Exam 8: Strategy Formulation and Implementation

For products like computers, Japanese firms:

_____ attempts to provide management with accurate forecasts of trends that relate to external changes in geographic areas where the firm is currently doing business or considering setting up operations.

National responsiveness is the need to understand different consumer tastes in segmented regional markets and respond to different national standards and regulations imposed by autonomous agencies.

TQM covers the full gamut, from strategy formulation to implementation.

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

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

An MNC must consider all of the following general areas in strategy implementation except:

These individuals are the key to stimulating profit growth within a company.

What is the purpose of internal resource analysis? In the context of internal resource analysis, what is a "key success factor"?

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:

International management activities of entrepreneurial and new-venture firms have been made possible by all of the following except:

MNCs have found that whether they are exporting or producing the goods locally in the host country, consideration of worldwide production is important.All of the following are factors to be taken into consideration except:

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

When the need for national responsiveness is high and the need for global integration is also high, this strategy is appropriate.

Firms that have done well domestically with a product usually have done so because the competition is effective.