Exam 10: Global Strategy: Competing Around the World

Myriad Inc., a well-established and reputed multinational enterprise (MNE), is headquartered in a highly developed economy. It wants to start its operations in New Denistan, considered one of the less-developed nations in the world. How will this strategic move most likely affect Myriad Inc.?

What is meant by cultural distance? How does it affect a firm? Use a real-life example of a business affected by cultural difference. The example can be from your everyday life, or it can be something you have read or heard about

A payroll company in the nation of Antono is seeking to expand beyond its borders while limiting administrative and political distance in the new country. Which potential site is the best one for this type of expansion?

Which of the following statements accurately explains the primary reason behind Walmart's failure in Germany?

Which of the following is a feature of the Globalization 2.0 stage?

When should a firm choose acquisition or greenfield operation as a foreign entry mode?

The process of closer integration and exchange between different countries and peoples worldwide is

Explain how the distance between two countries increases with geographic distance and economic distance.

Midas Touch, a venture capital firm, has the opportunity to invest in one of two firms that are in the process of globalizing. Coolco, an air-conditioner manufacturer, faces intense pressure from its home market. Barker, a dog-toy manufacturer, has encountered little competition in its country of origin. In which company should Midas Touch invest?

Which of the following has been a key driver for firms to expand globally during the Globalization 3.0 stage?

Which of the following describes a firm in the Globalization 1.0 stage?

Culinary Solutions Inc. manufactures cooking and baking equipment and has its base in the country of Vandevar. It has approximately 300 stores across the country and is already active in three foreign countries. It attempts to establish itself in the country of Balalaika, and uses its low-cost strategy to do so. However, due to the additional costs associated with training, coordinating across geographic distances, and other costs associated with doing business in an unfamiliar cultural and economic environment, Culinary Solutions Inc. incurs huge financial losses in Balalaika. In this scenario, Culinary Solutions Inc.'s failure to establish itself successfully in Balalaika occurs most likely because

How did Canada, Mexico, and the United States reduce the administrative and political distance between them?

How has China been affected by its one-child-per-family policy and appreciation of its currency?

Which of the following statements is true with regard to international trade between countries?

Bejukistan Laboratories Inc. has a national competitive advantage in the pharmaceutical industry. This means that the country

Fun Foods Inc. is a snack manufacturer that wants to expand globally. Few people abroad are familiar with Fun Foods snacks. The countries into which the company wants to expand require a high degree of local responsiveness when it comes to food, and the citizens of those countries already spend plenty of money on snacks. Which action should the leaders of Fun Foods take?

A trend observed during the Globalization 3.0 stage involves

New Zoya is a country of English-speaking people and has a very profitable economy. Which of the following countries is most likely to be the closest to New Zoya in terms of cultural distance?

Discuss how demand conditions within Porter's diamond framework affect national competitive advantage.