International business the new realities 3 3 typical

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International Business: The New Realities 3-3
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Typical Positions of Intermediaries and Facilitators in the International Value Chain
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Sample Suppliers of Components for the Chevrolet Malibu
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Dell’s International Value Chain
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Small and Medium-Sized Enterprise (SME) as a Focal Firm A relatively small player in its respective industry, usually defined as firms with 500 or fewer employees. Constitute the great majority of firms worldwide; SMEs usually create the most new jobs. Characterized by limited resources, which often prevents internationalizing via FDI. Instead, SMEs usually internationalize via exporting. There are many more SMEs doing international business today than ever before. International Business: The New Realities 3-7
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The Born Global as a Focal Firm A relatively new breed of SME that undertakes early and substantial internationalization. Usually a niche player, they typically exhibit a high degree of innovativeness, entrepreneurial orientation, and a ‘borderless’ mindset. Usually leverage information and communications technologies to internationalize early and operate effectively in world markets.
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