Exam 7: Internationalization and Globalization Processes

The ability to formulate international strategies, appreciate different organizational structures, build cross-cultural teams and analyze marketplace environments are what part of the global leadership grooming process:

In arranging international finance for new operations, issuing equity (shares) locally makes new subsidiaries vulnerable to national shareholders and the fortunes of the local economy

Globalization occurs when companies extend products and services into overseas markets

Common customer needs, global channels, marketing transfers and lead countries are what types of globalization driver:

In arranging international finance for new operations, issuing shares using corporate holding companies, regional headquarters makes new subsidiaries susceptible to corporate control problems and short-term profit pressures

Where firms experience definite needs to integrate their operations globally and also be responsive to local needs, a global-local strategy should be followed

Geocentric corporate cultures are globally-oriented, without regard for particular nations or regions

Companies at early stages of internationalization tend to adapt all aspects of corporate culture to national cultural characteristics

Firms going international will always focus on those activities that have made their home market reputations

The UN's transnationality index favors firms with small domestic markets

Global managers instinctively know how to manage global-local tradeoffs and recognize what their organizations are capable of doing

Changes in any one of a company's strategies, structures and corporate cultures tend to result in changes in the other two elements

Cross cultural segments such as teenagers, businesspeople and senior citizens are based on common customer needs

Authority structures, decision-making apparatuses, information flows, tolerance for individual behaviors, competitive or cooperative internal environments are all aspects of:

When industry strategies call for much integration of worldwide activities and definite needs to be locally responsive, firms would select a(n):

Truly global companies manage their corporate missions, visions and strategies on a market-by-market basis

The UN's transnationality index favors firms with large domestic markets

When countries build up national expertise in particular product or technology sectors, this is an example of what type of market driver:

A large consumer products firm decides that a third of its brands have few sales and no international potential and decides to sell or discontinue them as it prepares for a big international push. The company is:

When industry strategies call for much integration of worldwide activities and few or no needs to be locally responsive, firms would select a(n):