Firstly, they start by gaining experience in their home markets. The Uppsala Model suggest that companies to through several phases towards internationalization. Several theories are developed around these issues. This means, that a country will produce goods for which the relative cost of production is the lowest.Įntry mode theories originate in differences in motivation to internationalize: one can move abroad to escape stagnation in their own country, some may need to do so to keep up with competition, some need to follow their customers which move abroad or others do so out of cost-cutting motivations. A country will export goods for which it has abundant resources, and import goods for which it has scarce resources. Heckscher and Ohlin (1952) suggest that the basis for trade lies in relative scarce (rare, not very available) or abundant (voluminous, over available) resources. In this lecture, several theories for trade and other international activities are discussed.Ībsolute cost advantage, by Adam Smith in 1776, is the idea of operating internationally based on an advantage, where the same amount of resources lead to greater production of a good or service than another one.Ĭomparative advantage, an idea by Ricardo in 1817, refers to specialization in one product, and trading that against another product which is specialized in. Which are influenced by different types of factors:īack to top Lecture 2: Internationalization theory and practice International perspective gives several benefits on: Globalization, and therefore strategic theory evolves from different types of factors: International Strategic Management: a management planning process, which determines the strategies and goals, but in an international setting: how to expand abroad or compete internationally. Finally, it evaluates these goals and strategies to see whether or not they have been successful or need to be replaced by new strategy or goals. Furthermore, it meets all these competitors by setting appropriate goals and strategies. Strategic management: management process to asses a company and its competitors. It’s goal is to utilize core competencies and develop competitive advantages. Strategy a set of commitments and actions, which is fully integrated and coordinated. Lectures will outline and explore the relevant theories and concepts that underpin strategic management, while seminar groups will provide you with the opportunity to develop your strategic thinking skills via the analysis and discussion of business cases and other relevant readings.Back to top Lecture 1: Introductions on international strategic managementĪdditional definitions on some key principals: The module is structured in a way to make effective use of lectures and seminar group sessions. You will develop a sound grasp of classical tools used in strategic analysis and apply them to different contexts and cases acquire an appreciation of the underlying theories on which these tools are based and the academic research from which they have been developed and be required to fully engage with the subject in order to think deeply and rigorously and address the fundamental ideas in strategy research and the challenges of strategic management. The module will review practically relevant ideas and frameworks that facilitate strategy design and formulation and help you appreciate and assess the work of a 'strategist'. This module explores the rich and varied field of strategic management and how strategic analysis, strategy formulation and strategy implementation contribute to organisational performance and success.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |