what are the three parts to multinational operations
international knowledge mgt
international supply chains mgt
international manufacturing
what is knowledge
the sum of individuals or organisations experiences, ability to handle complexity, judgement, values and beliefs
why is knowledge mgt becoming more important
tech advances
growing share of global wealth
knowledge economy
what are the 4 parts to multinational research
cost of R&D
max benefits
relationship learning
local knowledge
what is meant by cost of R&D in multinational research
- research intensity data
- knowledge as key to international competitiveness
what is meant by max benefits in multinational research
intellectual property rights protection
what is meant by relationship learning in multinational research
disclosure vs confidentiality
what is meant by local knowledge in multinational research
decentralisation of R&D functions
what is meant by the design stage of international knowledge mgt
the stage at which an idea materialises
what are the two types of designs in the design stage
push and pull designs
customisation/standardisation
what is a push design
company thinking the idea and doing it regardless
what is a pull design
how the consumer want it to be presented, what will appeal to them is how its done
what is customisation
involves preferences of consumers
what is standardisation
all markets get the same form
when does supply chain mgt become global
when companies are in a position to purchase and take delivery of raw materials, components and modules anywhere in the world
what is international outsourcing
when a company hires an external provider in another country to perform services or produce goods
give examples of product outsourcing
- branding
- coordination of contracts
- centralised procurement
- single supplier to multi-sourcing
give examples of service outsourcing
- administrative processes (HRM)
- knowledge processes (R&D)
what are the adv to international outsourcing
- cost adv
- tech transfer/spillover
- productive flexibility
what are the disadv to international outsourcing
- dependence = vulnerability w price, raw materials, currency
- multi stakeholder supply chains = reputational damage/misconducts by suppliers
what are the 2 types of international supplier relationships
short term - american style
long term - asain style
what are the short term international supplier relationships
bid renewal/price and quality competition
what are the long term international supplier relationships
collaboration in supply chain - research, design, fdi
supply stability and share - global manufacturing powerhouse
what are industrial models
the various ways in which companies can organise their production activities and how this affects the distribution of power and wealth within society
