Applied Strategy and Organization (WI001111) at TU München

Flashcards and summaries for Applied Strategy and Organization (WI001111) at the TU München

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Study with flashcards and summaries for the course Applied Strategy and Organization (WI001111) at the TU München

Exemplary flashcards for Applied Strategy and Organization (WI001111) at the TU München on StudySmarter:

What is globalization?

Exemplary flashcards for Applied Strategy and Organization (WI001111) at the TU München on StudySmarter:

Enablers of Globalization

Exemplary flashcards for Applied Strategy and Organization (WI001111) at the TU München on StudySmarter:

What does internationalization mean for a company?

Exemplary flashcards for Applied Strategy and Organization (WI001111) at the TU München on StudySmarter:

internationalization - categories: external influence 

Exemplary flashcards for Applied Strategy and Organization (WI001111) at the TU München on StudySmarter:

internationalization - categories - added value 

Exemplary flashcards for Applied Strategy and Organization (WI001111) at the TU München on StudySmarter:

internationalization - categories - finance & HR

Exemplary flashcards for Applied Strategy and Organization (WI001111) at the TU München on StudySmarter:

internationalization - categories - operating systems 

Exemplary flashcards for Applied Strategy and Organization (WI001111) at the TU München on StudySmarter:

When is a company considered to be international? 

Exemplary flashcards for Applied Strategy and Organization (WI001111) at the TU München on StudySmarter:

 goal of a company

Exemplary flashcards for Applied Strategy and Organization (WI001111) at the TU München on StudySmarter:

political conditions that influence the internationalization of a company

Exemplary flashcards for Applied Strategy and Organization (WI001111) at the TU München on StudySmarter:

regulatory frameworks that influence internationalization

Exemplary flashcards for Applied Strategy and Organization (WI001111) at the TU München on StudySmarter:

factors influencing internationalization of a company - higher diversity of variants

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Exemplary flashcards for Applied Strategy and Organization (WI001111) at the TU München on StudySmarter:

Applied Strategy and Organization (WI001111)

What is globalization?

international exchange of goods, services, finances and data across borders 

Applied Strategy and Organization (WI001111)

Enablers of Globalization

-improved transportation

-low barriers to trade (no/low tariffs, standardization)

-modern info and comm tech

-comm platforms (WhatsApp)

-trading platforms (Amazon)

-industrial platforms for horizontal and vertical collabs

Applied Strategy and Organization (WI001111)

What does internationalization mean for a company?

comprises company as a whole

-identification of general economic conditions 

-type of market entry

-internal organization

-core functions

-modern IT systems 

-innovative and new product development 

Applied Strategy and Organization (WI001111)

internationalization - categories: external influence 

laws, institutions, country risk

Applied Strategy and Organization (WI001111)

internationalization - categories - added value 

market potential, customer segmentation, products and prices 

Applied Strategy and Organization (WI001111)

internationalization - categories - finance & HR

culture, management structure, investments 

Applied Strategy and Organization (WI001111)

internationalization - categories - operating systems 

supply chain, operations, sales & marketing 

Applied Strategy and Organization (WI001111)

When is a company considered to be international? 

when its activities abroad are of major importance for securing goals 

Applied Strategy and Organization (WI001111)

 goal of a company

profitable growth

Applied Strategy and Organization (WI001111)

political conditions that influence the internationalization of a company

-stability of the political system

-social peace 

-legal certainty

-institutional barriers to market entry

-frame work conditions for direct investments

Applied Strategy and Organization (WI001111)

regulatory frameworks that influence internationalization

-state economic development 

-environmental legislation

-tax legislation

-protection of intellectual properties 

-data protection rules 

Applied Strategy and Organization (WI001111)

factors influencing internationalization of a company - higher diversity of variants

how many differentiated products the company is able to offer 

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networks and monetary transactions

information management

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