D080 Study Guide Filled in
Questions in this set (161)
When international integration arises from the interchange of
What is globalization?
world views, products, ideas and cultures.
What are business opportunities Trade, transactions, capital and investment movements. The
that are presented by migration and movement of people and the dissemination
globalization? of knowledge.
Culture effects of globalization Ideas, meanings, values. Decreased uniqueness by once isolated
communities.
Political effects of globalization Reduces importance of nation states
Economic effects of globalization International movement of goods, capital, services and technology and
information.
What are arguments for Access to broader market, gains access to cheap labor.
globalization?
What are arguments against Needs to understand foreign legal and political policies.
globalization?
Market entry (Five stages Companies enter new country's using business models
of entering a global similar to the ones in home market.
market)
Production Specialization (Five Companies transfer the full production process of a product to a single
stages of entering a global location.
market)
, Value Chain Desegregation (Five Desegregating the the production process and focus on
stages of entering a global completing each activity in a better location. (different
market) areas)
Value Chain Reengineering (Five Companies seek to further increase their cost savings by
stages of entering a global reengineering their production process.
market)
Creation of New Markets (Five Allows companies to lower their sticker prices in both new and old
stages of entering a global markets.
market)
Cost Driver (4 drivers of Refers to product development, manufacturing, and sourcing.
globalization)
Competitive Driver (4 New markets, increased level of trade.
drivers of globalization)
Market Driver (4 drivers of Customer needs. Preferences vary by product.
globalization)
Government Driver (4 Absence or presence of trade policies, technical standards, policies
drivers of globalization) and regulations.
Refers to the concept that the unit cost to produce a product
Economies of Scale
will decline as the variety increases.
More array of products, services technologies, medicines,
Benefits of Global Expansion and knowledge Increased sales and exchanges
Growth rate in GDP
Unsaturated demand for
new product Lower labor
MNC's Benefits of Global
Expansion costs
Less expensive natural
resources Higher revenue
or lower structure cost
Ethical business practice (labor, safety, environment)
Organizational structure (incorporating new regions
MNC's Cost of Global to the value chain) Public relations
Expansion Leadership
Legal and regulatory structure
C (CAGE) Culture. Shared beliefs, practices, norms.
A (CAGE) Administration. Similar country's trade with each other
G (CAGE) Geography. Location
E (CAGE) Economic. Socioeconomic and demiographic
World is flat events that made the world smaller.
Monarchy A single person ruling until death. (Britain)
Oligarchy Small elite group holds power. (Russia)
Dictatorship One person rules (Hitler)
Democracy Citizens organize political parties. (USA)
Centers around family (hunt gather &
Questions in this set (161)
When international integration arises from the interchange of
What is globalization?
world views, products, ideas and cultures.
What are business opportunities Trade, transactions, capital and investment movements. The
that are presented by migration and movement of people and the dissemination
globalization? of knowledge.
Culture effects of globalization Ideas, meanings, values. Decreased uniqueness by once isolated
communities.
Political effects of globalization Reduces importance of nation states
Economic effects of globalization International movement of goods, capital, services and technology and
information.
What are arguments for Access to broader market, gains access to cheap labor.
globalization?
What are arguments against Needs to understand foreign legal and political policies.
globalization?
Market entry (Five stages Companies enter new country's using business models
of entering a global similar to the ones in home market.
market)
Production Specialization (Five Companies transfer the full production process of a product to a single
stages of entering a global location.
market)
, Value Chain Desegregation (Five Desegregating the the production process and focus on
stages of entering a global completing each activity in a better location. (different
market) areas)
Value Chain Reengineering (Five Companies seek to further increase their cost savings by
stages of entering a global reengineering their production process.
market)
Creation of New Markets (Five Allows companies to lower their sticker prices in both new and old
stages of entering a global markets.
market)
Cost Driver (4 drivers of Refers to product development, manufacturing, and sourcing.
globalization)
Competitive Driver (4 New markets, increased level of trade.
drivers of globalization)
Market Driver (4 drivers of Customer needs. Preferences vary by product.
globalization)
Government Driver (4 Absence or presence of trade policies, technical standards, policies
drivers of globalization) and regulations.
Refers to the concept that the unit cost to produce a product
Economies of Scale
will decline as the variety increases.
More array of products, services technologies, medicines,
Benefits of Global Expansion and knowledge Increased sales and exchanges
Growth rate in GDP
Unsaturated demand for
new product Lower labor
MNC's Benefits of Global
Expansion costs
Less expensive natural
resources Higher revenue
or lower structure cost
Ethical business practice (labor, safety, environment)
Organizational structure (incorporating new regions
MNC's Cost of Global to the value chain) Public relations
Expansion Leadership
Legal and regulatory structure
C (CAGE) Culture. Shared beliefs, practices, norms.
A (CAGE) Administration. Similar country's trade with each other
G (CAGE) Geography. Location
E (CAGE) Economic. Socioeconomic and demiographic
World is flat events that made the world smaller.
Monarchy A single person ruling until death. (Britain)
Oligarchy Small elite group holds power. (Russia)
Dictatorship One person rules (Hitler)
Democracy Citizens organize political parties. (USA)
Centers around family (hunt gather &
