Exam 10: Strategizing, Structuring, and Learningaround the World

Localization strategy is an extension of the home replication strategy.

When the pressure for local responsiveness is high, the integration-response framework recommends which form of multinational structure/strategy?

The structure that best supports, in theory, the transnational strategy is:

Suppose you are the leader of a nation that currently has few capabilities other than a well-educated populace that could contribute to economic growth. However, you think you have a bright idea. You are going to encourage MNEs from around the world to locate their headquarters in your country. What might attract them and how might that pay off if you are successful?

A global account structure is a customer-focused solution that supplies customers in a coordinated and consistent way across various countries.

A localization strategy is most appropriate in industries where the pressures for cost reduction are significant.

When buyer firms that have a great deal of bargaining power move internationally, components suppliers are often forced to internationalize in order to retain the buyer firm's business.

When the pressure for cost reduction is high, the integration-response framework recommends which form of multinational structure/strategy?

This structure is often used to supply customers (often other MNEs) in a coordinated and consistent way across various countries.

It is obviously a lot easier to imitate an intangible philosophy or mentality than to imitate a tangible structure.

It is hard to distinguish between subsidiary initiative and empire building.

Knowledge flow in MNEs follows the path of a top-down hierarchy.

The type of knowledge that is codifiable (that is, it can be written down and transferred without losing much of its richness) is called:

A limited absorptive capacity leads to:

The structure that is typically set up when firms initially expand abroad is a:

To what extent should a firm be committed to a particular strategy versus making frequent changes in the strategy? If a strategy is likely to be changed, what is the point in having one?

When a company's rivals all move toward a global standardization strategy, the strategy:

MNEs that buy and use enterprise resource planning (ERP) packages provide themselves with a firm-specific advantage in doing so.

The most appropriate structure for a multidomestic strategy is a:

Because knowledge is undoubtedly a resource for any firm, describe the resource-based considerations that go into knowledge management.