Core concepts - Foundations of international strategy
5 important questions on Core concepts - Foundations of international strategy
What is complementary resources of external actors?
What is liability of Foreignness (LoF)
- Geographic
- Linguistic
- Economic
- Political
- Educational
- Institutional
- Cultural
What is bounded reliability?
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What is the advantage of a foreign firm?
- Cultural attractiveness (US fastfood, french wine, italian styling)
- The possibility of arbitraging between different regimes (cost of input, taxes, environmental and labor standards)
What are the four types of non-transferable/ location bounded FSAs?
- Stand-alone / ommobile resource linked to location advantages
- Local marketing knowledge and reputational resources
- Local best practices
- Domestic recombination capability
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