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. | |
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Term | Definition – The necessity to be responsive to different customer preferences around the world | |
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Term Home replication strategy | | Definition – A strategy that emphasizes the replication of home country-based competencies in foreign countries | |
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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 | |
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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 | |
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Term | Definition –A strategy that endeavors to be cost efficient, locally responsive, and learning driven simultaneously around the world | |
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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 | |
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Term Worldwide (global) mandate | | Definition – A charter to be responsible for one MNE function throughout the world | |
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Term | Definition – An organizational structure that is typically set up when firms initially expand abroad, often engaging in a home replication strategy | |
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Term Geographic area structure | | Definition – An org structure that organizes the MNE according to different geographic areas (countries and regions) | |
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Term Country or regional manager | | Definition – Manager of a geographic area either a country or a region | |
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Term Global product division structure | | Definition – An org structure that assigns global responsibilities to each product division | |
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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 | |
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Term | Definition – the structures, processes, and systems that actively develop, leverage, and transfer knowledge | |
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Term | Definition – is codifiable and can be written down and transferred with little loss of its richness | |
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Term | Definition – non-codifiable and its acquisition and transfer require hands-on practicehard to learn and transfer strategically more important | |
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Term | Definition A potent form of expertise Based on 1st-hand life experiences Providing insights drawn from tacit knowledge | |
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Term | Definition - a team whose members are physically dispersed in multiple locations in the world and operate on a virtual basis | |
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Term | Definition – the ability to recognize the value of new info, assimilate it, and apply it | |
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