Exam 10: Global Strategy: Competing Around the World

To keep track of the latest developments in computing, Lenovo's research centers are located in China, U.S.A., and Japan.Also, to benefit from low-cost labor and reduced shipping costs, the company's manufacturing facilities are in Mexico, India, and China.Which of the following strategies would require Lenovo to organize its operations worldwide in order to develop uniform products for its domestic and foreign markets?

The _____ states that geographic location alone should not lead to firm-level competitive advantage because firms are now, more than ever, able to source inputs globally.

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

Which of the following is a benefit of a multinational enterprise (MNE)pursuing a global-standardization strategy?

Due to dense urban living conditions, hot and humid summers, and high energy costs, it is not surprising that Japanese customers want small, quiet, and energy-efficient air conditioners.Which feature of Porter's diamond framework does this scenario best exemplify?

A trend observed during the globalization 3.0 stage involves:

Some multinational enterprises (MNEs)attempt to reap significant economies of scale and location economies by pursuing an international division of labor based on wherever best-of-class capabilities reside at the lowest cost.This is known as a(n)_____.

For which of the following types of industries is a multidomestic strategy most common?

Which of the following is a benefit of the transnational strategy?

Which of the following is not included within the types of strategic alliances?

Toyota is selling its hybrid Prius vehicle, built on global platforms, successfully in 80 countries.This information best supports the assumptions made under the:

For a multinational enterprise (MNE), applying the globalization hypothesis would mean:

Evara Cosmetics Inc.is a company that operates in 20 countries around the globe.The company clearly understands that the skin and hair type of customers varies from one country to another.Consequently, its products are customized to suit local needs and preferences of customers, even though the costs incurred while producing these products are exceptionally high.This strategy helps the company behave as a local firm in a foreign market.In this scenario, which of the following strategies does Evara Cosmetics Inc.most likely implement?

What products and industries does geographic distance affect the most?

During the period of globalization 1.0, the mode of entry into foreign markets primarily involved:

Briefly discuss the application of Michael Porter's diamond framework.

Marc Works Inc., a reputed brand for fine writing instruments, is implementing an international strategy in its firms.Torque Inc., a laptop brand, is pursuing a global-standardization strategy in its firms.Which of the following statements most likely holds true in this scenario?

Which of the following globalization strategies requires managers working in multinational enterprises (MNEs)to remember to think globally, but act locally?

China is infamous for its rampant business in illegal materials.Explain.

Discuss the drawbacks associated with using a transnational strategy.