International Business Essay Questions

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1.. Identify the five cultural dimensions identified by Geert Hofstede and describe them indicating their importance in international business. 2.. Compare the advantages and disadvantages of various modes of entering foreign markets. 3.. Why do we have international strategic alliances? What are the forms and their respective advantages and disadvantages? ---------------- 4.. Consider a firm facing a make-or-buy decision, Provide 2 potential benefits and 2 risks that the firm may face from outsourcing. Similarly, provide 2 potential advantages and 2 disadvantages of in-house production. 5.. Explain the Gini Index (or Coefficient) and discuss how it is calculated and used. 6.. When presented with a scenario, indicate how one might…show more content…
Time Orientation long-term (Japan, taiwan, South Korea) vs short-term (US and Germany are intermediates) 3.. Why do we have international strategic alliances? What are the forms and their respective advantages and disadvantages? If you've reached a point that you feel you've gotten about as far as you can on your own in charting your export strategy, it's a good time to consider joining forces with another company of similar size and market presence that is located in a foreign country where you are already doing business, or would like to. First, it's important to understand exactly how a global strategic alliance works, and what it can and cannot do for you. A Global Strategic Alliance Is Not an Acquisition A global strategic alliance is usually established when a company wishes to edge into a related business or new geographic market -- particularly one where the government prohibits imports in order to protect domestic industry. Typically, alliances are formed between two or more corporations, each based in their home country, for a specified period of time. Their purpose is to share in ownership of a

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