Competitive advantage — national environment?
Depends on resources, industry clusters, demand, and rivalry.
Internationalization — modes?
Trade and direct investment.
Globalization — industry impact?
Expands markets, increases competition, shifts industry leadership.
Globalization — definition?
Process of worldwide business interconnectedness.
Internationalization — expansion method?
Cross-border operations via trade and investment.
MNC — role?
Operates in multiple countries, leveraging international resources.
Comparative advantage — principle?
Produce most efficiently; export; import less efficient goods.
Porter’s Diamond — components?
Factor conditions, related industries, demand, strategy/rivalry.
Global industry types — examples?
Sheltered, trading, multidomestic, global industries.
Impact of internationalization — effects?
Expands markets, increases competition, shifts industry leadership.
Answer 9 questions on Global Strategy and International Business.
1. What is globalization in the context of industry impact?
2. What is the primary role of internationalization modes in global business strategy?
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