Global business:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
[Mason, Ohio]
South-Western Cengage Learning
2009
|
| Ausgabe: | Internat. student ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXIV, 573 S. Ill., graph. Darst. |
| ISBN: | 9780324585940 0324585942 |
Internformat
MARC
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| 245 | 1 | 0 | |a Global business |c Mike W. Peng |
| 250 | |a Internat. student ed. | ||
| 264 | 1 | |a [Mason, Ohio] |b South-Western Cengage Learning |c 2009 | |
| 300 | |a XXIV, 573 S. |b Ill., graph. Darst. | ||
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Datensatz im Suchindex
| _version_ | 1804137651338477568 |
|---|---|
| adam_text | BRIEF CONTENTS
Part 1 Laying Foundations
1 Globalizing Business
2 Understanding Politics, Laws, and Economics
3 Emphasizing Cultures, Ethics, and Norms
4 Leveraging Capabilities Globally
Part 2 Acquiring Tools
5 Trading Across Borders
6 Investing Abroad Directly
7 Dealing with Foreign Exchange
8 Global and Regional Integration
Part 3 Strategizing around the Globe
9 Entering Foreign Markets
10 Entrepreneurial Firm
11 Alliances and Acquisitions
12 Managing Competitive Dynamics
13 Strategy and Structure
Part 4 Building Functional Excellence
14 Human Resource Management
15 Marketing and Supply Chain Management
16 Governing the Corporation
17 Corporate Social Responsibility
1
2
28
54
86
111
112
142
170
196
227
228
254
278
308
334
363
364
390
416
442
Integrative Cases
466
CONTENTS
Part 1 Laying Foundations 1
Chapter 1
Globalizing Business 2
International Business and Global Business 4
Why Study Global Business? 7
A Unified Framework 8
One Fundamental Question 9 / First Core Perspec-
tive: An Institution-Based View 10/ Second Core
Perspective: A Resource-Based View 10 /A Consis-
tent Theme 11
What Is Globalization? 11
Three Views of Globalization 12 / The Pendulum
View of Globalization 12 / Semiglobalization 13
Global Business and Globalization
at a Crossroads 14
A Glance of the World Economy 14 /
The Globalization Debate and You 16
Organization of the Book 21
Chapter 2
Understanding Politics, Laws,
and Economics
Formal and Informal Institutions
What Do Institutions Do?
An Institution-based View of Global Business
Two Political Systems
Democracy 34 / Totalitarianism 34/ Political Risk 35
Three Legal Systems
Civil Law, Common Law, and Theocratic Law 36 /
Property Rights 37 / Intellectual Property Rights 38
Three Economic Systems
Debates and Extensions
Drivers of Economic Development: Culture,
Geography, or Institutions? 41 / Speed and
Effectiveness of Institutional Transitions: China
versus Russia 43 / Measures of Political Risk:
Perception versus Objective Measures 44
Management Savvy 46
Chapter 3
Emphasizing Cultures, Ethics, and Norms 54
Where Do Informal Institutions Come From? 56
Culture 57
Definition of Culture 57 / Language 58 / Religion 59
Classifying Cultural Differences 61
The Context Approach 61 / The Cluster Approach 62 /
The Dimension Approach 64 / Culture and Global
Bus/ness 66
Ethics 68
Definition and Impact of Ethics 68 / Managing Ethics
Overseas 69 / Ethics and Corruption 70
Norms and Ethical Challenges 72
Debates and Extensions 73
Economic Development: Western Values versus
Eastern Values 73 / Cultural Change: Convergence
versus Divergence 74 / Opportunism versus
Individualism/Collectivism 75
Management Savvy 77
Chapter 4
Leveraging Capabilities Globally 86
Understanding Resources and Capabilities 89
Analyzing the Value Chain: In-house versus
Outsource 91
oo Analyzing Resources and Capabilities with a VRIO Framework 95
28 31 32 The Question of Value 95 / The Question of Rarity 96 / The Question of Imitability 97 / The Question of Organization 98
33 Debates and Extensions 99
34 Domestic Resources versus Internationa/ (Cross-Border,) Capabilities 99 / Offshoring versus Not Offshoring 100
36 Management Savvy 102
39 Part 2 Acquiring Tools 111
