Exam (elaborations)
Global Business
- Module
- Institution
- Book
Exam study book Global Business of Mike W. Peng - ISBN: 9789814844703 (Global Business)
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
BUS5013 Sales Management Sales and Negotiation Proposal
-
MNB3702 Assessment 5 SEMESTER 2 2024 ___________ are given expatriate assignments both to develop capabilities and to serve in strategically important roles in the MNE’s worldwide operation a. Glo...
-
Global Business
Seller
Follow
kushboopatel6867
Reviews received
Content preview
Solution Manual for Global Business, 5th Edition by PengMike, Verified Chapters 1 - 17, Complete Newest Version
Multinational Enterprise - ANSWER: Firm that participates in FDI (Foreign Direct
Investment)
Foreign Direct Investment (FDI) - ANSWER: Investment in, controlling, and managing
value-added activities in other countries
Global Business - ANSWER: Business around the globe (Both international and
domestic)
Negatives of MNE - ANSWER: -Possible negative economic and/or environmental
impact in foreign markets
-Possible negative economic impact in home country due to outsourcing jobs
Institution-based view - ANSWER: Formal and informal rules of the game
Resource based view - ANSWER: Firm Specefic resources and capabilities
What determines the success and failure of firms around the globe - ANSWER: Step
2- institution based view
Step 3- resource based view
Formal rules - ANSWER: Laws and regulations
Informal Rules - ANSWER: cultures, ethics, and norms play an important part in
shaping the success and failure of firms around the globe
What entities in an institution based view? - ANSWER: Laws, regulations, EU, World
Trade Org, US-Mexico-Canada-Agreement (USMCA)
What is Resources based view - ANSWER: -Firms take advantage of opportunities
using current resources in a new way rather than acquiring new skills for each
different oppurntunity
Globalization - ANSWER: The close intergration of countries and peoples of the world
Three major views of Globalization - ANSWER: -A new force sweeping through the
world in recent times
- A long-run historical evolution since the dawn of human history
- A pendulum that swings from one extreme to another from time to time
Emerging economies - ANSWER: Term that replaced the term "developing countries"
, BRIC - ANSWER: Brazil, Russia, India, China
BRICS - ANSWER: Brazil, Russia, India, China, South Africa
Reverse Innovation - ANSWER: Innovation that is adopted first in emerging
economies then diffused around the world
Risk Management - ANSWER: Indentification and assesment fo risks and the
preparation to minimize the impact of high-risk, unfortunate events
Black Swan Events - ANSWER: An unpredictable event that is beyond what is
normally expected and has severe consequences (COVID-19)
Semi Globalization - ANSWER: Perspective thats uggest barriers to market
integration at borders are high, but not high enough to insulate countries from each
other completely
GDP - ANSWER: The sum of value added by resident firms, households, and
governments operating in a economy
PPP (Purchasing power Parity) - ANSWER: A conversion that determines the
equivalent amount of goods and services that different currencies can purchase
GNP (Gross national Product) - ANSWER: GDP plus income from nonresident sources
abroad (Foreign)
GNI (Gross National Income) - ANSWER: Term used by the World Bank, to supersede
the term GNP, means the same thing as GNP
Democracy - ANSWER: A political system in which the supreme power lies in a body
of citizens who can elect people to represent them
Totalitarianism (dictatorship) - ANSWER: One person or party has absolute political
control over the population
Authoritariansim - ANSWER: A political system in which political plurality is
undermined and concentrated government power is imposed
Communism - ANSWER: Government owns and controls all major factors of
production
-employee unions exsist but controlled by the state
-individual righst give way to collectivist rights
Socialism - ANSWER: Ideology where government/state plays a strong role in the
economy and may own stakes in certain businesses
-Different classes exist, wants to share the wealth among classes
-disparities in income are less severe than in capatalism
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 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 kushboopatel6867. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £14.74. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53340 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now