IKK60 at AKAD Hochschule Stuttgart | Flashcards & Summaries

Lernmaterialien für IKK60 an der AKAD Hochschule Stuttgart

Greife auf kostenlose Karteikarten, Zusammenfassungen, Übungsaufgaben und Altklausuren für deinen IKK60 Kurs an der AKAD Hochschule Stuttgart zu.

TESTE DEIN WISSEN


Why is the economic activity becoming increasingly globalized?



Lösung anzeigen
TESTE DEIN WISSEN

Corporate trade is taking place global or at least cross-boarder, because a lot of companys uses the division of labour to gain a competitive advantage. Because of that reason it is absolutely necessary for decision makers to orient themselves to international standards.

Lösung ausblenden
TESTE DEIN WISSEN

Name the courses of action that should be observed in formulating an international strategy

Lösung anzeigen
TESTE DEIN WISSEN

According to Kutschker and Schmid, a distinction can be made between five international

corporate strategies:

– target market strategy,

– market entry and market processing strategy,

– timing strategy,

– allocation strategy and

– coordination strategy

Lösung ausblenden
TESTE DEIN WISSEN

What where/are the reasons for a strong protectionist Policy?

Lösung anzeigen
TESTE DEIN WISSEN

Protectionist policies were generally most attractive when the country's economy was in crisis. In the history of international economic relations, this reached its first peak during the "Great Depression". The introduction of excessive foreign trade protectionist restrictions not only caused the volume of foreign trade to stagnate between 1929 and 1937, but also caused it to decline by 0.4 percent per year.

Lösung ausblenden
TESTE DEIN WISSEN

Whats the critic of the market based and the resource based view?

Lösung anzeigen
TESTE DEIN WISSEN

Market based: The company just reacts to the market. Innovation is difficult. Also the strenght and weeknesses are beeing ignored.

On the other hand, the resource based view just take care of the company. In a dynamic world, companys have tgo change and you don't look at market risks and could loose mony through misinvestion.

Lösung ausblenden
TESTE DEIN WISSEN

What are resons for the development of the international economic?/ Why is internationaization easier than before?

Lösung anzeigen
TESTE DEIN WISSEN

    - Lower level of communication

    - Lower level of transport costs

     - the transformation processes in the once centrally controlled national economies

    - general liberalisation of foreign political actions

        ○ is expressed in:

        ○ the set up of international institutions and organizations dedicated to this foreign political principle and its worldwide implementation

        

        ○ the creation of national economic trading areas in which this philosophy of free trade is regionally implemented.


Lösung ausblenden
TESTE DEIN WISSEN

Give some information about the BRIC countries.

Lösung anzeigen
TESTE DEIN WISSEN

Indicator of the health of the emerging markets in general.

Growing middle class that attracts many investments. A spiral is consequently expected in the long term.

Lösung ausblenden
TESTE DEIN WISSEN

Describe the extent to which national differences can be viewed as sources of competitive advantage for internationally active business organizations.

Lösung anzeigen
TESTE DEIN WISSEN

Depending on the strategic objectives, national differences can provide competitive

advantage in three respects:

1. efficiency orientation, i.e. profiting from cost differences,

2. multinational flexibility, i.e. managing different risks causing market or policyrelated

changes in the comparative advantages between the countries, and

3. innovation, i.e. learning from societal differences in organizational and managementrelated

systems and processes (e.g. by transferring quality management concepts in

the automobile industry which could be observed years ago in business between

Japan and Europe).

Lösung ausblenden
TESTE DEIN WISSEN

What exactly is to be understood by a regiocentric organization?

Lösung anzeigen
TESTE DEIN WISSEN

Acceptance of differences between the country groups

Low communicaiton with the ´PC but high with AC's of the country

Lösung ausblenden
TESTE DEIN WISSEN

What happens in a long term view with the protectionist policy?

Lösung anzeigen
TESTE DEIN WISSEN

In the long run, a strict implementation of this foreign policy model will lead to declining national competitiveness and a reduction in national welfare.
Lack of competition leads to lower productivity.