41 Chapter 5 Trading Across Borders 112
Why Do Nations Trade? 114
Theories of International Trade 117
Mercantilism 117 / Absolute Advantage 117
Comparative Advantage 119 / Product Life
Cycle 122 / Strategic Trade 122 / National
Competitive Advantage of Industries 125 /
Evaluating Theories of International Trade 126
Realities of International Trade
Tariff Barriers 128 / Nontariff Barriers (NTBs) 129 /
Economic Arguments against Free Trade 130 /
Political Arguments against Free Trade 132
128
IX
Debates and Extensions 132
Trade Deficit versus Trade Surplus 132 /
Classical Theories versus New Realities 133
Management Savvy 136
Chapter 6
Investing Abroad Directly 142
Understanding the FDI Vocabulary 144
The Key Word Is D 145 / Horizontal and Vertical
FDI 145 / FDI Flow and Stock 146 / MNE versus
non-MNE 146
Why Do Firms Become MNEs By Engaging
in FDI? 148
Ownership Advantages 149
The Benefits of Direct Ownership 149 / FDI versus
Licensing 149
Location Advantages 151
Location, Location, Location 151 /Acquiring and
Neutralizing Location Advantages 152
Internalization Advantages 153
Market Failure 153 / Overcoming Market Failure
through FDI 153
Realities of FDI 155
Political Views on FDI 155 / Benefits and Costs of
FDI to Host Countries 156 / Benefits and Costs of
FDI to Home Countries 158
How MNEs and Host Governments Bargain 158
Debates and Extensions 160
FDI versus Outsourcing 160 / Facilitating versus
Confronting Inbound FDI 161
Management Savvy 162
Chapter 7
Dealing with Foreign Exchange 170
Factors Behind Foreign Exchange Rates 173
Basic Supply and Demand 173 / Relative Price
Differences and Purchasing Power Parity 174 /
Interest Rates and Money Supply 176 / Productivity
and Balance of Payments 176 / Exchange Rate
Policies 178 / Investor Psychology 179
Evolution of the International Monetary System 180
The Gold Standard (1870-1914) 180 / The Bretton
Woods System (1944-1973) 180/The Post-Bretton
Woods System (1973-present) 180/The International
Monetary Fund (IMF) 181
Strategic Responses to Foreign Exchange
Movements
Strategies for Financial Companies 183 / Strategies
for Nonfinancial Companies 185
182
Debates and Extensions 186
Fixed versus Floating Exchange Rates 186 /A Strong
Dollar versus a Weak Dollar 1871 Currency Hedging
versus Not Hedging 188
Management Savvy 190
Chapter 8
Global and Regional Integration 196
Global Economic Integration 199
Political Benefits for Global Economic
Integration 199 / Economic Benefits for Global
Economic Integration 200
General Agreement on Tariffs and Trade:
1948-1994 201
World Trade Organization: 1995-present 201
Trade Dispute Settlement 2021 The Doha Round:
The Doha Development Agenda 203
Five Types of Regional Economic Integration 205
The Pros and Cons for Regional Economic
Integration 205 / Types of Regional Economic
Integration 207
Regional Economic Integration in Europe 208
Origin and Evolution 2081 The EU Today 208 /
The EU s Challenges 212
Regional Economic Integration in the Americas 213
North America: North American Free Trade
Agreement (NAFTA) 213 / South America: Andean
Community, Mercosur, FTAA, and CAFTA 214
Regional Economic Integration in Asia Pacific 216
Australia-New Zealand Closer Economic Relations
Trade Agreement (ANZCERTA or CER) 216/
Association of Southeast Asian Nations (ASEAN) 216 /
Asia-Pacific Economic Cooperation (APEC) 217
Regional Economic Integration in Africa 218
Debates and Extensions 218
Building Blocks versus Stumbling Blocks 218 /
Does the WTO Really Matter? 220
Management Savvy 220
Part 3 Strategizing around
the Globe 227
Chapter 9
Entering Foreign Markets 228
Overcoming Liability of Foreignness 230
Where to Enter? 231
Location-Specific Advantages and Strategic
Goals 231 / Cultural/Institutional Distances and
Foreign Entry Locations 235
When to Enter? 236
How to Enter? 237
Scale of Entry: Commitment and Experience 238 /
Modes of Entry: The First Step on Equity versus
