Summary: Lecture 2

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  • Key features Uppsala Model

    (A) distance can mean one of two things
    (B) commitments should be increased slowly
    (C) commitments are reversible.
  • Born Global originated by...

    McKinsey in 1993
  • What is the Born Global concept?

    due to increased information, everyone – even the smallest players – has access to information about the export market, and can begin from its inception, without having to build a domestic base. (Information, Contacts, Knowledge, Globalisation)
  • What is a business cluster ?

    A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field (e.g. Silicon Valley). Clusters form because of spillovers or network effects.
  • When is a country attractive?

    Theoretically, a country will be attractive to a foreign investor if, in investing in that country, the investor gets a return that is equal to or higher than their risk-adjusted weighed cost of capital.
  • country attractiveness framework - three major components

    1. country risks
    2. market opportunities
    3. industry opportunities
  • Country risks ( assessing country attractiveness)

    a. political risks
    b. economic risks
    c. competitive risks
    d. operational risks
  • Political risks (country risks)

    i. Shareholder Exposure: asset destruction, spoliation, and immobility
    ii. Employee Exposure: kidnapping, harassment
    iii. Operational Exposure: market disruption, labor unrest
  • Economic risks (country risks)

    i. Economic Growth
    ii. Variability
    iii. Inflation
    iv. Input Costs
    v. Exchange Rates
  • Competitive risks (country risks)

    business logics (cartels, corruption, networks)
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