Global Business Context Peters an der Fachhochschule Der Wirtschaft | Karteikarten & Zusammenfassungen

Lernmaterialien für Global Business Context Peters an der Fachhochschule der Wirtschaft

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(World Development Problems): Problems of the poor

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•Clean water

•Adequate nutrition

•Basic health care, and so on

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Which level of integration should be named in order to describe the European Union??

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Political Union

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How can the term Socio-Cultural Environment be understood?

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•Culture is a society’s (group’s) system of shared, learned values and norms; as a whole, these values and norms are the society’s (group’s) design for living

–Values:  abstract ideas about the good, the right, the desirable 

–Norms:  social rules and guidelines; determine appropriate behavior in specific situations

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Second World:

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–USSR and Eastern Europe (concept is obsolete with demise of USSR)

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What is a Legal System?

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–rules - laws - that regulate behavior

–processes through which 

•laws are enforced

•grievances/disputes are redressed

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Which of these statements fits the term totalitarianism?

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–Government is by the people, exercised either directly or through elected representatives (representative democracy)

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Adam Smith‘s Theory of Absolute Adavantage

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Countries specialize on producing those products they can produce most efficiently, based on their specific factor conditions 


Government does not protect domestic industries for example through subsidies and/or by regulating exports or imports

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Which additional Variables are affecting Porters Diamond

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Chance

  • Major innovations
  • Natural catastrophes
  • Other unpredictable/unforeseen events (Collapse of the Soviet Union, 9/11 etc.)‏

Government Policies

  • Regulations affecting home demand conditions (subsidies etc.)‏
  • Industrial policies and relations (organised labor etc.) and government investment in business (e.g. VW)‏
  • Government investments in factor endowments
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Name the 4 components and the two additional variables of Porter’s ‘Diamond’ 

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Components:

  • Firm strategy, structure, and rivalry 
  • Demand conditions 
  • Related and supporting industries 
  • Factor endowment
Variables:
  • Chance
  • Government Policies


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Name the aspects of Factor Endowments(Porters Diamond)

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  • Basic Factors
    1. Natural Resources
    2. Climate
    3. Location
    4. Demographics, etc.
  • Advanced Factors (result of individual, corporate, and government investments)‏
    1. Infrastructure (transport, communication, etc.)‏
    2. Skilled labor
    3. Research facilities
    4. Know-how in technology etc.
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TESTE DEIN WISSEN

Protectionist Logic

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TESTE DEIN WISSEN

Countries increase their wealth by achieving and maintaining a trade surplus (a positive trade balance) when they export more than they   import


Government does protect domestic industries for example through subsidies and/or by regulating exports or imports

Lösung ausblenden
TESTE DEIN WISSEN

(World Development Problems): Environmental Constraints

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TESTE DEIN WISSEN

–Wasteful consumer culture in developed world

–Environmental challenges in LDCs

–Sustainability

–Distribution

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Beispielhafte Karteikarten für deinen Global Business Context Peters Kurs an der Fachhochschule der Wirtschaft - von Kommilitonen auf StudySmarter erstellt!

Q:

(World Development Problems): Problems of the poor

A:

•Clean water

•Adequate nutrition

•Basic health care, and so on

Q:

Which level of integration should be named in order to describe the European Union??

A:

Political Union

Q:

How can the term Socio-Cultural Environment be understood?

A:

•Culture is a society’s (group’s) system of shared, learned values and norms; as a whole, these values and norms are the society’s (group’s) design for living

–Values:  abstract ideas about the good, the right, the desirable 

–Norms:  social rules and guidelines; determine appropriate behavior in specific situations

Q:

Second World:

A:

–USSR and Eastern Europe (concept is obsolete with demise of USSR)

Q:

What is a Legal System?

A:

–rules - laws - that regulate behavior

–processes through which 

•laws are enforced

•grievances/disputes are redressed

Mehr Karteikarten anzeigen
Q:

Which of these statements fits the term totalitarianism?

A:

–Government is by the people, exercised either directly or through elected representatives (representative democracy)

Q:

Adam Smith‘s Theory of Absolute Adavantage

A:

Countries specialize on producing those products they can produce most efficiently, based on their specific factor conditions 


Government does not protect domestic industries for example through subsidies and/or by regulating exports or imports

Q:

Which additional Variables are affecting Porters Diamond

A:

Chance

  • Major innovations
  • Natural catastrophes
  • Other unpredictable/unforeseen events (Collapse of the Soviet Union, 9/11 etc.)‏

Government Policies

  • Regulations affecting home demand conditions (subsidies etc.)‏
  • Industrial policies and relations (organised labor etc.) and government investment in business (e.g. VW)‏
  • Government investments in factor endowments
Q:

Name the 4 components and the two additional variables of Porter’s ‘Diamond’ 

A:

Components:

  • Firm strategy, structure, and rivalry 
  • Demand conditions 
  • Related and supporting industries 
  • Factor endowment
Variables:
  • Chance
  • Government Policies


Q:

Name the aspects of Factor Endowments(Porters Diamond)

A:
  • Basic Factors
    1. Natural Resources
    2. Climate
    3. Location
    4. Demographics, etc.
  • Advanced Factors (result of individual, corporate, and government investments)‏
    1. Infrastructure (transport, communication, etc.)‏
    2. Skilled labor
    3. Research facilities
    4. Know-how in technology etc.
Q:

Protectionist Logic

A:

Countries increase their wealth by achieving and maintaining a trade surplus (a positive trade balance) when they export more than they   import


Government does protect domestic industries for example through subsidies and/or by regulating exports or imports

Q:

(World Development Problems): Environmental Constraints

A:

–Wasteful consumer culture in developed world

–Environmental challenges in LDCs

–Sustainability

–Distribution

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