MGMT 371_021016 - MGMT 371 How Orgs Go Global Global...

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MGMT 371 How Orgs Go Global Global sourcing- purchasing materials or labor from around the world wherever it is cheapest Exporting - making products domestically and selling them abroad Importing- acquiring products made abroad and selling them domestically Licensing- an organization gives another org the right to make or sell its products using its tech or product specifications (intellectual property) Franchising - an organization gives another the right to use its name and operating methods Strategic Alliance – a partnership between an org and one or more foreign company partners in which both share resources and knowledge in developing new products or building production facilities Joint Venture - a specific type of strategic alliance in which the partners agree to form a separate, independent organization for some business purpose Foreign subsidiary - directly investing in a foreign country by setting up a separate and independent production facility or office
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