Dynamics of International Business

These flashcards cover key vocabulary terms and concepts from the lecture notes on international business dynamics, focusing on market analysis, regulatory environments, and strategic planning.

Market Potential

The basic demand for a product in a market, which includes factors like sales and growth rates.

Site Potential

Access to essential resources like materials, labor, and financing needed for business operations.

National Business Environment

Factors affecting business operations in a country, including cultural, political, economic, and legal aspects.

Cultural Forces

Influences related to cultural aspects such as language, beliefs, and traditions on market and site selection.

PESTEL Analysis

A framework used to analyze external factors affecting a business: Political, Economic, Social, Technological, Environmental, and Legal.

Logistics

The management of the flow of goods and services from point of origin to point of consumption.

Competitor Analysis

Assessing competitors' strategies and strengths to improve one's own competitive advantage.

Government Regulations

Rules and laws set by authorities that govern business operations, including investment barriers and tax policies.

CAGE Analysis

A framework for assessing the Cultural, Administrative, Geographic, and Economic distances between countries.

Scenario Planning

A strategic method for exploring and preparing for various potential future scenarios based on uncertainty.