Nonequity Modes 238 / Modes of Entry: The Second
Step on Making Actual Selections 238
Debates and Extensions 243
Liability versus Asset of Foreignness 243 /
Global versus Regional Geographic Diversifi-
cation 243 / Cyberspace versus Conventional Entries 245
Management Savvy 245
Chapter 10
Entrepreneurial Firm 254
Entrepreneurship and Entrepreneurial Firms 256
How Institutions and Resources Affect
Entrepreneurship 257
Institutions and Entrepreneurship 257 / Resources
and Entrepreneurship 258
Growing the Entrepreneurial Firm 260
Growth 260 / Innovation 260 / Financing 261
Internationalizing the Entrepreneurial Firm 263
Transaction Costs and Entrepreneurial
Opportunities 263 / International Strategies for
Entering Foreign Markets 264 / International
Strategies for Staying in Domestic Markets 267
Debates and Extensions 268
Traits versus Institutions 268 / Slow Internationalizes
versus Born Global Start-Ups 2691 Antifailure Bias versus
Entrepreneur-Friendly Bankruptcy Laws 270
Management Savvy 271
Chapter 11
Alliances and Acquisitions 278
Defining Alliances and Acquisitions 280
How Institutions and Resources Affect
Alliances and Acquisitions 282
Institutions, Alliances, and Acquisitions 2821
Resources and Alliances 283 / Resources and
Acquisitions 285
Alliances and Acquisitions 287
Formation of Alliances 288
Stage One: To Cooperate or Not to Cooperate? 288
/ Stage Two: Contract or Equity? 289 / Stage Three:
Specifying the Relationship 290
Evolution of Alliances 291
Combating Opportunism 291 / From Corporate
Marriage to Divorce 291
Performance of Alliances 293
Motives for Acquisitions 294
Performance of Acquisitions 295
Debates and Extensions 297
M As + Alliances 297 / Majority JVs as Control
Mechanisms versus Minority JVs as Real Options 297
Management Savvy 299
Chapter 12
Managing Competitive Dynamics 308
Competition, Cooperation, and Collusion 311
War and Peace 311 / Cooperation and
Collusion 311
Institutions Governing Domestic and
International Competition 315
Formal Institutions Governing Domestic Competition:
A Focus on Antitrust 315 / Formal Institutions
Governing International Competition: A Focus on
Antidumping 316
Resources Influencing Competitive Dynamics 317
Value 317 / Rarity 318/ Imitability 318/
Organization 318 / Resource Similarity 319
Attack, Counterattack, and Signaling 320
Three Main Types of Attack 320 / Attack and
Counterattack 321 / Cooperation and Signaling 322
Local Firms versus Multinational Enterprises 323
Debates and Extensions 325
Competition versus Antidumping 325 / Managers
versus Antitrust Policymakers 325
Management Savvy 326
Chapter 13
Strategy and Structure 334
Multinational Strategies and Structures 336
Pressures for Cost Reductions and Local Respon-
siveness 336 / Four Strategic Choices 337 / Four
Organizational Structures 339 / The Reciprocal
Relationship between Multinational Strategy
and Structure 342
How Institutions and Resources Affect
Multinational Strategy, Structure, and Learning 343
Institution-Based Considerations 343 / Resource-
Based Considerations 346
The Challenge of Managing Learning,
Innovation, and Knowledgement Worldwide 346
Knowledge Management 346 / Knowledge Manage-
ment in Four Types of MNEs 347 / Globalizing
Research and Development 348 / Problems and
Solutions in Knowledge Management 350
XI
Debates and Extensions
Corporate Controls versus Subsidiary Initiatives 351
/ Customer-Focused Dimensions versus Integration,
Responsiveness, and Learning 352
Management Savvy
Part 4 Building Functional
Excellence
Chapter 14
Human Resource Management
Staffing
Ethnocentric, Polycentric, and Geocentric
Approaches to Staffing 367 / The Role of
Expatriates 368 / Expatriate Failure and
Selection 369
Training and Development Needs
Training for Expatriates 370 / Development for
Returning Expatriates (Repatriates) 371 /Training
and Development for Host Country Nationals 372
Compensation and Performance Appraisal
