What do the terms ‘research exploitation’ and ‘exploration’ mean?

What is a district?

District define as geographical agglomeration of firm that belong to same or related industry.

What is the research question posed by the authors?

Why different types of industries district have different type of structure

The authors state that they direct their ‘attention to two continuous dimensions related to district governance: need for coordination and centralization of control.’ (p. 773) Discuss what the terms ‘coordination’ and ‘centralization of control’ mean.

Need For Coordination

In many districts, firm are co-related but otherwise exhibit little coordination. Through coorperative behavior might be observe.

Centralization of control

Centralization refer to the degree to which one or more parties have disproportionate authority or infulance over which interaction take place and how they are carried out.

What do the terms ‘complexity’ and ‘imperfect separability’ mean

Complexity

A complex industry enviermant often induce firm to exert more effort in coordinating their behaviors complexity may take many forms. But more relevant are technological and demand complexity

Imperfact separability

Whereas complexity provides the motivation for firms to pool their efforts to break down that complexity into more manageable pices, it is the separability of activity that determines the ease of effectiveness of doing so

5) What do the terms ‘architectural control’ and ‘high minimum efficiency scale’ mean.

Architectual control

Even in industry in which activities are higly separable, that control over the architecture of the final system, may be higly concentrated within the hand of a single firm.

High MINIMUM efficient scale

If one or more stages of the value chain of an industry has very high minimum efficient scale, then by necessity the industry will be characterized by one or few large players

What are the findings of the authors?

Economic Distance and the Survival of Foreign Direct Investments

Group 2

What does the term ‘economic distance’ mean?

Economic distance is a variable that has the potential to enhance understanding of FDIs. The economic distance between two countries often reflects differences in factor costs (such as wages) and in technological capability, both important factors affecting FDI decisions and performance.

What is the research question posed by the authors?

2) There are two research questions:

* Does the economic distance between a home country and a host country have any effect on the hazard rates of FDIs?

* How does the mode of entry moderate the effect of economic distance on hazard rates?

What do the terms ‘research exploitation’ and ‘exploration’ mean?

research exploitation and exploration:

* According to March (1991), exploitation involves using currently available information and thus improving present returns, and exploration involves gaining new information about alternatives and thus improving future returns.

* Exploitation and exploration represent two distinct yet complementary perspectives on FDI.

Date: 2015-12-17; view: 822