Summary
Samenvatting International Business Class
- Course
- Institution
Summary of 118 pages for the course Internationaal zakenwezen at UGent (3rd year, 1st vote)
[Show more]
Seller
Follow
mariebaesv
Content preview
INTERNATIONALBUSINESS CLASS
1
,TABLE OF CONTENTS
TABLE OF CONTENTS .............................................................................................................................. 2
1 STRATEGY ........................................................................................................................................ 7
1.1 5 STEPS IN STRATEGY .......................................................................................................................... 7
1.2 DEFINE PURPOSE WITH STAKEHOLDERS .................................................................................................... 7
1.2.1 STAKEHOLDER ANALYSIS ............................................................................................................................... 7
1.2.2 BUSINESS PURPOSE VS SOCIAL PURPOSE.......................................................................................................... 8
1.2.3 UN SUSTAINABLE DEVELOPMENT GOALS ......................................................................................................... 9
1.2.4 IMPACT INVESTING .................................................................................................................................... 10
1.2.5 PURPOSE OR GREENWASH .......................................................................................................................... 10
1.3 EXTERNAL ANALYSIS ......................................................................................................................... 11
1.3.1 PORTER’S 5 FORCES................................................................................................................................... 11
1.3.2 STEEPLE (MARKET ATTRACTIVENESS) .......................................................................................................... 12
1.3.3 KPMG INNOVATION LAB METHODOLOGY .................................................................................................... 12
1.3.4 COMPANY VS ECOSYSTEM .......................................................................................................................... 13
1.3.5 GE MCKINSEY .......................................................................................................................................... 13
1.3.6 CAPABILITY MATURITY ............................................................................................................................... 14
1.3.7 BUSINESS CYCLES ...................................................................................................................................... 15
1.4 INTERNAL ANALYSIS .......................................................................................................................... 16
1.4.1 CORE COMPETENCES (HAMEL-PRAHALAD) .................................................................................................... 16
1.4.2 GE MCKINSEY .......................................................................................................................................... 17
1.4.3 CORPORATE REPUTATION QUOTIENT MODEL (HARRIS-FOMBRUN)................................................................... 17
1.5 EXTERNAL AND INTERNAL FACTORS COMBINED ........................................................................................ 18
1.5.1 PORTFOLIO OVERVIEW ............................................................................................................................... 18
1.5.2 GE-MCKINSEY MATRIX ............................................................................................................................. 18
1.6 DEFINE STRATEGY ............................................................................................................................ 19
1.6.1 VALUE DRIVERS TREE AND UNDERLYING VALUE DRIVERS .................................................................................. 19
1.6.2 9 LEVERS OF VALUE ................................................................................................................................... 20
1.6.3 PORTER’S GENERIC STRATEGIES ................................................................................................................... 21
1.6.4 3C MODEL BY KENICHI OHMAE (FAMOUS JAPANESE ECONOMIST) .................................................................... 21
1.6.5 VALUE DISCIPLINE MODEL (TRACEY & WIERSEMA) ......................................................................................... 22
1.6.6 THE ANSOFF MATRIX ................................................................................................................................ 22
1.6.7 MOTIVATIONS FOR FOREIGN EXPANSION....................................................................................................... 23
1.7 IMPLEMENTATION ............................................................................................................................ 23
1.7.1 8 THEMES OF NEW REALITY ......................................................................................................................... 23
2 FRAMEWORK OF A. VERBEKE .......................................................................................................... 25
2.1 THE ESSENCE OF INTERNATIONAL BUSINESS ............................................................................................ 25
2.1.1 COMPONENTS OF THE UNIFYING FRAMEWORK ............................................................................................... 25
2.1.2 THE ESSENCE OF INTERNATIONAL BUSINESS STRATEGY ..................................................................................... 26
2.2 RESOURCE BASE............................................................................................................................... 26
2.3 ROUTINES ...................................................................................................................................... 27
2.4 RECOMBINATION ............................................................................................................................. 27
2.5 INTERNATIONAL TRANSFERABILITY OF FSA’S ........................................................................................... 27
2.6 LOCATION ADVANTAGES .................................................................................................................... 29
2.7 THE 4 ARCHETYPES OF MNE ............................................................................................................... 29
2.7.1 WHICH TYPE OF BUSINESS IS THE MNE......................................................................................................... 29
2
,2.7.2 COMBINATION OF ARCHETYPES ................................................................................................................... 29
2.8 4 TYPES OF DISTANCE ........................................................................................................................ 32
2.9 BOUNDED RATIONALITY..................................................................................................................... 33
