Summary & Integration HBO Summary & Integration I.Managing the Global Enterprise II.The Manager’s Job? III.Knowledge & Competitive Advantage IV.Final Thoughts

Summary & Integration HBO Managing the Global Enterprise Key Questions Why international management Why do firms expand their operations abroad? What are some of the unique organizational challenges encountered? How do firms formulate strategy & develop capabilities?

Summary & Integration HBO Motivations for Internationalization Traditional Resource seeking (materials, labor, capital) Market seeking (sales expansion) Contemporary Innovation, knowledge, and learning Options for strategic moves and countermoves

Summary & Integration HBO Integrativeness / Responsiveness (Doz & Prahalad, 1981) Global Integration GlobalTransnational MultinationalInternational Local Responsiveness

Summary & Integration HBO Transnational Management Multidimensional Capabilities FEntrepreneurship, Integration, Renewal FNational, global, functional Configuration of Organizational Capabilities Distributed Interdependence FLocus of resources & expertise FKnowledge transfer Network Governance FShared decision making FNegotiated agreement FComplex coordination & cooperation HQ SUB

Summary & Integration HBO The Manager’s Job? (1) The manager is a reflective, systematic planner (2) The effective manager has no regular duties to perform (3) The senior manager needs aggregated information, which a formal management information system best provides (4) Management is quickly becoming a science and profession Myths about what you do Back to Basics Key Managerial Roles

Summary & Integration HBO Knowledge & Competitive Advantage Why is knowledge management such a buzz? What are the implications for strategic management & organization? What are the key attributes of knowledge to understand & what capabilities are required to effectively manage knowledge? Rethinking Organizations as Repository of Knowledge

Summary & Integration HBO Final Thoughts What is the organizational basis of competitiveness? What does it take to create effective organizations? What does it take to succeed in organizations?

Summary & Integration HBO V.R.I.O Framework Barney (1995) Valuable Realized Competitive Advantage Sustained Competitive Advantage Competitive Advantage Competitive Parity Rare Inimitable Organization

Summary & Integration HBO Organizational Architecture Informal Organization People Work Formal Organization Output System Unit Individual Input Environment Resources History Strategy

Summary & Integration HBO Accumulating & Leveraging Capital Human Capital Social Capital Management: getting action in complex social systems in the face of obstacles and barriers LowHigh Low

Summary & Integration HBO That’s Not All Folks Groups & Teams in Organizations Social Networks: Coordination & Control Organizational Power & Politics Interpersonal Negotiations Advanced Negotiations Organizational Change Knowledge Mgmt. & Org. Learning International Management