Stages of international development
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A. Domestic Stage - Firm focuses on its home market but may begin to
export to other countries.
B. International Stage - Firm is still focused on home country but exports
begin to take a larger role.
An international division at corporate headquarters
Sales offices and warehousing in various countries.
C. Multinational Stage (Multinational Company or MNC) - Significant
amounts of foreign direct investment (Plants, Administrative Offices, R&D
Facilities, and Distribution Networks).
Explain the concept of division of labor.
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A process of splitting up a task into a series of smaller tasks, each of which
is performed by a specialist.
What are vertical linkages in an organizational structure?
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Relationships within an organizational structure that show the lines of
responsibility through which a supervisor delegates authority to
subordinates.
Function
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A specialized department within an organization.
realized strategy
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The plan of action that an organization actually follows.
What is a "greenfield" venture?
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A foreign operation that a company creates entirely by itself.
What is the concept of unity of command?
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The principle that each person within an organization should only report
directly to one supervisor.
Best advice on cyclical risk from CEO Herb Kellher
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Manage for the bad times during the good times.
What is cultural risk?
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The potential for a company's operations in a country to struggle because
of differences in language, customs, norms, and customer preferences.
Approaches to entering new businesses or expanding the current business:
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A. Domestic Stage - Firm focuses on its home market but may begin to
export to other countries.
B. International Stage - Firm is still focused on home country but exports
begin to take a larger role.
An international division at corporate headquarters
Sales offices and warehousing in various countries.
C. Multinational Stage (Multinational Company or MNC) - Significant
amounts of foreign direct investment (Plants, Administrative Offices, R&D
Facilities, and Distribution Networks).
Explain the concept of division of labor.
,Give this one a try later!
A process of splitting up a task into a series of smaller tasks, each of which
is performed by a specialist.
What are vertical linkages in an organizational structure?
Give this one a try later!
Relationships within an organizational structure that show the lines of
responsibility through which a supervisor delegates authority to
subordinates.
Function
Give this one a try later!
A specialized department within an organization.
realized strategy
Give this one a try later!
The plan of action that an organization actually follows.
What is a "greenfield" venture?
, Give this one a try later!
A foreign operation that a company creates entirely by itself.
What is the concept of unity of command?
Give this one a try later!
The principle that each person within an organization should only report
directly to one supervisor.
Best advice on cyclical risk from CEO Herb Kellher
Give this one a try later!
Manage for the bad times during the good times.
What is cultural risk?
Give this one a try later!
The potential for a company's operations in a country to struggle because
of differences in language, customs, norms, and customer preferences.
Approaches to entering new businesses or expanding the current business:
