Management > CASE STUDY > MGT 302 Final Exam Study Guide ALL ANSWERS 100% CORRECT SPRING-FALL 2022 GUARANTEE GRADE A+ (All)

MGT 302 Final Exam Study Guide ALL ANSWERS 100% CORRECT SPRING-FALL 2022 GUARANTEE GRADE A+

Document Content and Description Below

1. Tacit Knowledge- Info that is intuitive and difficult to codify in writing. gained from experience/interaction. shared knowledge might be dispersed throughout company 2. Codified Knowledge- Info e... asily captured/shared in the form of text, tables, or diagrams. can't undo. Ex: Product Specifications, Scientific Formula, and Computer Program 3. First Mover Advantages- are the economic and strategic advantages that accrue to early entrants into a market/industry 4. Pioneering Costs- costs that an early entrant has to bear that a later entrant can avoid, such as the time and effort in learning the rules, failure due to ignorance, and the liability of being a foreigner. Costs can arise when the business system in a foreign country is so different from that in a firm’s home market that the enterprise has to devote considerable effort, time, and expense to learning the rules of the game. costs include the costs of business failure if the firm, due to its ignorance of the foreign environment, makes major mistakes. costs also include the costs of promoting and establishing a product offering, including the costs of educating customers. 5. Externalities- knowledge spillovers. that firms can benefit from such externalities by locating close to their source 6. Strategic Commitments- such as rapid large-scale market entry, can have an important influence on the nature of competition in a market. 7. Entry modes: a. Exporting- low risk to test the waters, but also need to consider costs i. Advantage- avoids the cost of establishing manufacturing operations in the host country. Helps a firm achieve experience curve and location economies. Minimize risk and investment. Rapid speed of entry. ii. Disadvantage- if it is cheaper to make somewhere else then exporting a local good isn’t good. High transportation cost especially for bulk. Tariff barriers make exporting hard. To get around these problems you need to se up wholly owned subsidiaries in foreign nations to handle local marketing, sales, and service. Need standard products. Payment concerns. Exchange rate risk iii. Direct- you deal with all phases of the sale and transfer of the product iv. Indirect- hiring someone else for logistics. Increase sales with little effort but you lose the control and personal relationship b. Turnkey Projects- contractor agrees to handle every detail of the project for a foreign client, including the training of operating personnel then “hand over the key.” i. Advantage- can earn great economic return from assets. Less risky than conventional FDI. ii. Disadvantage- firm that enters the deal will have no long-term interest in the foreign country. Firm that enters the project with a foreign enterprise may create a competitor. Also if a firm has technology that it the competitive advantage and gives it away through the project then they lose that competitive advantage to competitors. c. Licensing- the owner of the intellectual property allows another firm to use the legal rights for a specific period of time in exchange for payment. Coke license to apparel companies. i. Advantage- reduce cost and risk of establishing foreign enterprise. Establish physical presence. Overcome trade and investment barriers. Rapid speed of entry. Reduces exposure to political risk ii. Disadvantage- difficult to maintain control over assets and knowledge. Partners can become competitors. Damage to firms reputation. Income dependent on licensee’s performance. Licensee earns the majority of the profit. Monitoring costs. Narrow iii. Cross-licensing agreements- 1. enable firms to hold each other hostage, which reduces the probability that they will behave opportunistically toward each other. 2. a firm might license some valuable intangible property to a foreign partner, but in addition to a royalty payment, the firm might also request that the foreign partner license some of its valuable know-how to the firm d. Franchising- one firm allows another the right to use the entire business systems in exchange for fees, royalties or other compensation. Worldwide. McDonalds i. Advantage- quick, low cost entry in a lot of locations. Reduce costs and risk. Expansion of brand name and mkt reach. Can leverage the franchisees’ local knowledge ii. Disadvantage- can’t assure quality control and operating standards. Can ruin franchisor’s image. Conflict and disputes likely. May create future competitors. iii. Master Franchise Agreements- subsidiary at least partly owned by the firm. Joint venture between McDonalds and a local firm. Each location has a manager e. Strategic Alliance- bring together 2 or more skills. Better off together i. Types: [Show More]

Last updated: 1 year ago

Preview 1 out of 13 pages

Reviews( 0 )

Recommended For You

 *NURSING> CASE STUDY > NURS 6670 FINAL EXAM STUDY GUIDE CHAPTER 1 TO 39 - Mental Health Case Study, Complete Solution guide, Walden University (All)

preview
NURS 6670 FINAL EXAM STUDY GUIDE CHAPTER 1 TO 39 - Mental Health Case Study, Complete Solution guide, Walden University

NURS 6670 Final Exam Study Guide Chapter 1 to 39 Mental Health Case Study Case Study, Mohr: CHAPTER 1, Introduction to Psychiatric–Mental Health Nursing 1. Karen is a 25-year-old white woman who li...

By Expert#1 , Uploaded: Jan 06, 2020

$9.5

 Health Care> CASE STUDY > NR 509 Final Exam Study Guide (A Graded) Latest Questions and Complete Solutions (All)

preview
NR 509 Final Exam Study Guide (A Graded) Latest Questions and Complete Solutions

NR 509 Final Exam Study Guide (A Graded) Latest Questions and Complete SolutionsNR 509 Final Exam Study Guide (A Graded) Latest Questions and Complete SolutionsNR 509 Final Exam Study Guide (A Graded)...

By DOCTOR BEN , Uploaded: May 24, 2022

$14

 Management> CASE STUDY > MGT302 Final Exam Study Guide ALL ANSWERS LATEST SOLUTION SPRING FALL-2022 AID GRADE A+ (All)

preview
MGT302 Final Exam Study Guide ALL ANSWERS LATEST SOLUTION SPRING FALL-2022 AID GRADE A+

Tacit Knowledge – Information that is intuitive and difficult to articulate or codify in writing; Ex. swimming or riding a bike (you would want to show a person v. just tell them if they’ve never done...

