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Details

1 - International Business || Chapter 11
1 - International Business || Chapter 11
30
Business
Undergraduate 4
11/05/2018

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Cards

Term
What is a synonymous term to Global Delivery Model?
Definition
Crowdsourcing
Term
Being able to work whenever you want, taking gigs when you choose to do so.
Definition
Gig Economy
Term
What is the strategy of breaking tasks into small parts and distributing to the best talent - max value generated with least risks?
Definition
Global Delivery Model
Term
What kind of people would do well working for InfoSys?
Definition
Individuals who are enthusiastic, passionate about their work, and have good knowledge of the local culture would be suited to work for infoSys.
Term
Do you think, for instance, that you would need a good understanding of international business to do well in InfoSys?
Definition
It is important to have a good understanding of international business as the company operates in numerous countries.

However, this must also be combined with in-depth local knowledge.
Term
What is the recognition of opportunities and the use or creation of resources to implement innovative ideas for new, thoughtfully planned ventures?
Definition
Entrepreneurship
Term
What is a person who engages in entrepreneurship?
Definition
Entrepreneur
Term
What is a person who founds an organization whose focus it to implement innovative solutions to societal problems?
Definition
Social Entrepreneur
Term
What consists of:

1.) Identifying Opportunities

2.) Planning and preparing the venture

3.) Resourcing the venture and taking action
Definition
Entrepreneurial Process
Term
What are levers to opportunity identification?
Definition
Innovations That Create New Markets
Term
What are the following:

Reduce

Create/Add

Eliminate

Kept The Same

Raise
Definition
Levers To Opportunity Identification
Term
What is a technology that can make prior technologies obsolete?
Definition
Disruptive
Term
What is a disruptive technology that appears at the low end of an industry offering and usually does not lure customers away until it improves and becomes better than the incumbent offering?
Definition
Low-End
Term
What is a disruption that targets noncustomers ignored by the competition rather than low-end customers?
Definition
New-Market
Term
What is a combination of Low-End and New-Market Disruption?
Definition
Hybrid Disruption
Term
What is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals?
Definition
Business Plan
Term
What is a financial statement that projects forward (Financial Forecast)?
Definition
Pro Forma
Term
What is exploiting a new business opportunity with limited funds?
Definition
Bootstrapping
Term
What is ownership?
Definition
Equity
Term
What is owing someone?
Definition
Debt
Term
What is an affluent individual who provides capital for a business start up?
Definition
Angel Investor
Term
What is a person or investment firm that makes venture investments and brings managerial and technical expertise as well as capital to their investments?
Definition
Venture Capitalist
Term
What is the propensity to act or decide without customary analysis or sufficient information?
Definition
Bias For Action
Term
What is an annual assessment of the national level of entrepreneurial activity across countries?
Definition
Global Entrepreneurship Monitor
Term
What are Economies that are highly sensitive to world economic cycles, commodity price trends, and exchange rate fluctuations; typical in countries that compete on the basis of unskilled labor and natural resources?
Definition
Factor-Driven
Term
What are Economies that are typical in countries that compete on the basis of production processes and increased product quality?
Definition
Efficiency-Driven
Term
What are Economies that are typical in countries that compete on business sophistication and innovation?
Definition
Innovation-Driven
Term
What is a business organization that, from inception, seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries?
Definition
Born-Global Firm
Term
What is a form of entrepreneurship that takes place in a business that already exists?
Definition
Intrapreneurship
Term
What is a person within an established business who takes direct responsibility for turning an idea into a profitable finished product through assertive risk taking and innovation?
Definition
Intrapreneur
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