Compensation for Expatriates 373 / Compensation
for Host Country Nationals 374 / Performance
Appraisal 376
Labor Relations
Managing Labor Relations at Home 376 / Managing
Labor Relations Abroad 377
351
353
363
364
366
370
372
376
How Institutions and Resources Affect Human
Resource Management 378
Institutions and Human Resource Management 378 /
Resources and Human Resource Management 381
Debates and Extensions
Best Fit versus Best Practice 381 / Expatriation
versus Inpatriation 382 I Across-the-Board Pay
Cut versus Reduction in Force 382
381
383
Management Savvy
Chapter 15
Marketing and Supply Chain Management 390
Three of the Four Ps in Marketing 392
Product 393 / Price 395 / Promotion 396
From Distribution Channel to Supply Chain
Management 398
The Triple As in Supply Chain Management 399
Agility 399 / Adaptability 399 / Alignment 400
How Institutions and Resources Affect
Marketing and Supply Chain Management
403
Institutions, Marketing, and Supply Chain
Management 403 / Resources, Marketing, and
Supply Chain Management 405
Debates and Extensions 406
Manufacturing versus Services 406 / Market
Orientation versus Relationship Orientation 407
Management Savvy 408
Chapter 16
Governing the Corporation 416
Owners 419
Concentrated versus Diffused Ownership 419 /
Family Ownership 419 / State Ownership 420
Managers 420
Principal-Agent Conflicts 420 / Principal-Principal
Conflicts 421
The Board of Directors 423
Key Features of the Board 423 / The Role of Boards
of Directors 424
Governance Mechanisms as a Package 425
Internal (Voice-Based) Governance Mechan-
isms 425 / External (Exit-Based) Governance
Mechanisms 426 / Internal Mechanisms + External
Mechanisms = Governance Package 427
A Global Perspective on Governance
Mechanisms 427
How Institutions and Resources Affect
Corporate Governance 429
Institutions and Corporate Governance 429 I
Resources and Corporate Governance 431
Debates and Extensions 432
Opportunistic Agents versus Managerial
Stewards 432 / Global Convergence versus
Divergence 432
Management Savvy 434
Chapter 17
Corporate Social Responsibility 442
A Stakeholder View of the Firm 445
A Big Picture Perspective 445 / Primary and
Secondary Stakeholder Groups 448 / A Funda-
mental Debate 448
Institutions and Corporate Social Responsibility 450
Reactive Strategy 451 / Defensive Strategy 452 /
Accommodative Strategy 452 / Proactive Strategy 453
Resources and Corporate Social Responsibility 454
Value 454 / Rarity 455 / (mitability 455 / Organiz-
ation 455 / The CSR-Economic Performance Puzzle 456
XII
Debates and Extensions 456
Domestic versus Overseas Social Responsibility 456 /
Race to the Bottom ( Pollution Haven ) versus Race
to the Top 457 / Active versus Inactive CSR
Engagement Overseas 458
Management Savvy 459
Integrative Cases
1 The Chinese Menu (For Development) 466 /
2 Tips about Corruption around the Pacific 467 /
3 DP World 470 / 4 Private Military Companies: Dogs
of War or Pussycats of Peace? 474 / 5 Soybeans in
China 476 / 6 AGRANA: From a Local Supplier to a
Global Player 479 / 7 DHL Bangladesh 483 /
8 The LG-Nortel Joint Venture 489 / 9 Ocean Park
Confronts Hong Kong Disneyland 492 / 10 Global Know-
ledge Management at Accenture 498 / 11 Competing in the
Chinese Automobile Industry 501/12 Kalashnikov: Swords
into Vodka 507 / 13 Shakira: The Dilemma of Going
Global 509 / 14 Shakti: Unilever Collaborates with Women
Entrepreneurs in Rural India 511 / 15 Computime 517
Glossary
Name Index
Organization Index
Subject Index
Credits
527
539
551
557
573
|
| adam_txt |
BRIEF CONTENTS
Part 1 Laying Foundations
1 Globalizing Business
2 Understanding Politics, Laws, and Economics
3 Emphasizing Cultures, Ethics, and Norms
4 Leveraging Capabilities Globally
Part 2 Acquiring Tools
5 Trading Across Borders
6 Investing Abroad Directly
7 Dealing with Foreign Exchange
8 Global and Regional Integration
Part 3 Strategizing around the Globe
9 Entering Foreign Markets
