ip. tegy (p. 282) direct investment Knowledge spillover (p. 290) Liability of fo
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ip. tegy (p. 282) direct investment Knowledge spillover (p. 290) Liability of foreignness (p. 276) Local responsiveness (p. 282) Localization strategy (p. 283) Location economies (p. 276) Masculinity-femininity National competitive advantage Foreign (p. 287) National culture (p.278) FDI) (p. 271) lobal-standardization strategy p. 284) Global strategy (p. 272) Globalization (p. 271) Globalization hypothesis (p. 281) Individualism (p. 278) Power-distance dimension (p. 278) Regional cluster (p. 289) Transnational strategy (p. 284) Uncertainty-avoidance dimension (p. 279) dimension (p. 279) Discussion Questions Think about the last movie you saw in a movie theater. What aspects of the movie had inter- national components in it (e.g. the plot line, locations, cast, and so on)? Are there more inter- national elements included than compared to your favorite movie from a decade ago? l. Multinational enterprises (MNEs) have an impact 2. far beyond their firm boundaries. Assume you are working for a small firm that supplies a product or service to an MNE. How might your relationship change as the MNE moves from Globalization 2.0 to Globalization 3.0 operations?Explanation / Answer
Answer 1:
Globalization 2.0 was from 1800 t0 2000. It made companies global and made world shrink to small from medium. Businesses went global, boundaries no longer limit the business processes.
Globalization 3.0 started from 2001 and further shrunk the world from small to tiny. In the age of globalization 3, internet played major role in transforming and bringing this change.
As the world shrinks further, it is important for our small firm to stay updated with new trends of globalization as our client moves from Globalization 2.0 to Globalization 3.0. During globalization 3.0 the firms prefer horizontally distributed supply chain activities over the vertical supply chain.
Our firms relationship can change with MNE that had moved from globalization 2.0 to 3.0. In this scienerio, as the client might demand for updated soft wares, new processes, and system of supply.
Being the supplier of such MNE, it is important for our small firm to concentrate on technological upgradation like implementation of work flow software’s to ensure smooth running of our business.
Answer 2:
Last movie that I saw in theater was Jab Harry Met Sejal. This movie had several international components that included plot line, locations, casts, assets etc. However, there are more international components included in this movie than my favorite movie that was short a decade ago.
As in this era as the world is becoming a global entity, limits like boundaries, technology and concepts are no longer embroidered within certain border lines. Every individual have access to everything.
Answer 3:
I find that the given statement i.e. Licensing patented technology to a foreign competitor is likely to reduce or eliminate firms competitive advantage; is true because by allowing foreign competitors it will result in decreasing the uniqueness of patented product. After the contract expires, foreign competitors can use this patented technology for gaining the market superiors. Foreign competitors also get the assess over discovered technology without implementing any cost in its development. There is also a risk that the original firm ends up in loosing market control.
Answer 4:
Suppose I am a student of California Institute of Technology. The university is based at Pasadena, California, United States. The characteristics relating to location have impact on success factors of university.
The are number of nearby industrial clusters near to California Institute of Technology. One of them is Silicon Valley.
There is easy assess to raw material. There are many local firms that have been benefited by researched done universities. In-fact positive externalities that are produced by university researchers have played important role in helping local firms in improving their processes.
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