Docsity
Docsity

Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity


Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan


Guidelines and tips
Guidelines and tips

Competitive Advantage and Internationalization Strategies, Exams of Social Sciences

An overview of key concepts related to competitive advantage and internationalization strategies for businesses. It covers topics such as national competitive advantage, firm-level competitive advantages, innovation, monopolistic advantage, comparative advantage, international collaborative ventures, joint ventures, internationalization, strategic alliances, internationalization theory, country risk, political systems, legal systems, economic blocs, advanced economies, developing economies, emerging market economies, transition economies, privatization, global challengers, purchasing power parity, international strategy, global organizational culture, and global integration.

Typology: Exams

2023/2024

Available from 09/20/2024

ROCKY-B
ROCKY-B 🇰🇪

5

(1)

3.2K documents

1 / 4

Toggle sidebar

Related documents


Partial preview of the text

Download Competitive Advantage and Internationalization Strategies and more Exams Social Sciences in PDF only on Docsity! IBM FINAL EXAM QUESTIONS & ANSWERS 6,7,9,10, 12 - Answers -296 297 299 306 307 312 chapter 12 The most advantaged nations today possess ______________, maximized when numerous industries collectively _____________ and the nation itself has comparative advantages that benefit those particular industries - Answers -national competitive advantage, firm-level competitive advantages At both the firm and national levels, competitive advantage and technological advances grow out of __________ - Answers -innovation monopolistic advantage - Answers -valuable resource that a company holds and leverages to generate profits, and which few other firms have. ) According to this theory, companies that internationalize through FDI are more likely to succeed if they own or control certain advantages that foreign competitors do not generally possess (a degree of monopoly power). Comparative Advantage (Country-Specific Advantage) - Answers -describes superior features of a country that provide unique benefits in global competition, typically derived from either natural endowment or deliberate national policies. Competitive Advantage (Firm-Specific Advantage) - Answers -organizational assets and competencies that are difficult for competitors to imitate and thus help firms enter and succeed in foreign markets. International Collaborative Ventures - Answers -A collaborative venture is a form of cooperation between two or more firms joint ventures - Answers -the formation of a new legal entity; Since 1947, ___________ and later the ________ have achieved much success in fostering economic integration on a global scale. - Answers -the General Agreement on Tariffs and Trade (GATT), WTO Internationalization - Answers -takes place in incremental stages over a long time: Typically, firms start without much analysis or planning and begin to export, the simplest form of international activity, and progress to FDI, the most complex. strategic alliances - Answers -which firms partner temporarily to work on projects Nationalization - Answers -government seizure of an entire industry, with or without compensation Internalization Theory - Answers -explains the process by which firms acquire and retain one or more value chain activities "inside" the firm productivity - Answers -the value of the output produced by a unit of labor or capital //////// a key determinant of the nation's long-run standard of living and a basic source of national per-capita income growth finish chapter 6 - Answers - Country Risk (Political Risk) - Answers -as exposure to potential loss or adverse effects on company operations and profitability caused by developments in a country's political and/or legal environments political system - Answers -a set of formal institutions that constitute a government, including legislative bodies, political parties, lobbying groups, and trade unions legal system - Answers -is a system for interpreting and enforcing laws Constituents - Answers -the people and organizations that support the political system and receive government resources embargo - Answers -an official ban on exports to or imports from a particular country, in order to isolate it or punish its government sanction - Answers -type of trade penalty imposed on one or more countries by one or more other countries, taking the form of tariffs, trade barriers, import duties, and import or export quotas. Terrorism - Answers -threat or actual use of force or violence to attain a political goal through fear, coercion, or intimidation chapter 10 North American Free Trade Agreement-NAFTA - Answers -- Consisting of Canada, Mexico, and the US, → It is the most significant economic bloc in the Americas and comparable to the EU in size. MERCOSUR - (the Southern Common Market), - Answers -is the strongest economic bloc in South America Association of Southeast Asian Nations -ASEAN - Answers -1967 goal of maintaining political stability and promoting regional economic and social development among its members