Tacit knowledge is non-codifiable, and its acquisition and transfer require hands-on practice.

Cards Return to Set Details

Term

Integration-responsiveness framework

Definition

–
A framework of MNE management on how to simultaneously deal with two sets of pressures for global integration and local responsiveness.

Term

Definition

– The necessity to be responsive to different customer preferences around the world

Term

Home replication strategy

Definition

– A strategy that emphasizes the replication of home country-based competencies in foreign countries

Term

Localization (multi-domestic) strategy

Definition

–
A strategy that focuses on a number of foreign countries/regions, each of which is regarded as a stand-alone local (domestic) market worthy of significant attention and adaptation

Term

Global standardization strategy

Definition

– A strategy that focuses on development and distribution of standardized products worldwide in order to reap the maximum benefits from low-cost advantages

Term

Definition

–A strategy that endeavors to be cost efficient, locally responsive, and learning driven simultaneously around the world

Term

Definition

– an MNE subsidiary explicitly recognized as a source of important capabilities, with the intention that these capabilities be leveraged by and/or disseminated to other subsidiaries

Term

Worldwide (global) mandate

Definition

– A charter to be responsible for one MNE function throughout the world

Term

Definition

– An organizational structure that is typically set up when firms initially expand abroad, often engaging in a home replication strategy

Term

Geographic area structure

Definition

– An org structure that organizes the MNE according to different geographic areas (countries and regions)

Term

Country or regional manager

Definition

– Manager of a geographic area either a country or a region

Term

Global product division structure

Definition

– An org structure that assigns global responsibilities to each product division

Term

Definition

– An organizational structure often used to alleviate the disadvantages associated with both geographic area and global product division structures, especially for MNEs adopting a transnational strategy

Term

Definition

– the structures, processes, and systems that actively develop, leverage, and transfer knowledge

Term

Definition

– is codifiable and can be written down and transferred with little loss of its richness

Term

Definition

– non-codifiable and its acquisition and transfer require hands-on practicehard to learn and transfer
strategically more important

Term

Definition

A potent form of expertise Based on 1st-hand life experiences
Providing insights drawn from tacit knowledge

Term

Definition

- a team whose members are physically dispersed in multiple locations in the world and operate on a virtual basis

Term

Definition

– the ability to recognize the value of new info, assimilate it, and apply it

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