Exam 7: Internationalization and Globalization Processes

The transnationality index of corporate globalization is measured by:

The homogenization of world markets and moves towards global branding have pushed firms towards geographic organizational structures

Stakeholder corporate cultures are more appropriate when making investments abroad

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

The governance and responsibility corporate measure of globalization looks at the composition of the corporate management board and whether firms have global policies regulating their activities

The transnationality index is measures corporate globalization through a composite of foreign assets to total assets, foreign sales to total sales, and foreign employment to total employment

Matrix organizational structures are appropriate when firms have many products and many markets

As firms build foreign presences, they acquire economies of scale in reducing sourcing, manufacturing and market costs worldwide

Shareholder corporate cultures are more appropriate when making investments abroad

Fashion designers in France and Italy have world famous brand names based on these countries being major fashion centers. Their corporate cultures are likely to be:

International travel, global team experiences, cross-cultural training and overseas assignments are suitable ways to develop global leaders

Preparing for internationalization and globalization requires firms to perform which of the following activities:

Feminine societies encourage collegiality, participative decision-making and job satisfaction issues

Firms in knowledge and technology-intensive industries often globalize to leverage their expertise into international markets-these are experience curve drivers

An international firm's competitive advantages center around its responsiveness to local markets. Its most likely organizational structure would be a(n):

International retailers such as Carrefour, Wal-Mart and Benetton are examples of global channels driving the corporate internationalization process

IMF or WTO mandates to open up industries or national markets are examples of market drivers encouraging corporate globalization

The ability to learn and to adjust to new situations and experiences is perhaps the major characteristic of global corporate leaders

The ability to appreciate global and local considerations and manage global-local tradeoffs is which of the following characteristics of global leaders:

Industry structures tend to be unaffected by globalization pressures