Exam 6: Formulating Strategy

The process of gathering information and forecasting relevant trends, competitive actions, and circumstances that will affect operations in geographic areas of potential interest is called ________.

Which of the following terms refers to the continuous process of gathering and evaluating information about variables and events around the world that may pose threats or opportunities to the firm?

After clarifying the corporate mission and objectives, the first major step in weighing international strategic options is the environmental assessment.

The first broad scan of all potential world markets should result in the firm being able to ________.

________ includes environmental scanning and continuous monitoring to keep abreast of variables around the world that are pertinent to the firm.

Offshoring is when a company moves one or all of its factories from the host country to the home country.

Dell is an American corporation that deals with computer technology.With its worldwide sourcing and fully merged production and marketing system, Dell is considered to be a ________.

Compare and contrast globalization and regionalization.

Which of the following is a contractual entry mode in which a company owning intangible property grants another firm the right to use that property for a specified period of time?

________ are companies that start out with a global reach, typically by using their Internet capabilities and also through hiring people with international experience and contacts around the world.

The second part of the strategic management process involves the ________.

Which of the following entry strategies is most likely to serve as a short-term strategy and to provide limited income?

In environmental scanning, the first broad scan of all potential world markets results in the firm being able to eliminate from its list those markets that are closed or insignificant or do not have reasonable entry conditions.

Antidumping laws enable formal institutions to affect international competition.

What is a SWOT analysis? How is it used in strategic planning?

Which of the following is a national risk with regard to strategic entry scanning?

Production, one of the five global corporate objectives, deals with development of new products with global patents.

Futura-Core Technologies, an electronics manufacturing firm, has advantages in financial capability and sustainability, but a disadvantage in speed of innovation.It is also at a disadvantage relative to Core-Dynamix Technologies, another electronics manufacturing firm, in important factors such as manufacturing capability and adaptability to market conditions.Which of the following terms best describes Futura-Core's abilities in comparison to Core-Dynamix?

Describe the strategies of globalization and regionalization.When can each strategy be used most effectively?

Companies seek out less restrictive foreign operating environments when the regulations and restrictions enforced by the firm's home government become expensive.