Exam 10: Global Strategy: Competing Around the World

Octa Autos Inc.wants to globally expand its market.It intends to ensure that its mode of foreign entry allows it to have strong control over its operations and protect its intellectual property, though it may mean investing a significant amount of capital and other resources.In this scenario, which of the following foreign entry modes would best suit Octa Autos Inc.?

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Question 1

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Provide an example of a company following a multidomestic strategy.

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Question 2

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Student answers will vary.A multidomestic strategy is common in the consumer products and food industries.For example, Swiss-based Nestlé, the largest food company in the world is well known for customizing its product offerings to suit local preferences, tastes, and requirements.Given the strong brand names and core competencies in R&D, and the quality in their consumer products and food industries, it is not surprising that these multinational companies generally pursue a differentiation strategy at the business level.Other companies following a multidomestic strategy include Bridgestone and Philips.

What factors enabled Japanese companies to build energy-efficient air conditioners?

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Due to dense urban living conditions, hot and humid summers, and high energy costs, Japanese customers demand small, quiet, and energy-efficient air conditioners.A home market made up of sophisticated customers who hold companies to a high standard of value creation, where cost containment contributes to national competitive advantage.Moreover, demanding customers may also clue firms in to the latest developments in specific fields and may push firms to move research from basic findings to commercial applications for the marketplace.

A firm pursuing a transnational strategy would believe that:

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Question 4

Today, Hollywood movies are banking more on foreign sales for their overall revenues.Hollywood studios have been adapting scripts to appeal to global audiences, and casting foreign actors in leading roles.Which of the following statements most accurately explains the reason for this change?

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Question 5

How does Lenovo pursue a global-standardization strategy? How has the company benefited from it?

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Question 6

Food Works Inc.is a multinational fast food chain that follows a multidomestic strategy.Which of the following statements most likely holds true for the company?

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Question 7

Welcome Inc.is a global Internet company that offers country-specific variations of its sites, keeping in mind the linguistic and religious differences between the countries.Welcome Inc.is most likely doing this to:

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Question 8

GM entered China in 1997 through a joint venture with Shanghai Automotive Industrial Corp.(SAIC).Which of the following factors best contributes to the fact that the Chinese market already accounts for 25 percent of GM's total revenues?

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Question 9

In which of the following stages of globalization did firms organize as networks to pursue a global-standardization strategy?

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Question 10

What is the integration-responsiveness framework?

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Question 11

Which of the following products are generally manufactured by multinational enterprises (MNEs)pursuing a global-standardization strategy?

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Question 12

Disney's "Wedding Banned," a romantic comedy about a divorced couple trying to prevent their daughter from getting married, was axed in the advanced production stage despite several marquee stars (Robin Williams, Anna Faris, and Diane Keaton).Which of the following statements best explains why this happened?

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Question 13

Which of the following is the most likely advantage of using foreign acquisitions or greenfield plants as a foreign entry mode?

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Question 14

Which of the following types of organizations comparatively requires the lowest levels of investment and control?

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Question 15

Charlie is a strategist who wants to decide on the appropriate strategy to help his firm "go global." Which of the following should Charlie consider while choosing his strategy?

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Question 16

The administrative and political distance between two trading countries reduces when:

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Question 17

Which of the following statements best explains how the presence of top-notch complementors within a firm's industry affects the focal firm's business?

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Question 18

How has the administrative and political distance between Canada, Mexico, and the United States been reduced?

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Question 19

What are the two opposing forces that multinational companies have to face when competing around the globe?

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Question 20

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Provide an example of a company following a multidomestic strategy.

What factors enabled Japanese companies to build energy-efficient air conditioners?

A firm pursuing a transnational strategy would believe that:

Today, Hollywood movies are banking more on foreign sales for their overall revenues.Hollywood studios have been adapting scripts to appeal to global audiences, and casting foreign actors in leading roles.Which of the following statements most accurately explains the reason for this change?

How does Lenovo pursue a global-standardization strategy? How has the company benefited from it?

Food Works Inc.is a multinational fast food chain that follows a multidomestic strategy.Which of the following statements most likely holds true for the company?

Welcome Inc.is a global Internet company that offers country-specific variations of its sites, keeping in mind the linguistic and religious differences between the countries.Welcome Inc.is most likely doing this to:

GM entered China in 1997 through a joint venture with Shanghai Automotive Industrial Corp.(SAIC).Which of the following factors best contributes to the fact that the Chinese market already accounts for 25 percent of GM's total revenues?

In which of the following stages of globalization did firms organize as networks to pursue a global-standardization strategy?

What is the integration-responsiveness framework?

Which of the following products are generally manufactured by multinational enterprises (MNEs)pursuing a global-standardization strategy?

Which of the following is the most likely advantage of using foreign acquisitions or greenfield plants as a foreign entry mode?

Which of the following types of organizations comparatively requires the lowest levels of investment and control?

Charlie is a strategist who wants to decide on the appropriate strategy to help his firm "go global." Which of the following should Charlie consider while choosing his strategy?

The administrative and political distance between two trading countries reduces when:

Which of the following statements best explains how the presence of top-notch complementors within a firm's industry affects the focal firm's business?

How has the administrative and political distance between Canada, Mexico, and the United States been reduced?

What are the two opposing forces that multinational companies have to face when competing around the globe?

What Is Strategy

Strategic Leadership: Managing the Strategy Process

External Analysis: Industry Structure, Competitive Forces, and Strategic Groups

Internal Analysis: Resources, Capabilities, and Core Competencies

Competitive Advantage, Firm Performance, and Business Models

Business Strategy: Differentiation, Cost Leadership, and Blue Oceans

Business Strategy: Innovation, Entrepreneurship, and Platforms

Corporate Strategy: Vertical Integration and Diversification

Corporate Strategy: Strategic Alliances, Mergers and Acquisitions

Organizational Design: Structure, Culture, and Control

Corporate Governance and Business Ethics

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