Borderless world: Consumers can no longer tell from which country they’re buying… think globally.
Four Stages of Globalization: 1) Domestic 2) International 3) Multinational 4) Global
Market entry strategy: An organizational strategy for entering a foreign market.
Global outsourcing: (offshoring) engaging in the international decision of labor so as to obtain the cheapest sources of labor and supplies regardless of country Exporting: (an entry strategy)
Countertrade: The barter of products for other products rather than their sale for currency.
Licensing: An entry strategy in which an organization in one country makes certain resources available to companies in another in order to participate in the production and sales of its products abroad.
Franchising: A form of licensing in which an organization provides its foreign franchisees with a complete package of materials and services.
Direct Investing: An entry strategy in which the organization is involves in managing its production facilities in a foreign country.***
Joint Venture: A variation of direct investment in which an organization shares costs and risks with another firm to build a manufacturing facility, develop ne products, or set up a sales and distribution network. *
Wholly owned foreign affiliate: a foreign subsidiary over which an organization has complete control. *
Greensfield venture: the most risky type of direct investment, whereby a company builds a subsidiary from scratch in a foreign country. *
International mgmt.: The management of business ...