study guide 1 -5 chapters
Study guide (1-5)
Chapter 1.
Globalization: The shift toward a more interdependent and integrated global economy.
International business: All cross-border exchanges of goods, services or resources between two or more nations.
Strategic management: The body of knowledge that answers questions about the development and implementation of good strategies; mainly concerned with the determinants of firm performance.
Entrepreneurship: The recognition of opportunities (needs, wants, problems, challenges) and the use or creation of resources to implement innovative ideas for new, thoughtfully planned ventures.
Entrepreneur: A person who engages in entrepreneurship.
Intrapreneurship: A form of entrepreneurship that tales place in a business that is already in existence.
Intrapreneur: A person within an established business who takes direct responsibility for turning an idea into a profitable finished product through assertive risk taking and innovation.
Stakeholder: An individual or organization whose interests may be affected as the result of what another individual or organization does.
Flat - world view: a metaphor for viewing the world as a level playing field in terms of commerce, where all the competitors have an equal opportunity.
Multidomestic view: A metaphor for viewing the world’s markets as being more different than similar, such that the playing field differ in respective markets.
CAGE framework: The analytical framework used to understand country and regional differences along the distance dimensions of culture, administration, geography, and economics.
Ethics: A branch of philosophy that seeks virtue and morality, addressing questions about “right” and “wrong” behaviour for people in a variety of settings; the standards of behaviour that tell how human beings ought to act.
Business ethics: The branch of business that examines various kinds of activities and asks, “Is this business conduct ethically right or wrong?”.
Chapter 2.
Classical
Chapter 1.
Globalization: The shift toward a more interdependent and integrated global economy.
International business: All cross-border exchanges of goods, services or resources between two or more nations.
Strategic management: The body of knowledge that answers questions about the development and implementation of good strategies; mainly concerned with the determinants of firm performance.
Entrepreneurship: The recognition of opportunities (needs, wants, problems, challenges) and the use or creation of resources to implement innovative ideas for new, thoughtfully planned ventures.
Entrepreneur: A person who engages in entrepreneurship.
Intrapreneurship: A form of entrepreneurship that tales place in a business that is already in existence.
Intrapreneur: A person within an established business who takes direct responsibility for turning an idea into a profitable finished product through assertive risk taking and innovation.
Stakeholder: An individual or organization whose interests may be affected as the result of what another individual or organization does.
Flat - world view: a metaphor for viewing the world as a level playing field in terms of commerce, where all the competitors have an equal opportunity.
Multidomestic view: A metaphor for viewing the world’s markets as being more different than similar, such that the playing field differ in respective markets.
CAGE framework: The analytical framework used to understand country and regional differences along the distance dimensions of culture, administration, geography, and economics.
Ethics: A branch of philosophy that seeks virtue and morality, addressing questions about “right” and “wrong” behaviour for people in a variety of settings; the standards of behaviour that tell how human beings ought to act.
Business ethics: The branch of business that examines various kinds of activities and asks, “Is this business conduct ethically right or wrong?”.
Chapter 2.
Classical