TAILIEUCHUNG - Lecture Global business today (8/e): Chapter 12 - Charles W.L. Hill

In this chapter, you will learn to explain the concept of strategy. Recognize how firms can profit by expanding globally. Understand how pressures for cost reductions and pressures for local responsiveness influence strategic choice. Identify the different strategies for competing globally and their pros and cons. Explain the pros and cons of using strategic alliances to support global strategies. | Global Business Today 8e © 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part. by Charles . Hill Chapter 12 The Strategy of International Business Introduction Question: What actions can managers take to compete more effectively in a global economy? Managers must consider: The benefits of expanding into foreign markets Which strategies to pursue in foreign markets The value of collaboration with global competitors The advantages of strategic alliances Strategy and the Firm Question: What is strategy? A firm’s strategy can be defined as the actions that managers take to attain the goals of the firm Typically, strategies focus on profitability and profit growth Profitability refers to the rate of return the firm makes on its invested capital Profit growth is the percentage increase in net profits over time Strategy and the Firm To increase profitability, value must be created Value creation is measured by the difference between V (the price that the firm can charge for that product given competitive pressures) and C (the costs of producing that product) The two basic strategies for creating value are: Differentiation Low cost Value creation activities can be categorized as: Primary activities Support activities Strategy and the Firm A firm’s strategy, operations, and organization must all be consistent with each other in order to achieve a competitive advantage and superior profitability Organization architecture refers to the totality of a firm’s organization Formal organizational structure Control systems and incentives Organizational culture, processes, and people Strategy and the Firm Controls - the metrics used to measure the performance of subunits and make judgments about how well the subunits are run Incentives - the devices used to .

• Kinh tế học
• Global business
• Lecture Global business today
• International business
• Global business plan project
• Organizational culture
• Choosing strategy
• Global production
• Global supply chain
• Global marketing
• Market segmentation
• Drivers of globalization
• Foreign direct investment
• Political systems
• Economic systems
• Political economy
• Economic development
• Cross cultural literacy
• Social structure
• Ethical dilemmas
• Unethical behavior
• International trade theory
• Absolute advantage
• International trade
• Theories of FDI
• Costs of FDI
• Regional economic integration
• Common market
• Foreign exchange market
• Exchange rate
• International monetary system
• Gold standard
• Entering foreign markets
• Entry modes
• Export management company
• Export assistance
• Staffing policy
• Human resource management
• Business and society
• Lecture Business and society
• Ethical Issues in the Global Arena
• The Global Arena
• Business Challenges in a Multinational Environment
• The Multinational Environment
• The Global Business Environment