By Allan100 , Uploaded: May 23, 2022

$9.5

 Management> CASE STUDY > MGT302 Final Exam Study Guide SOLUTION 100%CORRECT SPRING FALL-2022 AID GRADE A+ (All)

preview
MGT302 Final Exam Study Guide SOLUTION 100%CORRECT SPRING FALL-2022 AID GRADE A+

Tacit Knowledge – Information that is intuitive and difficult to articulate or codify in writing; Ex. swimming or riding a bike (you would want to show a person v. just tell them if they’ve never done...

By Allan100 , Uploaded: May 23, 2022

$9

 *NURSING> CASE STUDY > NR 226- Exam 2 Study Guide ALL ANSWERS 100% CORRECT SPING FALL-2022 SOLUTION GUARANTEED GRADE A+ (All)

preview
NR 226- Exam 2 Study Guide ALL ANSWERS 100% CORRECT SPING FALL-2022 SOLUTION GUARANTEED GRADE A+

Older Adults 1. Principles for promoting older adult learning Make sure they are ready to learn; are they well enough to learn; sit in front of pt so they can watch your lips move & facial expressio...

By Allan100 , Uploaded: Apr 03, 2022

$11.5

 *NURSING> CASE STUDY > NR 226- Exam 3 Study Guide ALL ANSWERS 100% CORRECT SPRING FALL-2022 LATEST SOLUTION GUARANTEED GRADE A+ (All)

preview
NR 226- Exam 3 Study Guide ALL ANSWERS 100% CORRECT SPRING FALL-2022 LATEST SOLUTION GUARANTEED GRADE A+

1. Pain in older adults, adults, children and infants; nursing process Pain in older adults – muscle mass decrease, body fat increases, & percentage body water decreases (means increase concentration...

By Allan100 , Uploaded: Apr 03, 2022

$12.5

 *NURSING> CASE STUDY > NURS 6670 FINAL EXAM STUDY GUIDE CHAPTER 1 TO 39> WALDEN UNIVERSITY (All)

preview
NURS 6670 FINAL EXAM STUDY GUIDE CHAPTER 1 TO 39> WALDEN UNIVERSITY

Mental Health Case Study Case Study, Mohr: CHAPTER 1, Introduction to Psychiatric–Mental Health Nursing In completing the case study, students will be addressing the following learning objectives:...

By Nutmegs , Uploaded: Sep 28, 2021

$15

 *NURSING> CASE STUDY > NR507 Final Exam study guide .docx/ COMPLETE SOLUTION (All)

preview
NR507 Final Exam study guide .docx/ COMPLETE SOLUTION

NR507 Final Exam study guide .docx Genitourinary Disorders: Acute Renal failure: • is reversible • determining prognosis- kidneys respond to diuretic with good output; this indicates that kidn...

By Nicky , Uploaded: Jul 23, 2021

$12.5

 *NURSING> CASE STUDY > NR-602 Final Exam Study Guide latest;Marginalized Women- Chamberlain College (All)

preview
NR-602 Final Exam Study Guide latest;Marginalized Women- Chamberlain College

NR-602 Final Exam Study Guide latest;Marginalized Women- Chamberlain College NR-602 Final Exam Study Guide latest;Marginalized Women- Chamberlain College NR-602 Final Exam Study Guide latest;Margina...

By VERIFIED A+ , Uploaded: Jun 26, 2021

$13

 *NURSING> CASE STUDY > Chamberlain College of Nursing - NURSING MS NR5093P Study Guide Year 2019.NR 509 APEA 3P Final Exam Study Guide – Question with Answers (All)

preview
Chamberlain College of Nursing - NURSING MS NR5093P Study Guide Year 2019.NR 509 APEA 3P Final Exam Study Guide – Question with Answers

NR 509 APEA 3P Final Exam Study Guide – Question with Answers ANA is will be seen in which diseases? pANCA titer with (-) ASCA IgG ACUTE Chest pain Cupping of t he disk ACUTE Chest pain Degree heart b...

By GradeProfessor , Uploaded: Jun 09, 2021

$9

$7.50

Add to cart

Instant download

Can't find what you want? Try our AI powered Search

OR

GET ASSIGNMENT HELP
27
0

Document information


Connected school, study & course



About the document


Uploaded On

May 23, 2022

Number of pages

13

Written in

Seller


seller-icon
Allan100

Member since 3 years

18 Documents Sold


Additional information

This document has been written for:

Uploaded

May 23, 2022

Downloads

 0

Views

 27

Document Keyword Tags

THE BEST STUDY GUIDES

Avoid resits and achieve higher grades with the best study guides, textbook notes, and class notes written by your fellow students

custom preview

Avoid examination resits

Your fellow students know the appropriate material to use to deliver high quality content. With this great service and assistance from fellow students, you can become well prepared and avoid having to resits exams.

custom preview

Get the best grades

Your fellow student knows the best materials to research on and use. This guarantee you the best grades in your examination. Your fellow students use high quality materials, textbooks and notes to ensure high quality

custom preview

Earn from your notes

Get paid by selling your notes and study materials to other students. Earn alot of cash and help other students in study by providing them with appropriate and high quality study materials.

WHAT STUDENTS SAY ABOUT US


What is Browsegrades

In Browsegrades, a student can earn by offering help to other student. Students can help other students with materials by upploading their notes and earn money.

We are here to help

We're available through e-mail, Twitter, Facebook, and live chat.
 FAQ
 Questions? Leave a message!

Follow us on
 Twitter

Copyright © Browsegrades · High quality services·