Question 1

A primary consideration for an MNC in investing in a foreign country would be a decision based on:

Accepted Answer

A) Corporate culture 
B) Business ethics 
C) Specific locale 
D) Operating norms 
A) Corporate culture 
B) Business ethics 
C) Specific locale 
D) Operating norms C

Question 2

It is not true that the Internet

Accepted Answer

A) as a medium has removed certain entry barriers that have historically restricted quick market entry. 
B) clearly provides one of the easiest and most efficient methods of becoming global quickly. 
C) provides a business with lower costs and a more diverse customer base than building-based businesses. 
D) business experiences more problems than "bricks and mortar" business during times of financial crises. 
A) as a medium has removed certain entry barriers that have historically restricted quick market entry. 
B) clearly provides one of the easiest and most efficient methods of becoming global quickly. 
C) provides a business with lower costs and a more diverse customer base than building-based businesses. 
D) business experiences more problems than "bricks and mortar" business during times of financial crises. D

Question 3

Once strategic goals are set, an MNC will develop specific _____ goals and controls, usually through a two-way process at the subsidiary or affiliate level.

Accepted Answer

A) Bureaucratic 
B) Operational 
C) Strategic 
D) Contingency 
A) Bureaucratic 
B) Operational 
C) Strategic 
D) Contingency B

Question 4

Which of the following is not an advantage of first-mover strategies?

Accepted Answer

A) Capturing learning effects important for increasing market share 
B) Achieving scale economies 
C) Development of alliances with the most attractive local partners 
D) Capitalizing on well-established legal, institutional, and political frameworks 
A) Capturing learning effects important for increasing market share 
B) Achieving scale economies 
C) Development of alliances with the most attractive local partners 
D) Capitalizing on well-established legal, institutional, and political frameworks

Question 5

Is there a growing need for strategic management among MNCs? If so, why?

Accepted Answer

There is a growing need for strategic ma

Question 6

The process of determining an organization's basic mission and long-term objectives and then implementing a plan of action for attaining these goals is:

Accepted Answer

A) Strategic management 
B) Tactical management 
C) Contingency management 
D) Functional management 
A) Strategic management 
B) Tactical management 
C) Contingency management 
D) Functional management

Question 7

Companies that pursue this strategy typically sell products for which a large portion of value is added in the upstream activities of the industry's value chain.

Accepted Answer

A) Quality imperative 
B) Political imperative 
C) Economic imperative 
D) Administrative coordination 
A) Quality imperative 
B) Political imperative 
C) Economic imperative 
D) Administrative coordination

Question 8

External resource analysis helps the firm to evaluate its current financial strengths and weaknesses.

Accepted Answer

A) True 
 B)False

Question 9

A growing number of MNCs are finding that they must continually revise their strategies and make renewed commitment to the quality imperative because they are being bested by emerging market forces.

Accepted Answer

A) True 
 B)False

Question 10

One of the most important foci in _____ is the market and includes the role of all potential competitors and the relationships surrounding those competitors, such as affiliation with one another or the connection between the company and its customers and suppliers.

Accepted Answer

A) Strategy implementation 
B) Goal formulation 
C) Environmental scanning 
D) Internal resource analysis 
A) Strategy implementation 
B) Goal formulation 
C) Environmental scanning 
D) Internal resource analysis

Question 11

TQM techniques range from traditional inspection and statistical quality control to cutting-edge human resource management techniques, such as:

Accepted Answer

A) market share and profitability 
B) customer service and quality control 
C) self-managing teams and empowerment 
D) imports and exports 
A) market share and profitability 
B) customer service and quality control 
C) self-managing teams and empowerment 
D) imports and exports

Question 12

Many large MNCs work to combine the ___________ approaches to strategic planning.

Accepted Answer

A) economic, environmental, political, and administrative 
B) global, environmental, economic, and quality 
C) political, administrative, regional, and environmental 
D) economic, political, quality, and administrative 
A) economic, environmental, political, and administrative 
B) global, environmental, economic, and quality 
C) political, administrative, regional, and environmental 
D) economic, political, quality, and administrative

Question 13

Firms that internationalize after being domestically established have to overcome all of the following barriers except:

Accepted Answer

A) Their domestic orientation 
B) Their internal domestic political ties 
C) Their domestic decision-making inertia 
D) Their anti-risk seeking behavior 
A) Their domestic orientation 
B) Their internal domestic political ties 
C) Their domestic decision-making inertia 
D) Their anti-risk seeking behavior

Question 14

Describe the difference between global integration and national responsiveness.What is the principle advantage of each strategy?

Accepted Answer

Global integration is the production and

Question 15

Which of the following is not one of the steps in strategic planning?

Accepted Answer

A) transferring the successful process used in a developed country to an emerging economy 
B) scanning the external environment for opportunities and threats 
C) conducting an internal resource analysis of company strengths and weaknesses 
D) formulating goals in light of the external scanning and internal analysis 
A) transferring the successful process used in a developed country to an emerging economy 
B) scanning the external environment for opportunities and threats 
C) conducting an internal resource analysis of company strengths and weaknesses 
D) formulating goals in light of the external scanning and internal analysis

Question 16

The strategic planning process that helps a firm evaluate its current managerial, technical, material and financial strengths and weaknesses is:

Accepted Answer

A) Environmental scanning 
B) Operational analysis 
C) Internal resource analysis 
D) Tactical analysis 
A) Environmental scanning 
B) Operational analysis 
C) Internal resource analysis 
D) Tactical analysis

Question 17

All of the following are challenges firms could face in the implementation of a BOP strategy except:

Accepted Answer

A) Offering affordable goods 
B) Generating awareness regarding the product 
C) Nonexistent distribution channels 
D) Coordinating administrative functions 
A) Offering affordable goods 
B) Generating awareness regarding the product 
C) Nonexistent distribution channels 
D) Coordinating administrative functions

Question 18

_____ is the production and distribution of products and services of a homogeneous type and quality on a worldwide basis.

