What is the Yip framework?

What is the Yip framework?

Yip identifies four sets of “industry globalization drivers” that underlie conditions in each industry that create the potential for that industry to become more global and, as a consequence, for the potential viability of a global approach to strategy.

What are the four industrial Globalising drivers?

The four main areas of drivers for globalisation are market, government; cost and competition (see Figure 1). These external drivers affect the main conditions for the potential of globalisation across industries, which are mainly uncontrollable by individual firms.

What are the different types of strategies in international business?

There are three main international strategies available: (1) multidomestic, (2) global, and (3) transnational (Figure 7.23 “International Strategy”).

What are market drivers in Globalisation?

Market Drivers One aspect of globalization is the steady convergence of customer needs. As customers in different parts of the world increasingly demand similar products and services, opportunities for scale arise through the marketing of more or less standardized offerings.

What are the drivers of competitiveness?

What Determines Competitiveness?

• Quality of the Business Environment.
• State of Cluster Development.
• Sophistication of Company Operations & Strategy.

Which is the right sequence of stages of internationalization?

(i) Multinational Company. (ii) Global Company. (iii) Transnational Company. (iv) International Company.

What are the 5 drivers of globalization?

The media and almost every book on globalization and international business speak about different drivers of globalization and they can basically be separated into five different groups:

• Technological drivers.
• Political drivers.
• Market drivers.
• Cost drivers.
• Competitive drivers.

What is the Bartlett & Ghoshal model?

The Bartlett & Ghoshal Model indicates the strategic options for businesses wanting to manage their international operations based on two pressures: local responsiveness & global integration.

What strategies are used as key drivers of competitive advantage?

Here are the key ones:

• Real intellectual property.
• A dynamic product line, rather than a single product.
• Dramatic cost improvement for cause.
• Proven team with inside relationships.
• Lock on the market or customer base.
• Strong focus and differentiation.

What are key drivers of competitive advantage?

Competitive advantages are attributed to a variety of factors including cost structure, branding, the quality of product offerings, the distribution network, intellectual property, and customer service.

What are the 5 stages of internationalization?

5 Stages of international market development

• Stage 2: Export research and planning.
• Stage 3: Initial export sales.
• Stage 4: Expansion of international sales.
• Stage 5: Investment abroad.

What are the four stages of Internationalisation?

Stages in Internationalization

• Direct Exportation.
• Indirect Exportation.
• Foreign Presence.
• Home Manufacture and Foreign Assembly.

What are the four internationalization strategies given by Bartlett & Ghoshal?

Four Types of International Strategy Historically, businesses that sold in more than one country were divided up into four main types: International, Global, Transnational, and Multidomestic. These categories first appeared on the Bartlett & Ghoshal Matrix (1989).

What is the Uppsala model?

The Uppsala model predicts that change in a firm’s internationalization process occurs through (1) intermittent decision processes related to committing/not-committing resources and (2) changes in continuous knowledge development processes through learning, creating, and trust building.