Question 1

Which of the following best describes foreign direct investment (FDI)?

Accepted Answer

A)  A firm's direct investment in production and/or service activities abroad. 
B)  The purchases of foreign securities by people within the United States. 
C)  The purchases of U.S.securities by people from other countries. 
D)  Avoidance of brokers or other financial intermediaries when making foreign investments. 
A)  A firm's direct investment in production and/or service activities abroad. 
B)  The purchases of foreign securities by people within the United States. 
C)  The purchases of U.S.securities by people from other countries. 
D)  Avoidance of brokers or other financial intermediaries when making foreign investments.

Question 2

In discussions of globalization,a case can be made for both extensive cultural integration as well as the promotion of inequality.
​

Accepted Answer

A) True 
 B)False

Question 3

According to the text,today's most successful MNEs far exceed the historical clout of some MNEs such as Britain's East India Company during colonial times.

Accepted Answer

A) True 
 B)False

Question 4

​MNEs are increasingly finding that:

Accepted Answer

A)  ​The strategy that works in their domestic market will most likely work best in foreign markets. 
B)  ​Tailoring strategies for particular markets is costly and often ineffective. 
C)  ​The quest for worldwide cost reduction and consolidation in global strategy has sacrificed local responsiveness. 
D)  ​Strategies targeted to emerging markets work best in developed markets as well. 
A)  ​The strategy that works in their domestic market will most likely work best in foreign markets. 
B)  ​Tailoring strategies for particular markets is costly and often ineffective. 
C)  ​The quest for worldwide cost reduction and consolidation in global strategy has sacrificed local responsiveness. 
D)  ​Strategies targeted to emerging markets work best in developed markets as well.

Question 5

Which of the following was the first to express concern about international competition from low-cost countries?

Accepted Answer

A)  American political leaders in the twenty first century. 
B)  Union leaders in the last half of the twentieth century. 
C)  A first-century Roman emperor. 
D)  The King of England in the late 1700s. 
A)  American political leaders in the twenty first century. 
B)  Union leaders in the last half of the twentieth century. 
C)  A first-century Roman emperor. 
D)  The King of England in the late 1700s.

Question 6

​When surveyed about the benefit of globalization,a higher percentage of the American general public saw globalization as good for strengthening the economics of poor countries than as good for U.S.consumers.

Accepted Answer

A) True 
 B)False

Question 7

​The two primary purposes of a theory are to explain the past and predict the future.

Accepted Answer

A) True 
 B)False

Question 8

Emerging economies (or emerging markets):

Accepted Answer

A)  Now command a full one-half of the worldwide FDI flow. 
B)  Command half of the global gross domestic product (GDP)measured at purchasing power parity. 
C)  Consist of countries which are in a state of decline but which are believed to have potential for growth. 
D)  Despite their growth,they still command less than 10% of global GDP. 
A)  Now command a full one-half of the worldwide FDI flow. 
B)  Command half of the global gross domestic product (GDP)measured at purchasing power parity. 
C)  Consist of countries which are in a state of decline but which are believed to have potential for growth. 
D)  Despite their growth,they still command less than 10% of global GDP.

Question 9

How can principles of military strategy be useful in developing a global business strategy? Explain by using SWOT analysis.

Accepted Answer

Students may point out that military str

Question 10

​The textbook's goal is to approach global strategy as the way that both domestic firms and foreign entrants compete successfully.

Accepted Answer

A) True 
 B)False

Question 11

​Although global strategy is associated with business,the term globalization means the close integration of countries and peoples of the world.

Accepted Answer

A) True 
 B)False

Question 12

Much of our knowledge about "the firm" is from research on firms in:

Accepted Answer

A)  Anglo-American capitalism. 
B)  Japan after World War II. 
C)  German mathematical models. 
D)  Emerging markets. 
A)  Anglo-American capitalism. 
B)  Japan after World War II. 
C)  German mathematical models. 
D)  Emerging markets.

