Question 1

When the need for national responsiveness is high and the need for global integration is high, a multi-domestic strategy is appropriate.

Accepted Answer

A) True 
 B)False

Question 2

All of the following are features of a "born-global" firm except:

Accepted Answer

A) They export products to close markets 
B) They employ strategies like unique-products development 
C) They indulge in significant international activity a short time after being established 
D) They seek joint ventures or acquisitions as a method to expand internationally 
A) They export products to close markets 
B) They employ strategies like unique-products development 
C) They indulge in significant international activity a short time after being established 
D) They seek joint ventures or acquisitions as a method to expand internationally

Question 3

Identify the four basic strategies that MNCs use and the situations in which they are used.

Accepted Answer

MNCs can be characterized as using one o

Question 4

An economic imperative approach to strategic planning is used when a product is regarded as a generic good and therefore does not have to be sold based on name brand.

Accepted Answer

A) True 
 B)False

Question 5

Ford Motor's strategic plan in Thailand is based on:

Accepted Answer

A) Offering the right price and product 
B) Offering the right combination of price and financing to a carefully identified market segment 
C) Offering the right combination of price and financing to all market segments 
D) Offering the right financing only 
A) Offering the right price and product 
B) Offering the right combination of price and financing to a carefully identified market segment 
C) Offering the right combination of price and financing to all market segments 
D) Offering the right financing only

Question 6

The implementation of a marketing strategy in international areas is built around the well-known "four Ps".These are:

Accepted Answer

A) Place of origin, price, productive life and product 
B) Promotion, price, production method and productive life 
C) Product, price, promotion and place 
D) Place of origin, production method, price and people 
A) Place of origin, price, productive life and product 
B) Promotion, price, production method and productive life 
C) Product, price, promotion and place 
D) Place of origin, production method, price and people

Question 7

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 8

According to the text, which of the following sets of goals almost always dominate the strategic plans of today's MNCs?

Accepted Answer

A) Quality and cost control 
B) Finance and operations 
C) Accounting and R&D 
D) Profitability and marketing 
A) Quality and cost control 
B) Finance and operations 
C) Accounting and R&D 
D) Profitability and marketing

Question 9

A worldwide strategy based on cost leadership, differentiation and segmentation is referred to as the:

Accepted Answer

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

Question 10

Which of the following findings regarding BOP strategy has significant implications for the globalization-national responsiveness framework?

Accepted Answer

A) Building relationships directly and at the local level contributes to the reputation and fosters the trust necessary to overcome the lack of formal institutions such as the rule of law 
B) The BOP may be an ideal environment for incubating new, leapfrog technologies 
C) These business models may travel profitably to higher-income markets because adding features to a low-cost model may be easier than removing features from high-cost models 
D) It brings focus to those who are too poor to be viable customers for multinational companies 
A) Building relationships directly and at the local level contributes to the reputation and fosters the trust necessary to overcome the lack of formal institutions such as the rule of law 
B) The BOP may be an ideal environment for incubating new, leapfrog technologies 
C) These business models may travel profitably to higher-income markets because adding features to a low-cost model may be easier than removing features from high-cost models 
D) It brings focus to those who are too poor to be viable customers for multinational companies

Question 11

All of the following act as disincentives for MNCs except:

Accepted Answer

A) Restrictions on profit repatriation 
B) Controls on the transfer of technology 
C) Export maximums for generating foreign currency 
D) Limits on local market growth 
A) Restrictions on profit repatriation 
B) Controls on the transfer of technology 
C) Export maximums for generating foreign currency 
D) Limits on local market growth

Question 12

There is definitive evidence that strategic planning in the international arena always results in higher profitability.

Accepted Answer

A) True 
 B)False

Question 13

A multinational firm's choice of a locale is affected by all of the following factors except:

Accepted Answer

A) Desirability of the location for employees 
B) The number of market shares invested in their home country 
C) Proximity to competitors 
D) Nature of the workforce 
A) Desirability of the location for employees 
B) The number of market shares invested in their home country 
C) Proximity to competitors 
D) Nature of the workforce

Question 14

A bureaucratic coordination approach to formulation and implementation is one in which the MNC makes strategic decisions based on the merits of the individual situation.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

There is a growing need for strategic ma

Question 16

MNCs that focus on the political imperative employ a worldwide strategy based on cost leadership, differentiation and segmentation.