2.10 BOUNDED RELIABILITY ..................................................................................................................... 33
2.11 BOUNDED RELIABILITY VS BOUNDED RATIONALITY .................................................................................. 34
2.12 7 QUESTIONS IN INTERNATIONAL BUSINESS STRATEGY ............................................................................. 34
2.13 GUIDE VERSUS COMMAND ............................................................................................................... 35
2.13.1 HOW DO YOU COMMUNICATE WITH LOCAL MANAGERS ? ............................................................................... 35
2.14 HIERARCHY................................................................................................................................... 35
2.14.1 WHAT ARE THE ROLES OF THE SUBSIDIARIES ? .............................................................................................. 35
2.15 R&D HOMEBASED EXPLOITING VS AUGMENTING ................................................................................... 36
2.15.1 5 MANAGEMENT TAKE-AWAYS .................................................................................................................. 37
2.16 THE 6 TYPES OF FACTORIES ............................................................................................................... 37
2.16.1 5 MANAGEMENT TAKEAWAYS ................................................................................................................... 38
2.17 FOREIGN CURRENCY........................................................................................................................ 39
2.17.1 ECONOMIC EXPOSURE ............................................................................................................................. 39
2.17.2 FOREIGN CURRENCY MANAGEMENT ........................................................................................................... 40
2.17.3 5 MANAGEMENT KEY TAKEAWAYS .............................................................................................................. 41
2.18 INTERNATIONAL MARKETING............................................................................................................. 41
2.18.1 5 MANAGEMENT TAKEAWAYS ................................................................................................................... 42
2.19 MANAGING EXPAT MANAGERS .......................................................................................................... 42
2.20 MANAGING DISTRIBUTORS ............................................................................................................... 43
2.20.1 5 MANAGEMENT TAKEAWAYS ................................................................................................................... 45
2.21 MANAGING ALLIANCES .................................................................................................................... 45
2.21.1 5 MANAGEMENT TAKEAWAYS ................................................................................................................... 46
2.22 INNOVATIONS FROM ENVIRONMENTAL TRIGGERS ................................................................................... 46
3 CONCEPTS OF M&A ........................................................................................................................ 47
3.1 STEPS IN BUYING A COMPANY ............................................................................................................. 47
3.2 BUSINESS CYCLES TRIGGER M&A ......................................................................................................... 47
3.3 TRANSACTION TYPES AND STRUCTURES ................................................................................................. 47
3.4 SELL SIDE STEPS ............................................................................................................................... 48
3.5 DUE DILIGENCE ............................................................................................................................... 48
3.6 QUALITY OF EARNINGS ...................................................................................................................... 49
3.7 QUALITY OF DEPT ............................................................................................................................. 50
3.8 WORKING CAPITAL ........................................................................................................................... 50
3.9 DATA ROOM ................................................................................................................................... 51
3.10 SHARE PURCHASE AGREEMENT (SPA) ................................................................................................. 52
3.10.1 IMPORTANCE OF SPA .............................................................................................................................. 52
3.10.2 INDICATIVE SPA STRUCTURE ..................................................................................................................... 52
3.11 RISK / VALUE MODEL FOR M&A ........................................................................................................ 52
3.12 INTEGRATION PITFALLS .................................................................................................................... 53
3.13 FINANCING OPTIONS (DIFFERENT OVER THE LIFECYCLE) ............................................................................ 54
3.13.1 PRIVATE EQUITY...................................................................................................................................... 54
3.13.2 CROWDFUNDING .................................................................................................................................... 55
4 MEGATRENDS ................................................................................................................................ 56
4.1 GROUPING OF MEGATRENDS .............................................................................................................. 56
4.1.1 BLACKROCK CLASSIFICATION ....................................................................................................................... 56
4.2 40+ MEGATRENDS ........................................................................................................................... 57
3
, 4.2.1 GEOPOLITICS ............................................................................................................................................ 57
4.2.2 GROWTH OF POPULATION .......................................................................................................................... 57
4.2.3 URBANIZATION......................................................................................................................................... 58
4.2.4 MEGA CITIES ............................................................................................................................................ 58
4.2.5 AGEING PEOPLE ........................................................................................................................................ 58
