Exam 1: Strategy Around the Globe

BRIC refers to: a. Bahrain, Russia, Iran, and China. b. Bolivia, Romania, India, and Columbia. c. Bulgaria, Romania, Iraq, and China. d. Bermuda, Rwanda, Iraq, and the Czech Republic. e. Brazil, Russia, India, and China.

"Global strategy" refers to: a. A particular theory on how to compete. b. Offering standardized products and services on a worldwide basis. c. Any strategy outside one's home country. d. Strategy of firms around the globe-essentially various firms' theories about how to compete successfully. e. All of the above.

If a strategy (theory) is truly successful, it will work not just for one firm but for all others as well.

In China, political correctness may need to be considered when making reference to Taiwan.

Having valuable, unique, and hard-to-imitate capabilities may be advantageous in doing business globally. However, what is the problem with trying to maintain that advantage?

How can principles of military strategy be useful in developing a global business strategy? Explain by using SWOT analysis.

Emerging economies (or emerging markets): a. Now command a full one-third of the worldwide FDI flow. b. Command half of the global gross domestic product (GDP) measured at purchasing power parity. c. A and B above d. Despite their growth, they still command less than 10% of global GDP. e. Consist of countries which are in a state of decline but which are believed to have potential for growth.

During the second half of the twentieth century, Hong Kong, Singapore, South Korea, and Taiwan, refused to participate in the global economy and became known as the "Four Toothless Tigers."

According to the text, the current brand of "global strategy" seems relevant only for MNEs from: a. BRIC. b. The Triad. c. OPEC nations. d. NAFTA. e. The E. U.

The resource-based view suggests that firm-specific capabilities do not drive performance differences.

The text stresses that realism indicates that all companies should "go global" and endeavor to do so as quickly as possible in view of the vast opportunities that exist.

The _______ view primarily focuses on the ______ in a SWOT analysis. a. Industry-based, OT b. Resource-based, OT c. Industry-based, SW d. Resource-based, SW e. Industry and resource, SWOT

The industry-based view posits that the degree of competitiveness in an industry largely determines firm performance.

Semiglobalization involves doing business in either the northern or southern hemisphere but not both.

During the 1990s there was an increase in both global trade and opposition to global trade.

The earliest MNEs existed in some form thousands of years ago in the Assyrian, Phoenician, and Roman empires.

Many BRIC local firms are: a. Effectively competing at home. b. Launching offensives abroad. c. Creating serious ramifications for Triad-based MNEs. d. All of the above. e. BRIC local firms have yet to become significant globally.

A SWOT analysis resonates very well with Sun Tzu's teachings.

A hallmark of theory building and development is: a. The outcome of a test. b. Replication. c. Intuition. d. Consensus. e. Lack of controversy.

The institution-based view argues that institutional forces provide an answer to similarities in firm performance but not differences.