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