International Business
International business
Important topics:
Ch 12-The Strategy of International Business * Explain the concept of strategy. * Understand how firms can profit from expanding globally * Understand how pressure for cost reduction and pressures for local responsiveness influence strategic choice * Be familiar with different strategies for competing globally and their pros and cons. * Explain the pros and cons of using strategic alliance to support global strategies
Ch 13-The Organization of International Business * Understand what is meant by organizational architecture. * Be familiar with the different organizational choices that can be made in an international business. * Explain how organization can be matched to strategy to improve the performance of the international business. * Be able to discuss what is required for an international business to change its organization so that it better matches its strategy
Ch 14-Entry Strategy and Strategic Alliances * Explain the three basic differences that firms contemplating foreign expansion must make: which markets to enter, when to enter those markets, and on what scale. * Outline the advantages and disadvantages of the different modes that firms use to enter foreign markets. * Identify the factors that influence a firm’s choice of entry strategy. * Evaluate the pros and cons of acquisitions versus green-field ventures as an entry strategy.
Ch 18-Global Human Resources Management * Articulate the strategies role of human resource management in the international business. * Discuss the pros and cons of different approaches to staffing policy in the international business. * Explain why managers may fail to thrive in foreign postings. * Articulate how management development and training programs can increase the value of human capital in the international business firms. * Explain how and why performance appraisal systems might vary across nations.
Important topics:
Ch 12-The Strategy of International Business * Explain the concept of strategy. * Understand how firms can profit from expanding globally * Understand how pressure for cost reduction and pressures for local responsiveness influence strategic choice * Be familiar with different strategies for competing globally and their pros and cons. * Explain the pros and cons of using strategic alliance to support global strategies
Ch 13-The Organization of International Business * Understand what is meant by organizational architecture. * Be familiar with the different organizational choices that can be made in an international business. * Explain how organization can be matched to strategy to improve the performance of the international business. * Be able to discuss what is required for an international business to change its organization so that it better matches its strategy
Ch 14-Entry Strategy and Strategic Alliances * Explain the three basic differences that firms contemplating foreign expansion must make: which markets to enter, when to enter those markets, and on what scale. * Outline the advantages and disadvantages of the different modes that firms use to enter foreign markets. * Identify the factors that influence a firm’s choice of entry strategy. * Evaluate the pros and cons of acquisitions versus green-field ventures as an entry strategy.
Ch 18-Global Human Resources Management * Articulate the strategies role of human resource management in the international business. * Discuss the pros and cons of different approaches to staffing policy in the international business. * Explain why managers may fail to thrive in foreign postings. * Articulate how management development and training programs can increase the value of human capital in the international business firms. * Explain how and why performance appraisal systems might vary across nations.