Accepted Answer

A) Global integration 
B) Nationalism 
C) Cross-border integration 
D) Market standardization 
A) Global integration 
B) Nationalism 
C) Cross-border integration 
D) Market standardization

Question 19

Strategic management is required to keep track of increasingly diversified operations in a continuously changing international environment.

Accepted Answer

A) True 
 B)False

Question 20

When the home office interferes with a subsidiary in another country, profitability suffers, but morale is unaffected and the investment eventually produces high returns.

Accepted Answer

A) True 
 B)False

A primary consideration for an MNC in investing in a foreign country would be a decision based on:

It is not true that the Internet

Once strategic goals are set, an MNC will develop specific _____ goals and controls, usually through a two-way process at the subsidiary or affiliate level.

Which of the following is not an advantage of first-mover strategies?

Is there a growing need for strategic management among MNCs? If so, why?

The process of determining an organization's basic mission and long-term objectives and then implementing a plan of action for attaining these goals is:

Companies that pursue this strategy typically sell products for which a large portion of value is added in the upstream activities of the industry's value chain.

External resource analysis helps the firm to evaluate its current financial strengths and weaknesses.

A growing number of MNCs are finding that they must continually revise their strategies and make renewed commitment to the quality imperative because they are being bested by emerging market forces.

One of the most important foci in _____ is the market and includes the role of all potential competitors and the relationships surrounding those competitors, such as affiliation with one another or the connection between the company and its customers and suppliers.

TQM techniques range from traditional inspection and statistical quality control to cutting-edge human resource management techniques, such as:

Many large MNCs work to combine the ___________ approaches to strategic planning.

Firms that internationalize after being domestically established have to overcome all of the following barriers except:

Describe the difference between global integration and national responsiveness.What is the principle advantage of each strategy?

Which of the following is not one of the steps in strategic planning?

The strategic planning process that helps a firm evaluate its current managerial, technical, material and financial strengths and weaknesses is:

All of the following are challenges firms could face in the implementation of a BOP strategy except:

_____ is the production and distribution of products and services of a homogeneous type and quality on a worldwide basis.

Strategic management is required to keep track of increasingly diversified operations in a continuously changing international environment.

When the home office interferes with a subsidiary in another country, profitability suffers, but morale is unaffected and the investment eventually produces high returns.

Globalization and International Linkages

The Political, Legal, and Technological Environment

Ethics, Social Responsibility, and Sustainability

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural and Negotiation

Entry Strategies and Organizational Structures

Managing Political Risk, Government Relations, and Alliances

Management Decision and Control

Motivation Across Cultures

Leadership Across Cultures

Human Resource Selection and Development Across Cultures

Filters

Exam 8: Strategy Formulation and Implementation

A primary consideration for an MNC in investing in a foreign country would be a decision based on:

It is not true that the Internet

Once strategic goals are set, an MNC will develop specific _____ goals and controls, usually through a two-way process at the subsidiary or affiliate level.

Which of the following is not an advantage of first-mover strategies?

Is there a growing need for strategic management among MNCs? If so, why?

The process of determining an organization's basic mission and long-term objectives and then implementing a plan of action for attaining these goals is:

Companies that pursue this strategy typically sell products for which a large portion of value is added in the upstream activities of the industry's value chain.

External resource analysis helps the firm to evaluate its current financial strengths and weaknesses.

A growing number of MNCs are finding that they must continually revise their strategies and make renewed commitment to the quality imperative because they are being bested by emerging market forces.

One of the most important foci in _____ is the market and includes the role of all potential competitors and the relationships surrounding those competitors, such as affiliation with one another or the connection between the company and its customers and suppliers.

TQM techniques range from traditional inspection and statistical quality control to cutting-edge human resource management techniques, such as:

Many large MNCs work to combine the ___________ approaches to strategic planning.

Firms that internationalize after being domestically established have to overcome all of the following barriers except:

Describe the difference between global integration and national responsiveness.What is the principle advantage of each strategy?

Which of the following is not one of the steps in strategic planning?

The strategic planning process that helps a firm evaluate its current managerial, technical, material and financial strengths and weaknesses is:

All of the following are challenges firms could face in the implementation of a BOP strategy except:

_____ is the production and distribution of products and services of a homogeneous type and quality on a worldwide basis.

Strategic management is required to keep track of increasingly diversified operations in a continuously changing international environment.

When the home office interferes with a subsidiary in another country, profitability suffers, but morale is unaffected and the investment eventually produces high returns.

Globalization and International Linkages

The Political, Legal, and Technological Environment

Ethics, Social Responsibility, and Sustainability

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural and Negotiation

Entry Strategies and Organizational Structures

Managing Political Risk, Government Relations, and Alliances

Management Decision and Control

Motivation Across Cultures

Leadership Across Cultures

Human Resource Selection and Development Across Cultures

Filters