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Fund of MGMT Final Exam
Fundamentals of MNGT Test 1
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Cole Conner
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Cards (5)
Task Environment Groups:
customers
competitors
suppliers
distributors
strategic allies
employee organizations
local communities
financial institutions
government regulators
special-interest groups
General Environment Groups:
Economic
Forces
Technological
Forces
Sociocultural
Forces
Demographic
Forces
Politcal-Legal
Forces
International
forces
Why Companies expand into new markets:
Availability of supplies
New markets
Lower Labor costs
Access to Finance capital
Avoidance of Tariffs and Import Quotas
Hofstede cultural dimensions:
Individualism
/
collectivism
power distance
uncertainty avoidance
masculinity
/
femininity
How do you enter a market (least risky to most risky):
Global Outsourcing
Importing
,
Exporting
, and
countertrading
Licensing
and
franchising
Joint Ventures
Wholly-owned subsidiaries