Exam 7: Internationalization and Globalization Processes

International retailers such as Carrefour, Wal-Mart and Benetton are examples of common customer needs driving the corporate internationalization process

The lead country globalization driver occurs when countries build up national expertise in a particular product or technology sector

Feminine societies encourage aggressive power-based behaviors and internal competition

As countries industrialize, more egalitarian corporate cultures tend to be favored

Governments rarely or never discourage corporate globalization or protect local industries from international competition

Corporate culture is a patterned way of thinking that defines relationships, facilitates communication and orients employee behaviors towards corporate goals

When corporate missions, visions and strategies are crafted with worldwide markets in mind is an example of which type of corporate globalization measure:

When firms face rising imports and increasing numbers of foreign rivals in the home market, what type of globalization driver is at work in forcing them into overseas markets:

The marketing orientation measure of corporate globalization measures the extent to which firms globalize or localize their marketing strategies

Information and internet technologies have fully affected communications and decision processes in developing nations

As countries industrialize, more individualistic corporate cultures tend to be favored

Which of the following is not a benefit of internationalization and globalization:

In financing a national subsidiary, a parent company issues shares held by itself, the regional headquarters and other corporate entities. This form of financing is:

Competitive drivers of globalization occur when costs of new product development force firms to go into world markets to offset increased costs

Global firms have generally found that harmonizing human resources to be among the easiest of policies to standardize on a worldwide basis

An international firm routinely finances new subsidiaries by lending money from the corporate treasury so it can vary interest rates and payback terms. This company is using a(n):

Competitive corporate cultures are likely when societies have static political systems, sheltered economies and hereditary-based social class systems

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

In adapting corporate cultures to national culture influences, international firms must take account of two key influences: societal competitiveness and shareholder-stakeholder orientations

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