10 Entrepreneurial Firm
11 Alliances and Acquisitions
12 Managing Competitive Dynamics
13 Strategy and Structure
Part 4 Building Functional Excellence
14 Human Resource Management
15 Marketing and Supply Chain Management
16 Governing the Corporation
17 Corporate Social Responsibility
1
2
28
54
86
111
112
142
170
196
227
228
254
278
308
334
363
364
390
416
442
Integrative Cases
466
CONTENTS
Part 1 Laying Foundations 1
Chapter 1
Globalizing Business 2
International Business and Global Business 4
Why Study Global Business? 7
A Unified Framework 8
One Fundamental Question 9 / First Core Perspec-
tive: An Institution-Based View 10/ Second Core
Perspective: A Resource-Based View 10 /A Consis-
tent Theme 11
What Is Globalization? 11
Three Views of Globalization 12 / The Pendulum
View of Globalization 12 / Semiglobalization 13
Global Business and Globalization
at a Crossroads 14
A Glance of the World Economy 14 /
The Globalization Debate and You 16
Organization of the Book 21
Chapter 2
Understanding Politics, Laws,
and Economics
Formal and Informal Institutions
What Do Institutions Do?
An Institution-based View of Global Business
Two Political Systems
Democracy 34 / Totalitarianism 34/ Political Risk 35
Three Legal Systems
Civil Law, Common Law, and Theocratic Law 36 /
Property Rights 37 / Intellectual Property Rights 38
Three Economic Systems
Debates and Extensions
Drivers of Economic Development: Culture,
Geography, or Institutions? 41 / Speed and
Effectiveness of Institutional Transitions: China
versus Russia 43 / Measures of Political Risk:
Perception versus Objective Measures 44
Management Savvy 46
Chapter 3
Emphasizing Cultures, Ethics, and Norms 54
Where Do Informal Institutions Come From? 56
Culture 57
Definition of Culture 57 / Language 58 / Religion 59
Classifying Cultural Differences 61
The Context Approach 61 / The Cluster Approach 62 /
The Dimension Approach 64 / Culture and Global
Bus/ness 66
Ethics 68
Definition and Impact of Ethics 68 / Managing Ethics
Overseas 69 / Ethics and Corruption 70
Norms and Ethical Challenges 72
Debates and Extensions 73
Economic Development: Western Values versus
Eastern Values 73 / Cultural Change: Convergence
versus Divergence 74 / Opportunism versus
Individualism/Collectivism 75
Management Savvy 77
Chapter 4
Leveraging Capabilities Globally 86
Understanding Resources and Capabilities 89
Analyzing the Value Chain: In-house versus
Outsource 91
oo Analyzing Resources and Capabilities with a VRIO Framework 95
28 31 32 The Question of Value 95 / The Question of Rarity 96 / The Question of Imitability 97 / The Question of Organization 98
33 Debates and Extensions 99
34 Domestic Resources versus Internationa/ (Cross-Border,) Capabilities 99 / Offshoring versus Not Offshoring 100
36 Management Savvy 102
39 Part 2 Acquiring Tools 111
41 Chapter 5 Trading Across Borders 112
Why Do Nations Trade? 114
Theories of International Trade 117
Mercantilism 117 / Absolute Advantage 117
Comparative Advantage 119 / Product Life
Cycle 122 / Strategic Trade 122 / National
Competitive Advantage of Industries 125 /
Evaluating Theories of International Trade 126
Realities of International Trade
Tariff Barriers 128 / Nontariff Barriers (NTBs) 129 /
Economic Arguments against Free Trade 130 /
Political Arguments against Free Trade 132
128
IX
Debates and Extensions 132
Trade Deficit versus Trade Surplus 132 /
Classical Theories versus New Realities 133
Management Savvy 136
Chapter 6
Investing Abroad Directly 142
Understanding the FDI Vocabulary 144
The Key Word Is D 145 / Horizontal and Vertical
FDI 145 / FDI Flow and Stock 146 / MNE versus
non-MNE 146
Why Do Firms Become MNEs By Engaging
in FDI? 148
Ownership Advantages 149
The Benefits of Direct Ownership 149 / FDI versus
Licensing 149
Location Advantages 151
Location, Location, Location 151 /Acquiring and
Neutralizing Location Advantages 152
Internalization Advantages 153
