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UIowa management Exam 2 Questions & 100% Correct Answers

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  • Course
  • UIowa management
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  • UIowa Management

Forces for Internationalization ~~> Globalization - tendency of firms to expand sales, manufacturing, and ownership to new markets in other countries -modern communication technology -air travel -corporate globalism Pros and Cons of gobalization 2 | P a g e | © copyright 2024/2025 |...

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  • September 13, 2024
  • 52
  • 2024/2025
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  • UIowa management
  • UIowa management
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1 | P a g e | © copyright 2024/2025 | Grade A+




UIowa management Exam 2 Questions &
100% Correct Answers
Forces for Internationalization

✓ ~~> Globalization - tendency of firms to expand sales, manufacturing,

and ownership to new markets in other countries

✓ -modern communication technology

✓ -air travel

✓ -corporate globalism




Pros and Cons of gobalization




Master01 | September, 2024/2025 | Latest update

, 2 | P a g e | © copyright 2024/2025 | Grade A+



✓ ~~> Pros:

✓ -productivity grows

✓ -living standards increase

✓ -inflation is less likely (cheap)

✓ -innovation (new ideas)

✓ -access to new markets and new customers

✓ -export jobs pay more

✓ Cons:

✓ -Americans lose jobs

✓ -fear losing jobs

✓ -competition for american companies

✓ -pay cut

✓ -service and white collar job in danger




Internationalization Process - 5 big options

✓ ~~> Stage 1: Exporting - selling domestically produced products to

customers in foreign countries

Stage 2: Cooperative contracts - an agreement in which a foreign business

owner pays a company a fee for the right to conduct that business in his or

her country




Master01 | September, 2024/2025 | Latest update

, 3 | P a g e | © copyright 2024/2025 | Grade A+



Stage 3: Strategic alliances - an agreement in which companies combine

key resources, costs, risks, technology, and people

Stage 4: Wholly owned affiliates - foreign offices, facilities, and manufacturing

plants that are 100% owned by the parent company




New Global Ventures - new companies that are founded with an active

global strategy and have sales, employees, and financing in different

countries




2 types of cooperative contracts

✓ ~~> Licensing - an agreement in which a domestic company, the

licencor, receives royalty payments for allowing another company, the

licensee to produce the licencor's product, sell its service, or use its

brand name in a specified foreign market

Franchising - a collection of networked firms in which the manufacturer or

marketer of a product or service, the franchiser, licenses the entire business to

another person or organization, the franchisee




Problem at Mustang Jeans




Master01 | September, 2024/2025 | Latest update

, 4 | P a g e | © copyright 2024/2025 | Grade A+



✓ ~~> deals with international business, does business the "american

way", which turns off foreign business leaders

-the cultural imperative

-culture barriers and norms prevented american man and Japanese man

from doing business together




High context cultures

✓ ~~> Cultures in which nonverbal and situational messages convey

meaning

-relationship more important than terms




Low context cultures

✓ ~~> Cultures in which words convey primary meaning

-nonverbal messages are secondary

-the terms of the deal are more important than building a business

relationship




Hofstede's dimensions

✓ ~~> -long-term vs. short-term orientation

-uncertainty avoidance

-masculinity vs. femininity


Master01 | September, 2024/2025 | Latest update

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