Session 6 Flashcards
(19 cards)
Which processes of internalization exist?
- Uppsala model
- network internalization model
- stages models of internalization
- born global
Which internalization processes exist?
- traditional internalization processes
- accelerated internalization processes
Which internalization strategies exist?
- sprinkler strategy
- waterfall strategy
What are the abilities of internationally inexperienced firms to engage in international business?
- institutional environment of the home country
2. institutional distance between the home and host countries
Which choices of entry modes exist?
- non-equity modes
- equity modes
On what does non-equity modes concentrate?
- export
- contractual agreements
On what does equity modes concentrate?
- equity joint ventures
- wholly owned subsidiary
Which methods of export exist?
- direct export
- indirect export
Which intermediaries exist?
- local sales agents
- distributors
Which international contracts exist?
- (contract) licensing
- franchising
Which two persons are needed for licensing?
licensor and licensee
Which two persons are needed for franchising?
franchisor and franchisee
What are the advantages of a franchisor?
- expansion risk
- cost advantages
What are the disadvantages of a franchisor?
- difficulty in finding quality franchisees
- franchisor does not have tight control over
production and marketing, and thus how their
technology and brand names are used - ability to maintain tight control over
franchises becomes difficult as their number
increases
What are the advantages of a franchisee?
- product acceptance
- management expertise
- capital requirements
- knowledge of the market
- operating and structural controls
What are the disadvantages of a franchisee?
- inability of the franchisor to provide services,
advertising, and location. - franchisor’s failing or being bought out by
another company - competition between franchisees
Which other forms of co-production exist?
- turnkey project
- design and build (DB) contract
- build-operate-transfer (BOT)
- consortium
- subcontracting
How does a process expire to establish a subsidiary abroad?
- natural resource seeking
- market seeking
- efficiency seeking
- innovation seeking
Was sagt Hermann und Datta in ihrem Paper: “ CEO Experiences: Effects on the
Choice of FDI Entry Mode”?
- Untersuchung der Beziehungen zwischen den Erfahrungen der neu gewählten CEOs und ihrer Wahl der ausländischen Direktinvestitionszugangsweisen (FDI)
- CEOs mit weniger festen bevorzugten Erfahrungen und ältere CEOs entschieden sich eher für Joint Ventures als für Greenfield-Investitionen
- CEOs mit durchschnittlicher Erfahrung favorisieren Joint Ventures and Greenfield-Investitionen
- CEOs mit internationaler Erfahrung bevorzugen Greenfield-Investitionen über Akquisitionen über Joint Ventures