Market Failure 153 / Overcoming Market Failure
through FDI 153
Realities of FDI 155
Political Views on FDI 155 / Benefits and Costs of
FDI to Host Countries 156 / Benefits and Costs of
FDI to Home Countries 158
How MNEs and Host Governments Bargain 158
Debates and Extensions 160
FDI versus Outsourcing 160 / Facilitating versus
Confronting Inbound FDI 161
Management Savvy 162
Chapter 7
Dealing with Foreign Exchange 170
Factors Behind Foreign Exchange Rates 173
Basic Supply and Demand 173 / Relative Price
Differences and Purchasing Power Parity 174 /
Interest Rates and Money Supply 176 / Productivity
and Balance of Payments 176 / Exchange Rate
Policies 178 / Investor Psychology 179
Evolution of the International Monetary System 180
The Gold Standard (1870-1914) 180 / The Bretton
Woods System (1944-1973) 180/The Post-Bretton
Woods System (1973-present) 180/The International
Monetary Fund (IMF) 181
Strategic Responses to Foreign Exchange
Movements
Strategies for Financial Companies 183 / Strategies
for Nonfinancial Companies 185
182
Debates and Extensions 186
Fixed versus Floating Exchange Rates 186 /A Strong
Dollar versus a Weak Dollar 1871 Currency Hedging
versus Not Hedging 188
Management Savvy 190
Chapter 8
Global and Regional Integration 196
Global Economic Integration 199
Political Benefits for Global Economic
Integration 199 / Economic Benefits for Global
Economic Integration 200
General Agreement on Tariffs and Trade:
1948-1994 201
World Trade Organization: 1995-present 201
Trade Dispute Settlement 2021 The Doha Round:
The "Doha Development Agenda" 203
Five Types of Regional Economic Integration 205
The Pros and Cons for Regional Economic
Integration 205 / Types of Regional Economic
Integration 207
Regional Economic Integration in Europe 208
Origin and Evolution 2081 The EU Today 208 /
The EU's Challenges 212
Regional Economic Integration in the Americas 213
North America: North American Free Trade
Agreement (NAFTA) 213 / South America: Andean
Community, Mercosur, FTAA, and CAFTA 214
Regional Economic Integration in Asia Pacific 216
Australia-New Zealand Closer Economic Relations
Trade Agreement (ANZCERTA or CER) 216/
Association of Southeast Asian Nations (ASEAN) 216 /
Asia-Pacific Economic Cooperation (APEC) 217
Regional Economic Integration in Africa 218
Debates and Extensions 218
Building Blocks versus Stumbling Blocks 218 /
Does the WTO Really Matter? 220
Management Savvy 220
Part 3 Strategizing around
the Globe 227
Chapter 9
Entering Foreign Markets 228
Overcoming Liability of Foreignness 230
Where to Enter? 231
Location-Specific Advantages and Strategic
Goals 231 / Cultural/Institutional Distances and
Foreign Entry Locations 235
When to Enter? 236
How to Enter? 237
Scale of Entry: Commitment and Experience 238 /
Modes of Entry: The First Step on Equity versus
Nonequity Modes 238 / Modes of Entry: The Second
Step on Making Actual Selections 238
Debates and Extensions 243
Liability versus Asset of Foreignness 243 /
Global versus Regional Geographic Diversifi-
cation 243 / Cyberspace versus Conventional Entries 245
Management Savvy 245
Chapter 10
Entrepreneurial Firm 254
Entrepreneurship and Entrepreneurial Firms 256
How Institutions and Resources Affect
Entrepreneurship 257
Institutions and Entrepreneurship 257 / Resources
and Entrepreneurship 258
Growing the Entrepreneurial Firm 260
Growth 260 / Innovation 260 / Financing 261
Internationalizing the Entrepreneurial Firm 263
Transaction Costs and Entrepreneurial
Opportunities 263 / International Strategies for
Entering Foreign Markets 264 / International
Strategies for Staying in Domestic Markets 267
Debates and Extensions 268
Traits versus Institutions 268 / Slow Internationalizes
versus Born Global Start-Ups 2691 Antifailure Bias versus
Entrepreneur-Friendly Bankruptcy Laws 270
Management Savvy 271
Chapter 11
Alliances and Acquisitions 278
Defining Alliances and Acquisitions 280
