Exam 7: Internationalization and Globalization Processes

Favorable logistics, low cost production, and steep experience curves are examples of what type of globalization driver:

Competitive corporate cultures are likely when societies have democracies, market-forces-based economies and fluid social class systems

The IMF forcing Asian countries to open up their markets to foreign companies is an example of government drivers encouraging corporate globalization

Which of the following are used to develop global leaders in corporate settings:

When firms do not need to integrate their worldwide operations and there are few needs to adapt to local market circumstances, a global-local strategy should be followed

When an Asian company brings its corporate culture to North America, it is likely to adapt its group decision-making processes because of cultural differences in:

When a US or UK company enters to Japanese market, it is likely to adapt its corporate culture to become more conservative in its decision-making. This is recognition of cultural differences based on:

Internationalization is the process by which firms leverage their resources and capabilities across borders and coordinate their marketing and manufacturing strategies

The ability to impose their personalities and authority on subordinates, and getting the job done despite all that stands in their way is a prominent characteristic of global leaders

Corporate cultures in highly capitalist systems tend to be shareholder-oriented

The internationalization and globalization moves prompt firms to identify those activities they do well and those with foreign market potential

Corporate globalization can be measured by:

Internationalization causes firms to rethink their supply chain activities and reevaluate their manufacturing, supplier and distribution systems

Polycentric corporate cultures emphasize foreign market orientations in strategic decision-making and corporate attitudes

Corporate cultures in highly capitalist systems tend to be stakeholder-oriented

Internationalization and globalization are measures of commitments to international markets

Information technologies in international companies have all of the following advantages except:

In arranging international finance for new operations, raising capital from local banks or financial institutions gives new subsidiaries relief from local shareholder pressures but vulnerable to national economic conditions such as inflation or high interest rates

The homogenization of global demand has pushed some leading consumer goods corporations towards geographic organizational structures

In going international, companies generally add to their corporate hierarchies to cope with the complexities of the global marketplace