Question 13

​Part of China's economic growth has been attributed to guanxi,which is:

Accepted Answer

A)  ​A process of rapid acquisition and divestment. 
B)  ​Formal institutional structures. 
C)  ​The nouveau riche of China. 
D)  ​Interpersonal networks and relationships. 
A)  ​A process of rapid acquisition and divestment. 
B)  ​Formal institutional structures. 
C)  ​The nouveau riche of China. 
D)  ​Interpersonal networks and relationships.

Question 14

"Global strategy" refers to:

Accepted Answer

A)  A particular theory on how to compete. 
B)  Offering standardized products and services on a worldwide basis. 
C)  Strategy of firms around the globe-essentially various firms' theories about how to compete successfully. 
D)  All of the above. 
A)  A particular theory on how to compete. 
B)  Offering standardized products and services on a worldwide basis. 
C)  Strategy of firms around the globe-essentially various firms' theories about how to compete successfully. 
D)  All of the above.

Question 15

​Which of the following is NOT an advantage of "strategy as theory"?​

Accepted Answer

A)  ​It integrates both planning and action schools. 
B)  ​It requires both replications and experimentations. 
C)  ​It encompasses an understanding of the difficulty of strategic change. 
D)  ​It serves the single purpose of prediction. 
A)  ​It integrates both planning and action schools. 
B)  ​It requires both replications and experimentations. 
C)  ​It encompasses an understanding of the difficulty of strategic change. 
D)  ​It serves the single purpose of prediction.

Question 16

​Describe Liddell Hart's "strategy as action" concept.Explain Mintzberg's theory about strategy and how it is similar to Hart's.

Accepted Answer

​An answer should attribute "strategy as

Question 17

As demonstrated at Samsung,it is easier for Westerners to adapt to Eastern work styles than for Easterners to adapt to Western work styles.

Accepted Answer

A) True 
 B)False

Question 18

​A resource-based view of strategy sees a firm's success as primarily dependent on:

Accepted Answer

A)  ​A firm's opportunities and threats. 
B)  ​A firm's strengths and weaknesses. 
C)  ​The competitive forces of the firm's market. 
D)  ​The formal and informal rules of the game. 
A)  ​A firm's opportunities and threats. 
B)  ​A firm's strengths and weaknesses. 
C)  ​The competitive forces of the firm's market. 
D)  ​The formal and informal rules of the game.

Question 19

The text stresses that realism indicates that all companies should "go global" and endeavor to do so as quickly as possible in view of the vast opportunities that exist.

Accepted Answer

A) True 
 B)False

Question 20

​When looking at the global economy as a pyramid,MNEs:

Accepted Answer

A)  ​Traditionally believed no money was to be made in base of the pyramid markets. 
B)  ​Are based almost exclusively in the top tier. 
C)  ​Face little competition from emerging markets at any level of the pyramid. 
D)  ​Tend to target the population at the base of the pyramid. 
A)  ​Traditionally believed no money was to be made in base of the pyramid markets. 
B)  ​Are based almost exclusively in the top tier. 
C)  ​Face little competition from emerging markets at any level of the pyramid. 
D)  ​Tend to target the population at the base of the pyramid.

Which of the following best describes foreign direct investment (FDI)?

In discussions of globalization,a case can be made for both extensive cultural integration as well as the promotion of inequality.

According to the text,today's most successful MNEs far exceed the historical clout of some MNEs such as Britain's East India Company during colonial times.

MNEs are increasingly finding that:

Which of the following was the first to express concern about international competition from low-cost countries?

When surveyed about the benefit of globalization,a higher percentage of the American general public saw globalization as good for strengthening the economics of poor countries than as good for U.S.consumers.

The two primary purposes of a theory are to explain the past and predict the future.

Emerging economies (or emerging markets):

How can principles of military strategy be useful in developing a global business strategy? Explain by using SWOT analysis.

The textbook's goal is to approach global strategy as the way that both domestic firms and foreign entrants compete successfully.

Although global strategy is associated with business,the term globalization means the close integration of countries and peoples of the world.

Much of our knowledge about "the firm" is from research on firms in:

Part of China's economic growth has been attributed to guanxi,which is:

"Global strategy" refers to:

Which of the following is NOT an advantage of "strategy as theory"?