Accepted Answer

A) True 
 B)False

Question 17

When the need for national responsiveness is low and the need for global integration is high, a global strategy is appropriate.

Accepted Answer

A) True 
 B)False

Question 18

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

Question 19

When the need for national responsiveness is low and the need for global integration is also low, which of the following strategies would be appropriate?

Accepted Answer

A) Globalization 
B) Transnational 
C) International 
D) Multi-domestic 
A) Globalization 
B) Transnational 
C) International 
D) Multi-domestic

Question 20

MNCs using the _____ approach to strategic planning are country-responsive; their approach is designed to protect local market niches.

Accepted Answer

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

When the need for national responsiveness is high and the need for global integration is high, a multi-domestic strategy is appropriate.

All of the following are features of a "born-global" firm except:

Identify the four basic strategies that MNCs use and the situations in which they are used.

An economic imperative approach to strategic planning is used when a product is regarded as a generic good and therefore does not have to be sold based on name brand.

Ford Motor's strategic plan in Thailand is based on:

The implementation of a marketing strategy in international areas is built around the well-known "four Ps".These are:

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

According to the text, which of the following sets of goals almost always dominate the strategic plans of today's MNCs?

A worldwide strategy based on cost leadership, differentiation and segmentation is referred to as the:

Which of the following findings regarding BOP strategy has significant implications for the globalization-national responsiveness framework?

All of the following act as disincentives for MNCs except:

There is definitive evidence that strategic planning in the international arena always results in higher profitability.

A multinational firm's choice of a locale is affected by all of the following factors except:

A bureaucratic coordination approach to formulation and implementation is one in which the MNC makes strategic decisions based on the merits of the individual situation.

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

MNCs that focus on the political imperative employ a worldwide strategy based on cost leadership, differentiation and segmentation.

When the need for national responsiveness is low and the need for global integration is high, a global strategy is appropriate.

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.

When the need for national responsiveness is low and the need for global integration is also low, which of the following strategies would be appropriate?

MNCs using the _____ approach to strategic planning are country-responsive; their approach is designed to protect local market niches.

Globalization and International Linkages

The Political, Legal, and Technological Environment

Ethics and Social Responsibility

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural Communication 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

When the need for national responsiveness is high and the need for global integration is high, a multi-domestic strategy is appropriate.

All of the following are features of a "born-global" firm except:

Identify the four basic strategies that MNCs use and the situations in which they are used.

An economic imperative approach to strategic planning is used when a product is regarded as a generic good and therefore does not have to be sold based on name brand.

Ford Motor's strategic plan in Thailand is based on:

The implementation of a marketing strategy in international areas is built around the well-known "four Ps".These are:

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

According to the text, which of the following sets of goals almost always dominate the strategic plans of today's MNCs?

A worldwide strategy based on cost leadership, differentiation and segmentation is referred to as the:

Which of the following findings regarding BOP strategy has significant implications for the globalization-national responsiveness framework?

All of the following act as disincentives for MNCs except:

There is definitive evidence that strategic planning in the international arena always results in higher profitability.

A multinational firm's choice of a locale is affected by all of the following factors except:

A bureaucratic coordination approach to formulation and implementation is one in which the MNC makes strategic decisions based on the merits of the individual situation.

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

MNCs that focus on the political imperative employ a worldwide strategy based on cost leadership, differentiation and segmentation.

When the need for national responsiveness is low and the need for global integration is high, a global strategy is appropriate.

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.

When the need for national responsiveness is low and the need for global integration is also low, which of the following strategies would be appropriate?

MNCs using the _____ approach to strategic planning are country-responsive; their approach is designed to protect local market niches.

Globalization and International Linkages

The Political, Legal, and Technological Environment

Ethics and Social Responsibility

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural Communication 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