How Institutions and Resources Affect
Alliances and Acquisitions 282
Institutions, Alliances, and Acquisitions 2821
Resources and Alliances 283 / Resources and
Acquisitions 285
Alliances and Acquisitions 287
Formation of Alliances 288
Stage One: To Cooperate or Not to Cooperate? 288
/ Stage Two: Contract or Equity? 289 / Stage Three:
Specifying the Relationship 290
Evolution of Alliances 291
Combating Opportunism 291 / From Corporate
Marriage to Divorce 291
Performance of Alliances 293
Motives for Acquisitions 294
Performance of Acquisitions 295
Debates and Extensions 297
M As + Alliances 297 / Majority JVs as Control
Mechanisms versus Minority JVs as Real Options 297
Management Savvy 299
Chapter 12
Managing Competitive Dynamics 308
Competition, Cooperation, and Collusion 311
War and Peace 311 / Cooperation and
Collusion 311
Institutions Governing Domestic and
International Competition 315
Formal Institutions Governing Domestic Competition:
A Focus on Antitrust 315 / Formal Institutions
Governing International Competition: A Focus on
Antidumping 316
Resources Influencing Competitive Dynamics 317
Value 317 / Rarity 318/ Imitability 318/
Organization 318 / Resource Similarity 319
Attack, Counterattack, and Signaling 320
Three Main Types of Attack 320 / Attack and
Counterattack 321 / Cooperation and Signaling 322
Local Firms versus Multinational Enterprises 323
Debates and Extensions 325
Competition versus Antidumping 325 / Managers
versus Antitrust Policymakers 325
Management Savvy 326
Chapter 13
Strategy and Structure 334
Multinational Strategies and Structures 336
Pressures for Cost Reductions and Local Respon-
siveness 336 / Four Strategic Choices 337 / Four
Organizational Structures 339 / The Reciprocal
Relationship between Multinational Strategy
and Structure 342
How Institutions and Resources Affect
Multinational Strategy, Structure, and Learning 343
Institution-Based Considerations 343 / Resource-
Based Considerations 346
The Challenge of Managing Learning,
Innovation, and Knowledgement Worldwide 346
Knowledge Management 346 / Knowledge Manage-
ment in Four Types of MNEs 347 / Globalizing
Research and Development 348 / Problems and
Solutions in Knowledge Management 350
XI
Debates and Extensions
Corporate Controls versus Subsidiary Initiatives 351
/ Customer-Focused Dimensions versus Integration,
Responsiveness, and Learning 352
Management Savvy
Part 4 Building Functional
Excellence
Chapter 14
Human Resource Management
Staffing
Ethnocentric, Polycentric, and Geocentric
Approaches to Staffing 367 / The Role of
Expatriates 368 / Expatriate Failure and
Selection 369
Training and Development Needs
Training for Expatriates 370 / Development for
Returning Expatriates (Repatriates) 371 /Training
and Development for Host Country Nationals 372
Compensation and Performance Appraisal
Compensation for Expatriates 373 / Compensation
for Host Country Nationals 374 / Performance
Appraisal 376
Labor Relations
Managing Labor Relations at Home 376 / Managing
Labor Relations Abroad 377
351
353
363
364
366
370
372
376
How Institutions and Resources Affect Human
Resource Management 378
Institutions and Human Resource Management 378 /
Resources and Human Resource Management 381
Debates and Extensions
Best Fit versus Best Practice 381 / Expatriation
versus Inpatriation 382 I Across-the-Board Pay
Cut versus Reduction in Force 382
381
383
Management Savvy
Chapter 15
Marketing and Supply Chain Management 390
Three of the Four Ps in Marketing 392
Product 393 / Price 395 / Promotion 396
From Distribution Channel to Supply Chain
Management 398
The Triple As in Supply Chain Management 399
Agility 399 / Adaptability 399 / Alignment 400
How Institutions and Resources Affect
Marketing and Supply Chain Management
403
Institutions, Marketing, and Supply Chain
Management 403 / Resources, Marketing, and
Supply Chain Management 405
Debates and Extensions 406
Manufacturing versus Services 406 / Market
