Global Operations Management at Hochschule Mannheim | Flashcards & Summaries

Lernmaterialien für Global Operations Management an der Hochschule Mannheim

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Describe the goal: Risk reduction (3)
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Diversification of political instabilities 
Diversification of currency fluctuations 
Diversification of global supplier structure
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Definition: Internationalization (Business Context)
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(Microeconomic)

“any border crossing activity of an organization”

might involve only two countries or the whole globe
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Reasons why labor costs are such an important factor for global operations (3)
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Key locations parameter:
- substantial share of total costs of a product 
- high international variations
- driver for the cost of sourced materials 
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Defintion: Globalization 
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“Economic interdependencies of economic actors involving all countries across the globe”

- is enabled by internationalization 
- can be regarded as extensive form of internationalization 
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Describe the goal: Access to resources (3)
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Natural resources (metal ores)
Cheap or talented workforce 
Centers of know-how (silicon valley)
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Name the goals of operations (4)
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-Market growth
-Cost reduction 
-Access to resources 
-Risk reduction
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Drivers for global production networks? (since 1980) (4)
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-Deregulation (trade agreement, NAFTA)
-Reduced transport and transaction costs
-Economies of scale
-Technology allows collaboration across borders
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Why do companies go global? (Economic Dimension)
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Wealth of all nations can be raised if markets are extended and each contributor specializes on what he can do best/cheapest and serves the entire market
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Why do companies go global? (Business Dimension)
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Because the primary goal of a company is to make a profit and if this can be maximized by acting beyond the borders of its originating country then companies have to do it otherwise somebody else will do it.
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Where do companies usually go for cost reduction and why?
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Mainly they go to Eastern Europe or south east Asia because of low wage costs 
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Where do companies typically go for market growth and why?
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North America and Asia to avoid tariffs and more, for example Tesla with its Shanghai Gigafactory
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Describe the goal: Market growth (5)
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TESTE DEIN WISSEN
-reduced transport costs 

-Foreign countries offer major growth potential and new markets

-Trust for locally produced goods (“speak their language”)

-avoidance of state regulations on imports, i.e tariffs 



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  • 16199 Karteikarten
  • 543 Studierende
  • 25 Lernmaterialien

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Q:
Describe the goal: Risk reduction (3)
A:
Diversification of political instabilities 
Diversification of currency fluctuations 
Diversification of global supplier structure
Q:
Definition: Internationalization (Business Context)
A:
(Microeconomic)

“any border crossing activity of an organization”

might involve only two countries or the whole globe
Q:
Reasons why labor costs are such an important factor for global operations (3)
A:
Key locations parameter:
- substantial share of total costs of a product 
- high international variations
- driver for the cost of sourced materials 
Q:
Defintion: Globalization 
A:
“Economic interdependencies of economic actors involving all countries across the globe”

- is enabled by internationalization 
- can be regarded as extensive form of internationalization 
Q:
Describe the goal: Access to resources (3)
A:
Natural resources (metal ores)
Cheap or talented workforce 
Centers of know-how (silicon valley)
Mehr Karteikarten anzeigen
Q:
Name the goals of operations (4)
A:
-Market growth
-Cost reduction 
-Access to resources 
-Risk reduction
Q:
Drivers for global production networks? (since 1980) (4)
A:
-Deregulation (trade agreement, NAFTA)
-Reduced transport and transaction costs
-Economies of scale
-Technology allows collaboration across borders
Q:
Why do companies go global? (Economic Dimension)
A:
Wealth of all nations can be raised if markets are extended and each contributor specializes on what he can do best/cheapest and serves the entire market
Q:
Why do companies go global? (Business Dimension)
A:
Because the primary goal of a company is to make a profit and if this can be maximized by acting beyond the borders of its originating country then companies have to do it otherwise somebody else will do it.
Q:
Where do companies usually go for cost reduction and why?
A:
Mainly they go to Eastern Europe or south east Asia because of low wage costs 
Q:
Where do companies typically go for market growth and why?
A:
North America and Asia to avoid tariffs and more, for example Tesla with its Shanghai Gigafactory
Q:
Describe the goal: Market growth (5)
A:
-reduced transport costs 

-Foreign countries offer major growth potential and new markets

-Trust for locally produced goods (“speak their language”)

-avoidance of state regulations on imports, i.e tariffs 



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