Introduction to IB intermediate one, IB, RUG
Alles voor dit studieboek (4)
Geschreven voor
Rijksuniversiteit Groningen (RuG)
International Business
Introduction To International Business
Alle documenten voor dit vak (9)
Verkoper
Volgen
pmkoopman
Voorbeeld van de inhoud
Summary intro to IB Chapter 1, 2, 3, 4, and 5
CH1
Core concepts:
MNE = a firm that conducts economic transactions across national border, and that
owns assets in at least on other country than the home country
→ trade and FDI are the two main things used to conduct transactions across
borders
→ typically enters markets via two modes:
● Export: the physical production process takes place in the home country
→ shallow integration
● FDI: transfers intermediary resources from its home country (such as equipment,
people, and especially intangible knowledge and reputational assets)
→ in the case of foreign acquisition this might entail sending
expatriates and transferring managerial practices
→ physical production process inside the foreign market
→ deep integration
Triad = the three key trade and investment blocks of north america, the european union,
and the asia-pacific
- MNEs incurs additional costs of doing business abroad, resulting from cultural,
economic, institutional, and spatial distance between home and host country
environments
→ difficult to anticipate the liability of foreigness
Non-location-bound FSAs = set of MNE internal strengths, the availability of which both
allows and constrains the firms expansion across borders.
, → do not stop creating value when border is crossed (precise value may
differ)
→ costs of exploiting are relatively low, but the potential value may also be
low as it is easy to imitate
→ tacit knowledge often key source of competitive advantage abroad,
though it is expensive to transfer it is very difficult to imitate
Four types of MNEs:
● Centralized exporter = home-country managed firm sells products internationally
out of highly cost-efficient facilities in the home country. Only minor customer-
oriented, value creating activities abroad
→ standardized products
● International projector = Knowledge based FSAs developed in the home country
are transferred to foreign subsidiaries, which are clones of the home operations
● International coordinator = specialized in specific value-added activities and form
vertical value chains across borders
→ FSAs are in efficiently linking the operations through seamless
logistics
→ many MNEs in natural resources industries
● Multicentred = consists of a set of entrepreneurial subsidiaries abroad, which are
key to knowledge-based FSA development. Largely independent businesses
→ national responsiveness is the foundation
→ minimal non-location bound FSAs
Location-bound FSAs = cannot be easily transferred to foreign markers
→ four main types:
● Stand-alone resources linked to location advantages (ex. network of privileged
retail locations)
● Local marketing knowledge and reputational resources (brand names)
● Local best practices
● Domestic recombination capability
Location advantages = represent the entire set of strengths characterizing a specific
location, and usable by firms operating in that location
→ the strength depends on how effective and efficient the firms make use of
these
→ sometimes it accrues to all firms in a country (favourable tax regime)
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
√ Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, Bancontact of creditcard voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper pmkoopman. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor $5.97. Je zit daarna nergens aan vast.