Orientation versus Relationship Orientation 407
Management Savvy 408
Chapter 16
Governing the Corporation 416
Owners 419
Concentrated versus Diffused Ownership 419 /
Family Ownership 419 / State Ownership 420
Managers 420
Principal-Agent Conflicts 420 / Principal-Principal
Conflicts 421
The Board of Directors 423
Key Features of the Board 423 / The Role of Boards
of Directors 424
Governance Mechanisms as a Package 425
Internal (Voice-Based) Governance Mechan-
isms 425 / External (Exit-Based) Governance
Mechanisms 426 / Internal Mechanisms + External
Mechanisms = Governance Package 427
A Global Perspective on Governance
Mechanisms 427
How Institutions and Resources Affect
Corporate Governance 429
Institutions and Corporate Governance 429 I
Resources and Corporate Governance 431
Debates and Extensions 432
Opportunistic Agents versus Managerial
Stewards 432 / Global Convergence versus
Divergence 432
Management Savvy 434
Chapter 17
Corporate Social Responsibility 442
A Stakeholder View of the Firm 445
A Big Picture Perspective 445 / Primary and
Secondary Stakeholder Groups 448 / A Funda-
mental Debate 448
Institutions and Corporate Social Responsibility 450
Reactive Strategy 451 / Defensive Strategy 452 /
Accommodative Strategy 452 / Proactive Strategy 453
Resources and Corporate Social Responsibility 454
Value 454 / Rarity 455 / (mitability 455 / Organiz-
ation 455 / The CSR-Economic Performance Puzzle 456
XII
Debates and Extensions 456
Domestic versus Overseas Social Responsibility 456 /
Race to the Bottom ("Pollution Haven") versus Race
to the Top 457 / Active versus Inactive CSR
Engagement Overseas 458
Management Savvy 459
Integrative Cases
1 The Chinese Menu (For Development) 466 /
2 Tips about Corruption around the Pacific 467 /
3 DP World 470 / 4 Private Military Companies: Dogs
of War or Pussycats of Peace? 474 / 5 Soybeans in
China 476 / 6 AGRANA: From a Local Supplier to a
Global Player 479 / 7 DHL Bangladesh 483 /
8 The LG-Nortel Joint Venture 489 / 9 Ocean Park
Confronts Hong Kong Disneyland 492 / 10 Global Know-
ledge Management at Accenture 498 / 11 Competing in the
Chinese Automobile Industry 501/12 Kalashnikov: Swords
into Vodka 507 / 13 Shakira: The Dilemma of Going
Global 509 / 14 Shakti: Unilever Collaborates with Women
Entrepreneurs in Rural India 511 / 15 Computime 517
Glossary
Name Index
Organization Index
Subject Index
Credits
527
539
551
557
573 |
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| edition | Internat. student ed. |
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| index_date | 2024-07-02T20:51:52Z |
| indexdate | 2024-07-09T21:15:41Z |
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| isbn | 9780324585940 0324585942 |
| language | English |
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| spelling | Peng, Michael W. Verfasser aut Global business Mike W. Peng Internat. student ed. [Mason, Ohio] South-Western Cengage Learning 2009 XXIV, 573 S. Ill., graph. Darst. txt rdacontent n rdamedia nc rdacarrier Internationales Management (DE-588)4114040-0 gnd rswk-swf (DE-588)4123623-3 Lehrbuch gnd-content Internationales Management (DE-588)4114040-0 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016499561&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Peng, Michael W. Global business Internationales Management (DE-588)4114040-0 gnd |
| subject_GND | (DE-588)4114040-0 (DE-588)4123623-3 |
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| title_auth | Global business |
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| title_short | Global business |
| title_sort | global business |
| topic | Internationales Management (DE-588)4114040-0 gnd |
| topic_facet | Internationales Management Lehrbuch |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016499561&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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