Exam 15: Global Strategies and the Multinational Corporation

Figure 15.8 shows:

A global strategy views the world as a single market

Sheltered industries are protected from new entrants

What is the role of the national context, in regard to competitive advantage?

Internationalization typically follows a regular pattern of stages:

In general, globalization results in more competition and lower profitability

When considering foreign entry strategies the text asks 5 questions Which of these factors belong on that list?

When looking for international alliance or joint venture partners a firm should target firms with cultures, resources and capabilities as close to your own as possible

To establish a competitive advantage in a global industry, a firm must:

Why do joint ventures with shared management tend to have a higher failure rate compared to firms that have one dominant parent?

Considering firm-specific competitive advantages means:

Indian IT outsourcing firms, Philippines-based eTelecare, and Taiwan-based Waffer illustrate that:

Trade theory integrates the following elements:

In a globalization strategy, to what extent should a firm adapt its products to local tastes?

Which firms illustrate a change of leadership in an industry?

Large countries have an advantage over small countries in technology and capital-intensive industries, because:

Globalization decreases global efficiency by increasing global excess capacity

Comparative advantage means:

A consequence of internationalization for management is:

A center of excellence is a way of conceding power to national units while maintaining critical mass and coordination