Regional Economic Integration
Efforts to reduce trade and investment barriers within one region
Global Economic Integration
Efforts to reduce trade and investment barriers around the globe
General Agreements on Tariffs and Trade (GATT)
Mahindra & Mahindra Ltd. (M&M) is the largest tractor manufacturing company in India who
aims to grow and emerge as one of the global leaders in the farm equipment sector. Jiangling
Tractor Company (JTC) is a part of the Jiangling Motor Company Group (JMC
Chapter 4-Leveraging Resources and Capabilities
Strengths and Weaknesses internal assessment of organization leading to MGMT decisions.
Opportunities and Threats external assessment of the business environment to ide
Chapter 3: Cultures, Ethics and Norms
WHERE DO INFORMAL INSTITUTIONS COME FROM?
Socially transmitted information, part of the heritage we call cultures, ethics, and norms.
Culture: The collective programming of the mind which dist
Chapter 2 Politics Law and Economics
FREE MARKETS VS CENTRALIZATION
Free Markets Pros
Most economic value created
Price guides distribution (goods and services to the highest bidder)
Price is a cheap coordination mechanism (no transa
Intro to International Mgmt
Session 1: Foundations
International Business(IB): A business or firm that engages in international economic activities
or the action of doing business abroad.
Multinational Enterprise(MNE): A firm that engages in foreign direc
MGT 3650 Y, Spring 2016
Dr Ryan Parks
Office Hour: Thursdays 9pm
1. Introduction to the course
Materials, topics, assignments, expectations
Macro Environmental Trends
Understanding the Future: Macro
External Environment: Formal Insitutions
Permanence is the illusion of
IRAQ IS A HARD PLACE
Visitors hoping to see WesternZagros Resources and Talisman Energy in action in Iraq can expect a
barrage of security warnings. Starting in Calgary, they will be informed that Iraq is the most dangerous
country on earth. Then they wil
Why Smart People Struggle with Strategy
Strategy is often seen as something really smart people do those head-of-the-class folks with top-notch
academic credentials. But just because these are the folks attracted to strategy doesnt mean they will
PepsiCo (PEP) has a well-established global network and a high profile in emerging markets
within the food and beverage industry. They rank second in the market for soft drinks, which
consist of carbonated and non-carbonated beverages s
Chapter 12: Managing competitive dynamics
Competitive dynamics: Actions and responses undertaken by competing firms.
Competitor analysis: the process of anticipating rivals actions in order to both revise a
firms plan and prepare to deal with rivals respo
Voluntary agreements of cooperation between firms
Contractual (non-equity based) alliance
An association between firms that is based on a contract and does not involve the sharing of
An MNE management framework for simultaneously dealing with the pressures for both global
integration and local responsiveness
The need to be responsive to different customer preferences
Understanding resources and capabilities:
Resource based view: a leading perspective in global business that posits that firm
performance is fundamentally driven by differences in firm-specific resources and
One leading tool in global busine
H5: Trading across borders: Why do nations trade?
International trade consists of exporting and importing.
Some important definitions:
Exporting: selling abroad
Importing: buying from abroad
Merchandise: tangible products being traded
H7: Dealing with foreign exchange
IMF: international monetary fund: an international organization that was established to promote
international monetary cooperation, exchange stability and orderly exchange arrangements.
Foreign exchange rate: the price of
Chapter 6: Investing abroad directly
FPI: investment in a portfolio of foreign securities such as stocks and bonds.
Management control rights: The rights to appoint key managers and establish control mechanisms
International investment takes place in two
Regional economic integration: efforts to reduce trade and investment barriers within one region
Global economic integration: efforts to reduce trade and investment barriers around the globe
Benefits: global economic integration raises incomes, gener
H10: Entrepreneurial firms
Small and medium sized enterprises(SMEs): firms with fewer than 500 employees in the United State
and with fewer than 250 in the European union.
Entrepreneurship and entrepreneurial firms
Although entrepreneurship is often assoc
Chapter 11: alliances and acquisitions
Strategic alliance: a voluntary agreement between firms involving exchange, sharing, or Co-developing
of products, technologies, or services
Contractual (non equity based) alliances: alliances between firms that are
(macro or general)
What is the external context?
Why is it important?
Identify two categories of institutions.
What is the purpose of institutions?
Identify the two core propo