Cost Reductions VS Local Responsiveness: The Integrtion-Responsiveness Framework
17 important questions on Cost Reductions VS Local Responsiveness: The Integrtion-Responsiveness Framework
What are the 2 Opposing forces faced by MNEs?
2) Local Responsiveness
Strategic Foundation MNEs: How is Cost Reduction applied by MNEs?
- Managing Global Supply Chains (= access lowest cost-input factors)
What is a Globalisation Hypothesis?
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What is Local Responsiveness?
! Entails higher cost (=sometimes outweighs cost advantages)
Why is Local Responsiveness so costly?
What is The Integration-Responsiveness Framework?
The Integration-Responsiveness Framework: What are the 4 Strategic Positions?
- Multi-domestic Strategy
- Global-Standardization Strategy
- Transnational Strategy
4 Strategic Positions: What is the International Strategy?
! Company sells the same products in both domestic and foreign markets !
! FIRST STEP when conducting a business abroad !
When is the International Strategy used by MNEs?
USED DURING GLOBALIZATION 1.0
4 Strategic Positions: What is the Multi-Domestic Strategy?
When is the Multi-Domestic Strategy used by MNEs?
USED DURING GLOBALIZATION 2.0
What is a downside of the Multi-Domestic Strategy?
- Inefficient (requires the duplication of key business functions across multiple countries)
- Risk of IP appropriation increases
4 Strategic Positions: What is the Global-Standardization Strategy?
When is the Global - Standardization Strategy used by MNEs?
Examples: computer hardware, services (business process outsourcing)
4 Strategic Positions: What is the Transnational Strategy?
When is the Transnational Strategy used by MNEs?
What is the Global Matrix Structure?
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