4.2.6 SHARING MODELS TO FIGHT RESOURCE SCARCITY ........................................................................................... 59
4.2.7 PAY PER USE MODELS TO SOLVE RESOURCE SCARCITY ...................................................................................... 59
4.2.8 NEW MATERIALS ....................................................................................................................................... 59
4.2.9 CIRCULARITY ............................................................................................................................................ 59
4.2.10 ENVIRONMENTAL ISSUES .......................................................................................................................... 60
4.2.11 LACK OF SPACE ....................................................................................................................................... 60
4.2.12 SPACE GETTING CLOSER............................................................................................................................ 60
4.2.13 DISASTERS THROUGH CLIMATE CHANGE ...................................................................................................... 60
4.2.14 ENERGY TRANSITION................................................................................................................................ 60
4.2.15 ELECTRIFICATION .................................................................................................................................... 61
4.2.16 OMNI PRESENCE OF SMARTPHONE ............................................................................................................. 61
4.2.17 SCREENIFICATION.................................................................................................................................... 62
4.2.18 WEARABLE TECHNOLOGY ......................................................................................................................... 62
4.2.19 INTERNET OF THINGS ............................................................................................................................... 62
4.2.20 VIRTUAL REALITY AND AUGMENTED REALITY (VR AND AR) ............................................................................ 62
4.2.21 GOOGLE GLASSES BACK IN BUSINESS........................................................................................................... 62
4.2.22 AR THANKS TO POKEMON ........................................................................................................................ 62
4.2.23 AGENTS OR VIRTUAL ASSISTANTS ............................................................................................................... 63
4.2.24 METAVERSE ........................................................................................................................................... 63
4.2.25 ROBOTS ................................................................................................................................................ 63
4.2.26 BOTS .................................................................................................................................................... 63
4.2.27 PLATFORM ECONOMY .............................................................................................................................. 63
4.2.28 EDUCATION CHANGES .............................................................................................................................. 63
4.2.29 BIG 5 BECOME EVEN BIGGER ..................................................................................................................... 64
4.2.30 BLOCKCHAIN .......................................................................................................................................... 64
4.2.31 ALWAYS CONNECTED ............................................................................................................................... 64
4.2.32 DISRUPTING STARTUPS ............................................................................................................................ 64
4.2.33 DIGIMETER PROFILES ............................................................................................................................... 64
4.2.34 VALUE OF DATA ...................................................................................................................................... 65
4.2.35 NETFLIX STORY ....................................................................................................................................... 65
4.2.36 PERSONALISATION .................................................................................................................................. 65
4.2.37 BIG BROTHER WATCHING US ..................................................................................................................... 65
4.2.38 AI ON THE LOOSE .................................................................................................................................... 66
4.2.39 ETHICAL DILEMMA’S ................................................................................................................................ 66
4.2.40 FUTURE OF JOBS ..................................................................................................................................... 66
4.2.41 SECURITY RISKS ....................................................................................................................................... 66
4.2.42 QUANTUM COMPUTING ........................................................................................................................... 67
4.2.43 COMPANIES GROW FASTER ....................................................................................................................... 67
4.2.44 AGILITY ................................................................................................................................................. 67
4.2.45 CONSCIOUS CONSUMER ........................................................................................................................... 67
4.2.46 WHAT CAN WE LEARN FROM SCHUMPETER ................................................................................................. 67
5 GUEST-LECTURE MARS (TOM LEEMANS) ......................................................................................... 68
5.1 THE STORY OF MARS ........................................................................................................................ 68
5.1.1 HISTORY .................................................................................................................................................. 68
5.1.2 VISION .................................................................................................................................................... 69
5.1.3 PRODUCTS ............................................................................................................................................... 69
4
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 mariebaesv. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.57. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
51683 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 15 years now