Definitions Flashcards
(20 cards)
Cultual globalisation
Growing interaction between cultures at the same time have differences
Political globalisation
Countries leaders collaborate on a global basis
Globalisation
Process of interaction and integration among people, companies and governments worldwide
Anti-globalisation
A social movement critical of economic globalisation
Global disintegration
Can disintegrate different activities and have them in different countries to leverage globalisation
Global reintegration
Integrated and globalised
Semi-globalisation
World is not 100% integrated and globalised
Global strategy
Strategy of any company from anywhere when they do business beyond their home market
Threat of substitution
Total new, innovative product or service or business model that will totally replace products, services or business models
Strategic group
Group of firms in an industry following the same or similar strategy along the strategic dimensions
Strategic dimensions
Variables that best distinguish the business strategies and competitor positioning of the firms within an industry
Blue ocean strategy
All the industries not in existence today- known as the unknown market space. Higher opportunities. Able to differentiate and be price effective
Red ocean strategy
When competitors try to kill each other and its very hard to stand out. Are all industries known today- known market place
Industry based view
Average firms within one industry - external environment analysis
Resource based view
Individual firms differences within an industry and what allows it to out perform industry average consistently and significantly. Internal environment.
Institution based view
Analysis of country risk
VRIO framework
matrix analysis of the “sticky” nature of resources and capabilities of a firm and the difficulty of their replication elsewhere
Competitive disadvantage
Resource and capability that doesn’t create value
Strategic foresight
Necessary to anticipate future needs and move early to build resources and capabilities for the future
Strategic insight
Vital to deeply understand implications of external and internal changes
