Intro to IB week 13

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Pytanie Odpowiedź
global integration (or aggregation) strategies
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Strategies that focus on synergies between operations at different locations.
local responsiveness (or adaptation) strategies
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Strategies that deliver locally adapted products in each market.
integration-responsiveness framework
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A framework of MNE management on how to simultaneously deal with global integration and local responsiveness.
home replication strategy
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A strategy that emphasizes international replication of home country-based competencies such as production scales, distribution efficiencies and brand power.
localization (multidomestic) strategy
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A strategy that focuses on a number of foreign countries/ regions, each of which is regarded as a stand-alone ‘local’ (domestic) market worthy of significant attention and adaptation.
global standards strategy
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A strategy that relies on the development and distribution of standardized products worldwide to reap the maximum benefits from low-cost advantages.
transnational strategy
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A strategy that aims to be simultaneously costefficient, locally responsive and learning-driven around the world.
corporate headquarters (HQ)
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An MNE’s central unit that hosts corporate executives as well as central staff functions.
international division
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A structure bundling all international activities into one unit.
geographic area structure
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An organizational structure that organizes the MNE according to different countries and regions.
regional headquarters (regional HQ)
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An organizational unit coordinating and supporting activities across a multi-country region.
country managers
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Business leaders of a specific geographic area or region.
global product division
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An organizational structure that assigns global responsibilities to each product division.
global matrix
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An organizational structure with two set lines of authority, typically a regional line and a product line
worldwide (or global) mandate
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A charter to be responsible for one MNE function throughout the world.
subsidiary initiatives
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The proactive and deliberate pursuit of new opportunities by a subsidiary to expand its scope of responsibility
knowledge management
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The structures, processes and systems that actively develop, leverage and transfer knowledge.
explicit knowledge
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Knowledge that is codifiable (that is, can be written down and transferred with little loss of its richness).
tacit knowledge
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Knowledge that is non-codifiable, and its acquisition and transfer require hands-on practice
organizational (teamembedded) knowledge
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Knowledge held in an organization that goes beyond the knowledge of the individual members.
boundary spanners
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Individuals with strong networks across business units, and frequently communicating with their network
reverse knowledge transfer
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Knowledge created in a subsidiary being transferred from the subsidiary to a parent organization.
community of practice (CoP)
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Group of people doing similar or related work and sharing knowledge about their practices of work.
virtual communities of practice
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Communities of practice interacting via the internet.
knowledge governance
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The structures and mechanisms MNEs use to facilitate the creation, integration, sharing and utilization of knowledge.
absorptive capacity
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The ability to recognize the value of new information, assimilate it and apply it.
social capital
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The informal benefits individuals and organizations derive from their social structures and networks.
national innovation systems
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The institutions and organizations that influence innovation activity in a country
business unit headquarters
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The central coordinating unit for an entire business unit.
marketing
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Efforts to create, develop and defend markets that satisfy the needs and wants of individual and business customers.
supply chain
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Flow of products, services, finances and information that passes through a set of entities from a source to the customer.
supply chain management
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Activities to plan, organize, lead and control the supply chain.
consumer research
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Research aiming to explain and predict the behaviours of consumers.
big data analytics
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Research methods exploring very large-scale datasets.
ethnography
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Research method exploring cultural phenomena through participant observation.
marketing mix
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The four underlying components of marketing: product, price, promotion and place. product The offerings that customers purchase.
market segmentation
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A way to identify consumers who differ from others in purchasing behaviour.
multi-tier branding
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A portfolio of different brands targeted at different consumer segments.
country of origin images
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Associations of a brand with the culture of a particular country
price
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The expenditures that customers pay for a product.
price elasticity
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How demand changes when prices change.
total cost of ownership
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Total cost needed to own a product, consisting of initial purchase cost and follow-up maintenance/ service cost.
promotion
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Communications that marketers insert into the marketplace.
place
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The location where products and services are provided.
distribution channel
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The set of business units and intermediaries that facilitates the movement of goods to consumers.
inbound logistics
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Purchasing and the coordination of intermediaries on the supply side
outbound logistics
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Sales and the coordination of intermediaries on the customer side.
intra-logistics
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The effective movement of goods within a factory.
agility
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The ability to react quickly to unexpected shifts in supply and demand.
adaptability
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The ability to change supply chain configurations in response to long-term changes in the environment and technology
alignment
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The alignment of interests of various players.
third-party logistics (3PL)
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A neutral intermediary in the supply chain that provides logistics and other support services.
standards in advertising
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Formal rules designed by governments to protect consumers.
business-to-consumer (B2C)
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marketing Marketing to final consumers of a product.
business-to-business (B2B)
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marketing Marketing to other businesses that will further process the product.
relationship marketing
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A focus to establish, maintain and enhance relationships with customers.
ingredients brand
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Creating a brand identity for a component of a product.

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