Lösung ausblenden
TESTE DEIN WISSEN

What has changed since the beginning of the global trade in the economic structure?

Lösung anzeigen
TESTE DEIN WISSEN

The international economic relations of today and the future are polycentric in structure. The former bipolar or tripolar structure of world trade can no longer be clearly defined ("bipolar world economy" = 19th century - Europe and North America "tripolar world economy" = since the 1990s North America - Europe - East Asia.

Polycentric orientation = high degree of autonomy of the subsidiaries and an adaptation of the personnel and social level of the company management to local conditions.

Assumption: Only the management in the foreign companies can correctly recognize and understand the specifics of foreign business.

The emerging markets Brazil, Russia, India, China and South Africa could play an important role in this respect. A strong middle class has developed and/or is expected to develop in these countries. 

Possible market potential --> Current impact on world trade by shifting business activities to these countries.


Lösung ausblenden
TESTE DEIN WISSEN
Name the BRICS countries
Lösung anzeigen
TESTE DEIN WISSEN

(Brazil, Russia, India, China, South Africa

Lösung ausblenden
TESTE DEIN WISSEN

Explain the courses of action that should be observed in formulating an international strategy


Lösung anzeigen
TESTE DEIN WISSEN

Targeted market strategy centers on the problem of the selection of national markets

and/or market segments that are of interest and advantage for cultivation by the business

organization.

Market entry and market cultivation strategy concentrates on the selection of a suitable

organizational form. Some typical alternatives for this decision are export, cooperative

forms or fully-controlled affiliated companies.

Timing strategy looks at two interdependent aspects of the time-related form of internationalization.

The one is the decision whether different countries and/or market segments

should be developed simultaneously or in succession. The other refers to whether

this particular market entry should take place in the role of the “pioneer”, i.e. the leader,

or the “follower”.

Allocation strategy which has as its focal point considerations on international configuration

and performance strategies. The first, configuration, looks at the volume of centralization

or decentralization of net production value activities, whereas the second,

performance, looks at whether the market processing logic should follow a standardized

or differentiated logic, and at its extent.

Finally, the category coordination strategy, concentrates on considerations related to the

international associated companies. Here it is about the mechanisms and measures that

need to be developed, so that an optimal balance between internal efficiency and external

competitiveness is achieved.

Lösung ausblenden
  • 73592 Karteikarten
  • 707 Studierende
  • 71 Lernmaterialien

Beispielhafte Karteikarten für deinen IKK60 Kurs an der AKAD Hochschule Stuttgart - von Kommilitonen auf StudySmarter erstellt!

Q:


Why is the economic activity becoming increasingly globalized?



A:

Corporate trade is taking place global or at least cross-boarder, because a lot of companys uses the division of labour to gain a competitive advantage. Because of that reason it is absolutely necessary for decision makers to orient themselves to international standards.

Q:

Name the courses of action that should be observed in formulating an international strategy

A:

According to Kutschker and Schmid, a distinction can be made between five international

corporate strategies:

– target market strategy,

– market entry and market processing strategy,

– timing strategy,

– allocation strategy and

– coordination strategy

Q:

What where/are the reasons for a strong protectionist Policy?

A:

Protectionist policies were generally most attractive when the country's economy was in crisis. In the history of international economic relations, this reached its first peak during the "Great Depression". The introduction of excessive foreign trade protectionist restrictions not only caused the volume of foreign trade to stagnate between 1929 and 1937, but also caused it to decline by 0.4 percent per year.

Q:

Whats the critic of the market based and the resource based view?

A:

Market based: The company just reacts to the market. Innovation is difficult. Also the strenght and weeknesses are beeing ignored.

On the other hand, the resource based view just take care of the company. In a dynamic world, companys have tgo change and you don't look at market risks and could loose mony through misinvestion.

Q:

What are resons for the development of the international economic?/ Why is internationaization easier than before?

