Theory in international business Robert Grosse* and Jack N. Behrman** International business has existed as a distinct field of study for the past three decades‚ but it does not have a widely accepted explanatory theory on which to base its uniqueness as a discipline. David Ricardo ’s theory of comparative advantage‚ Raymond Vernon ’s product life cycle‚ John Dunning ’s eclectic theory and all others are essentially explanations of business between domestic firms or regions‚ as well as international
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International trade could be define as the exchange of goods and services across the borders‚ it means that contrary to domestic trade‚ it includes the business with others countries and in this way‚ the play a role if they want to grow. Actually‚ the situation is more complex and plenty of theories have shown that international trade is not only conduct by the availability of resources owned by a location but even a country with a small quantity of assets could be competitive on the market. In a
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“The Competitive Advantage of Nations”‚ shows how Michael Porter studied ten developed countries and 100 industries in order to answer questions concerning the national competitive advantage which he found to be inadequately explained by the Heckscher-Ohlin theory and the theory of comparative advantage. (Hill‚ 2009‚ p. 189). These questions include: A. “Why are some nations more successful than others in international competition?” B. “Why does a nation achieve international success in a
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IKEA Case Study Question 1 Investigate IKEA ’s business model and sources of competitive advantage as depicted in the case. Why do you think it has been so sucsessfull in the fragmentated fuurniture industry? What do you concider to be IKEA ’s main weaknesses? To answer question one I will split the question into three parts. Begining by investigating IKEA ’s business model and sources of competitive advantage. Then goin on to adress why it has been so sucsessfull in the fragmented furniture
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resentful of being seen as failures. Cloward and Ohlin were also greatly influenced by Merton and accepted his explanation of deviance in terms of the legitimate oppurtunity structure. However they also explored a parallel‚ the illegitimate oppurtunity structure. They realised that within certain subcultures it was possible to make a career out of crime‚ which allowed criminals to obtain mainstream societies goals. According to Cloward and Ohlin there were three possible categories. Firstly a criminal
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Chapter 1 Q1. What are the differences between international‚ global‚ and multidomestic companies? Multinational company : An organization with multi country affiliates‚ each of which formulates its own business strategy based on perceived market differences. Global company : An organization that attempts to standardize and integrate operations worldwide in all functional areas. International company : Either a global or a multi domestic company Q2. Give examples to show how an international
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When trying to evaluate a theory and deem whether it is a good enough theory that can be applied throughout a vast majority of situations‚ in this case crimes‚ theorists have a specific criteria that they have to meet. When developing a theory‚ theorists must construct their theory so that it can be judged by this certain criteria. This criteria is made out of: 1.) empirical validity‚ 2.) its logical consistency‚ 3.) scope‚ and parsimony‚ 4.) testability as well as 5.) The usefulness and 6.) the
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explanations Robert Merton‚ Richard Cloward‚ and Lloyd Ohlin proposes. To begin‚ the question that inspired Robert Merton‚ Richard Cloward and Lloyd Ohlin was to explore what was the cause and explanation of why delinquents commit delinquent acts. Robert Merton created and dedicated his research on this question that later developed into his theory that he named Anomie Strain theory. Using the framework of Robert Merton‚ Richard Cloward and Lloyd Ohlin created their own theory in response‚ which is now
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KENYATTA UNIVERSITY SCHOOL OF ECONOMICS DEPARTMENT OF APPLIED ECONOMICS EAE 307: INTERNATIONAL ECONOMICS I INSTRUCTOR: P. M. KUUYA SCHOOL OF ECONOMICS DEPARTMENT OF APPLIED ECONOMICS EAE 307: INTERNATIONAL ECONOMICS I LECTURER: P. M. KUUYA TABLE OF CONTENTS 1 LECTURE ONE 6 1.0 INTRODUCTORY LECTURE 6 1.1 Why
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Examine the role of access to opportunity structures in causing crime and deviance. The access to opportunity structure in a society is the distribution of people’s access to occupations‚ education and other ways of supporting their lives and achieving goals. There are many different factors that have to be considered when examining the role of access to opportunity structures in causing crime and deviance. Merton’s (1998) ‘Strain theory and anomie’ argues that deviance arises from the structure
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