Paper , Order, or Assignment Requirements

Part 2 will test your understanding and mastery of the material’s (e.g. terminologies, concepts, theories, frameworks covered in class)

 Study Questions

• Define the following:
• Foreign direct investment
• Foreign portfolio investment
• Born Global Company
• International Business
• International Entrepreneurship
• International Intrapreneurship
• International Social Entrepreneurship
• Causation
• Effectuation
• Process theory of Internationalization (PTI)
• Theory of International New Ventures
• International Entrepreneurial Orientation
• Future mapping
• Forecasting
• Bird-in-Hand Principle in Effectuation
• Affordable Loss Principle in Effectuation
• Pilot in the Plane Principle in Effectuation
• Lemonade Principle in Effectuation
• Individualism vs Collectivism
• Uncertainty Avoidance
• Masculinity vs Femininity
• Power Distance
• Silent Language of Time
• Silent Language of Space
• Silent Language of Material Things
• Silent Language of Friendship
• Silent Language of Agreements
• High Context Vs Low Context Communication
• Direct vs Indirect Communication
• Follow the leader
• Follow the customer
• Exchange of Threats Thesis
• Operational Flexibility
• Complementary Assets

• Identify and briefly discuss three factors that have contributed to the growth of trade during the last two decades.
• Using a table, do a side by side comparison of The World is Flat (Freidman) vs The World is Spiky (Florida/ Ghemawat). What are the key premises of each of these two perspective? Who do you agree with? Briefly explain your answer.
• Compare and contrast the Process Theory of Internationalization and the Theory of International New Ventures. Highlight two areas where they differ.
• Using the lessons learned from the assigned readings and our discussion, identify three reasons why companies engage in international business.
• Identify and briefly discuss Hofstede’s dimensions of culture. Compare the United States vs (country of your choice) in each of these 4 dimensions.
• Identify 3 Cross-Cultural communication principles to consider when doing business across borders.
• In a short essay, discuss three key negotiation principles that you learned from Erin Meyer in the article, Getting to Si, Ja, Oui, Hai and Dai.
• Compare and contrast two types of opportunities: discovered vs created. Provide an example for each type.
• Identify and discuss key principles of effectuation in identifying international opportunities. What advantages does effectuation provide in opportunity identification in international business?