What Are the Three Sources of Competitive Advantage That Are

question 54

Essay

What are the three sources of competitive advantage that are available to MNCs but unavailable to domestic firms? Identify the four strategic alternatives MNCs use to balance these three sources of competitive advantage.

Identify how group size, leadership style, and member roles influence cohesion.

Recognize the importance of role clarity, performance, acceptance, and ambiguity on team dynamics.

Describe key features of groups according to Forsythe (1999).

Understand the concept and components of team cohesion.

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Definitions:

Revenues

Increases in owner’s equity as a result of providing services or selling goods to customers.

Budget Performance Report

A report that summarizes actual costs, standard costs, and the differences for the units produced.

Cost Centers

Parts of an organization to which costs can be allocated, but which do not directly generate revenues.

Operating Expenses

Costs incurred during the normal functioning of a business, excluding the cost of goods sold.