100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
UIowa management Exam 2 Questions & 100% Correct Answers CA$19.55   Add to cart
Quickly navigate to
Preview
  2.  
  3. UIowa Management
  4.  
  5. UIowa management

Exam (elaborations)

UIowa management Exam 2 Questions & 100% Correct Answers
 16 views  0 purchase
  • Course
  • UIowa management
  • Institution
  • 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 |...

[Show more]

Preview 4 out of 52  pages

Document information

  • September 13, 2024
  • 52
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • uiowa management exam 2 questions 100 correct
  • forces for internationalization globalizatio

Written for

  • UIowa management
  • UIowa management

Seller

avatar-seller
ExamArsenal

Reviews received

Content preview

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

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 ExamArsenal. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$19.55. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$19.55
  • (0)
  Add to cart