| Term | Definition |
|---|
| Strategy | tools for devising how you gain monopoly (real profits) |
| 3 Generic Strategies | Low Cost, Differentiation, Niche |
| Differentiation techniques | High Quality, Perceived High Quality, Technical Leadership, Special Features, Better Service |
| International Perspectiives | International, Multi-domestic, Global, Transnational |
| International Perspective | home- oreiented |
| Multi-Domestic Perspective | Host Oriented |
| Global | World domination Oriented |
| Transnational | Weave together the best of all countries |
| Transnational Strategy | simultaneously exploit location economies, core competencies, and pays attention to regional responsiveness |
| ISP - Step 1 | International Mission |
| ISP - Step 2 | International Environmental Analysis |
| ISP - Step 3 | MNC Organization Analysis |
| ISP- Step 4 | Formulate Objective International Goal |
| ISP - Step 5 | Create Alternative Solutions |
| ISP - Step 6 | Choose Best Solution |
| ISP - Step 7 | Implement Solution |
| ISP - Step 8 | Evaluation and Control |
| Things to Consider when conduction an International Environmental Analysis | Culture, Local Markets, Global Markets, Laws, Finance, Technology, Human Resources, Operations, Major Competitors, Suppliers, Customers, Potential New Market entries, Threats, Opportunities |
| Things to consider when conducting an internal Assessment | Market Understanding, Marketing Capabilities, Production Skills in multinatinal setting, International finance skills, International HR Capabilities, International law capacity, International logistics, Technology adaptability, International Service |
| Avenues in which Coroporations Can gain Opportunities | Host Government policies, Overcoming operational obstacles, Efficiencies of Standardization, Production shifting, Tax minimization, Financial and information arbitrage, Leveraged resources, Unique Markets, Political Control |
| Requirements of International Strategy Implementation | Must consider procedural justice, Localize International Strategy to take into account local market idiosyncrasies, Maximize the subsidiary's contribution to its parent corporation, Plan and manage subsidiary in a manner consistent with company mission, Promote trust and confidence in local management , Align plans, goals, and activities within the subsidiary |
Combine with other sets
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