidesCollege 1
MNE: direct investment in foreign countries, actively manages foreign assets.
Theory of internationalization: Uppsala model
Firm specific advantages
Network centrality
Brokerage
Global strategy: basis means by which the company competes (choice of business and how it
is differentiated from that of its competitors). Needed in global industries in which the
competitive position of a firm at home is affected by its competitive position in a foreign
market.
Home region oriented: over 50% sales in home region
Host region oriented: over 50% sales in host region
Bi-regional: over 20% in each of two regions, less than 50% in one region
Global: over 20% in all markets, less than 50% in one market
College 2 Entry mode choice
Pan & Tse: hierarchical model of choice of entry modes
Decision tree, decision 1: Equity or non-equity? Decision 2: which mode?
Weighing factors: location, risk orientation, power distance, ties w/ host country, industry
, Contractual agreements (alliance) vs. equity joint ventures
Equity joint venture vs. wholly owned subsidiary = Hennart & Reddy
Greenfield vs. acquisition = Harzing
Firm Assets & Entry Mode Choice
Joint venture vs. Acquisition
-Asset indigestibility -Asset digestible
(Tied/nondesired assets) (Small firm or divisionalized)
-Unclear value of assets -Clear value of assets
(Firm is in different industry) (Firm is in same industry)
Isomorphism: imitation behavior, internal (US firm sticks to US salaries) or external (US firm
pays salary according to host country standards)
Strategy & entry mode choice
Greenfield vs. Acquisition
Global strategy Multidomestic strategy
-Globalization -Local adaption
-Exploitation of -Exploitation of location bound FSA
non-location bound FSA -External isomorphism
-Internal isomorphism
College 3
Clusters: competition & cooperation = co-opetition
Differentiation: brand equity, higher prices, desirable features
Externality
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller faabie. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.17. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
48298 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 15 years now