A:

    - Lower level of communication

    - Lower level of transport costs

     - the transformation processes in the once centrally controlled national economies

    - general liberalisation of foreign political actions

        ○ is expressed in:

        ○ the set up of international institutions and organizations dedicated to this foreign political principle and its worldwide implementation

        

        ○ the creation of national economic trading areas in which this philosophy of free trade is regionally implemented.


Mehr Karteikarten anzeigen
Q:

Give some information about the BRIC countries.

A:

Indicator of the health of the emerging markets in general.

Growing middle class that attracts many investments. A spiral is consequently expected in the long term.

Q:

Describe the extent to which national differences can be viewed as sources of competitive advantage for internationally active business organizations.

A:

Depending on the strategic objectives, national differences can provide competitive

advantage in three respects:

1. efficiency orientation, i.e. profiting from cost differences,

2. multinational flexibility, i.e. managing different risks causing market or policyrelated

changes in the comparative advantages between the countries, and

3. innovation, i.e. learning from societal differences in organizational and managementrelated

systems and processes (e.g. by transferring quality management concepts in

the automobile industry which could be observed years ago in business between

Japan and Europe).

Q:

What exactly is to be understood by a regiocentric organization?

A:

Acceptance of differences between the country groups

Low communicaiton with the ´PC but high with AC's of the country

Q:

What happens in a long term view with the protectionist policy?

A:

In the long run, a strict implementation of this foreign policy model will lead to declining national competitiveness and a reduction in national welfare.
Lack of competition leads to lower productivity.

Q:

What has changed since the beginning of the global trade in the economic structure?

A:

The international economic relations of today and the future are polycentric in structure. The former bipolar or tripolar structure of world trade can no longer be clearly defined ("bipolar world economy" = 19th century - Europe and North America "tripolar world economy" = since the 1990s North America - Europe - East Asia.

Polycentric orientation = high degree of autonomy of the subsidiaries and an adaptation of the personnel and social level of the company management to local conditions.

Assumption: Only the management in the foreign companies can correctly recognize and understand the specifics of foreign business.

The emerging markets Brazil, Russia, India, China and South Africa could play an important role in this respect. A strong middle class has developed and/or is expected to develop in these countries. 

Possible market potential --> Current impact on world trade by shifting business activities to these countries.


Q:
Name the BRICS countries
A:

(Brazil, Russia, India, China, South Africa

Q:

Explain the courses of action that should be observed in formulating an international strategy


A:

Targeted market strategy centers on the problem of the selection of national markets

and/or market segments that are of interest and advantage for cultivation by the business

organization.

Market entry and market cultivation strategy concentrates on the selection of a suitable

organizational form. Some typical alternatives for this decision are export, cooperative

forms or fully-controlled affiliated companies.

Timing strategy looks at two interdependent aspects of the time-related form of internationalization.

The one is the decision whether different countries and/or market segments

should be developed simultaneously or in succession. The other refers to whether

this particular market entry should take place in the role of the “pioneer”, i.e. the leader,

or the “follower”.

Allocation strategy which has as its focal point considerations on international configuration

and performance strategies. The first, configuration, looks at the volume of centralization

or decentralization of net production value activities, whereas the second,

performance, looks at whether the market processing logic should follow a standardized

or differentiated logic, and at its extent.

Finally, the category coordination strategy, concentrates on considerations related to the

international associated companies. Here it is about the mechanisms and measures that

need to be developed, so that an optimal balance between internal efficiency and external

competitiveness is achieved.

IKK60

Erstelle und finde Lernmaterialien auf StudySmarter.

Greife kostenlos auf tausende geteilte Karteikarten, Zusammenfassungen, Altklausuren und mehr zu.

Jetzt loslegen

Die all-in-one Lernapp für Studierende

Greife auf Millionen geteilter Lernmaterialien der StudySmarter Community zu
Kostenlos anmelden IKK60
Erstelle Karteikarten und Zusammenfassungen mit den StudySmarter Tools
Kostenlos loslegen IKK60