Describe Liddell Hart's "strategy as action" concept.Explain Mintzberg's theory about strategy and how it is similar to Hart's.

As demonstrated at Samsung,it is easier for Westerners to adapt to Eastern work styles than for Easterners to adapt to Western work styles.

A resource-based view of strategy sees a firm's success as primarily dependent on:

The text stresses that realism indicates that all companies should "go global" and endeavor to do so as quickly as possible in view of the vast opportunities that exist.

When looking at the global economy as a pyramid,MNEs:

Managing Industry Competition

Leveraging Resources and Capabilities

Emphasizing Institutions, cultures, and Ethics

Growing and Internationalizingthe Entrepreneurial Firm

Entering Foreign Markets

Making Strategic Alliancee and Networks Work

Managing Global Competitive Dynamics

Diversifying, acquiring, and Restructuring

Strategizing, structuring, and Learningaround the World

Governing the Corporation Around the World

Strategizing With Corporate Social Responsibility

Filters

Exam 1: Strategizing Around the Globe

Which of the following best describes foreign direct investment (FDI)?

In discussions of globalization,a case can be made for both extensive cultural integration as well as the promotion of inequality. ​

According to the text,today's most successful MNEs far exceed the historical clout of some MNEs such as Britain's East India Company during colonial times.

​MNEs are increasingly finding that:

Which of the following was the first to express concern about international competition from low-cost countries?

​When surveyed about the benefit of globalization,a higher percentage of the American general public saw globalization as good for strengthening the economics of poor countries than as good for U.S.consumers.

​The two primary purposes of a theory are to explain the past and predict the future.

Emerging economies (or emerging markets):

How can principles of military strategy be useful in developing a global business strategy? Explain by using SWOT analysis.

​The textbook's goal is to approach global strategy as the way that both domestic firms and foreign entrants compete successfully.

​Although global strategy is associated with business,the term globalization means the close integration of countries and peoples of the world.

Much of our knowledge about "the firm" is from research on firms in:

​Part of China's economic growth has been attributed to guanxi,which is:

"Global strategy" refers to:

​Which of the following is NOT an advantage of "strategy as theory"?​

​Describe Liddell Hart's "strategy as action" concept.Explain Mintzberg's theory about strategy and how it is similar to Hart's.

As demonstrated at Samsung,it is easier for Westerners to adapt to Eastern work styles than for Easterners to adapt to Western work styles.

​A resource-based view of strategy sees a firm's success as primarily dependent on:

The text stresses that realism indicates that all companies should "go global" and endeavor to do so as quickly as possible in view of the vast opportunities that exist.

​When looking at the global economy as a pyramid,MNEs:

Managing Industry Competition

Leveraging Resources and Capabilities

Emphasizing Institutions, cultures, and Ethics

Growing and Internationalizingthe Entrepreneurial Firm

Entering Foreign Markets

Making Strategic Alliancee and Networks Work

Managing Global Competitive Dynamics

Diversifying, acquiring, and Restructuring

Strategizing, structuring, and Learningaround the World

Governing the Corporation Around the World

Strategizing With Corporate Social Responsibility

Filters

In discussions of globalization,a case can be made for both extensive cultural integration as well as the promotion of inequality.

MNEs are increasingly finding that:

When surveyed about the benefit of globalization,a higher percentage of the American general public saw globalization as good for strengthening the economics of poor countries than as good for U.S.consumers.

The two primary purposes of a theory are to explain the past and predict the future.

The textbook's goal is to approach global strategy as the way that both domestic firms and foreign entrants compete successfully.

Although global strategy is associated with business,the term globalization means the close integration of countries and peoples of the world.

Part of China's economic growth has been attributed to guanxi,which is:

Which of the following is NOT an advantage of "strategy as theory"?

Describe Liddell Hart's "strategy as action" concept.Explain Mintzberg's theory about strategy and how it is similar to Hart's.

A resource-based view of strategy sees a firm's success as primarily dependent on:

When looking at the global economy as a pyramid,MNEs: