Exam 12: Strategizing Structuring Learning Around The World

From a resource-based standpoint,a fundamental basis for competitive advantage is innovation-based firm heterogeneity._____ virtually guarantees that there will be persistent heterogeneity in the solutions generated.

The global standardization strategy maximizes local responsiveness.

Burger Mart,a fast food franchise in the U.S.is famous for its unique recipes that are a combination of a variety of spices.Their products are very popular in the U.S.They open a new outlet in Germany.They do not change their menu or their recipes as their menu and products are already popular in the U.S.Based on the integration-responsiveness framework,the strategy used by Burger Mart is a(n)_____.

The stakeholders of an MNE (employees and world governments)gain confidence in the global aspirations of the MNE when the upper echelon of management consists largely of one nationality.

Asset Sports,a sports equipment manufacturing company based in India,specializes in cricket equipment.It establishes a new manufacturing plant in Brazil that specializes in soccer equipment.Based on the integration-responsiveness framework,the strategy adopted by Asset Sports is called a(n)_____.

Altonland Inc.,a pharmaceutical company based in the United States,generally appoints a U.S.national as the head of its foreign subsidiaries for the first few years after a subsidiary is established.The company has been following this practice from the time it started its overseas operations.The given scenario illustrates:

_____ means reacting to different consumer preferences and host-country demands.

In the context of knowledge management,which of the following is true of multinational enterprises (MNEs)adopting a localization strategy?

Widget Corp.,a manufacturing firm in Lithuania,exports its manufactured tools to Wales.To protect its domestic firms,the Government of Wales imposes a 20 percent tax on the tools imported from Widget Corp.Therefore,Widget Corp.is subject to:

Explain the reciprocal relationship between multinational strategy and structure.

From a resource-based standpoint,a fundamental basis for competitive advantage is innovation-based firm homogeneity.

Which of the following is a disadvantage of adopting a global standardization strategy?

Managers need to actively develop learning and innovation capabilities to leverage multinational presence.

The two sets of pressures that multinational enterprises (MNEs)confront are _____.

Unlike a transnational strategy,a global standardization strategy involves:

Which of the following is a disadvantage of a global product division structure?

Explain the global matrix structure and its advantages and disadvantages.

Explain the two sets of pressures confronted by multinational enterprises.

Domestic and international competition share the pressure to reduce costs,but only domestic competition feels the pressure for local responsiveness.

Which of the following is a disadvantage of adopting a home replication strategy?