Exam 1: Strategizing Around the Globe

According to the text, the current brand of "global strategy" seems relevant only for MNEs from: a. BRIC. b. The Triad. c. OPEC nations. d. NAFTA. e. The E. U.

During the second half of the twentieth century, Hong Kong, Singapore, South Korea, and Taiwan, refused to participate in the global economy and became known as the "Four Toothless Tigers."

The word _______has now become the most famous Chinese business word to appear in English-language media. a. Keiretsu b. Guanxi c. Chaebol d. Blat e. None of the above.

According to the text, business students may tend to focus more on the economic gains of globalization, and be less concerned with its darker sides.

The industry-based view posits that the degree of competitiveness in an industry largely determines firm performance.

In the opening case, the formal rules in China stated that foreign companies could not publish books on their own.

A lot of opponents of globalization are nongovernmental organizations NGOs), such as environmentalists and consumer groups.

The earliest MNEs existed in some form thousands of years ago in the Assyrian, Phoenician, and Roman empires.

Semiglobalization involves doing business in either the northern or southern hemisphere but not both.

During the 1990s there was an increase in both global trade and opposition to global trade.

The text points out that not all firms should go global. In view of the vast opportunities, why should some firms not pursue international business?

As shown in the closing case, the informal rules of the game: a. Must be avoided because global business is not a mere game. b. Are not applicable in cultures in which tend to be very formal. c. Often require that the firm seek to change the informal rules instead of going along with those rules. d. Need to be understood by firms. e. Are being replaced by formal rules.

Which of the following were the first to express concern about international competition from low-cost countries? a. American political leaders in the twenty first century. b. Union leaders in the last half of the twentieth century. c. American business leaders in the late 1800s. d. The King of England in the late 1700s. e. A first century Roman emperor.

The current era of globalization originated in the aftermath of: a. World War I. b. World War II. c. The Korean Conflict. d. The Vietnam Conflict. e. The Gulf War.

If a strategy theory) is truly successful, it will work not just for one firm but for all others as well.

A hallmark of theory building and development is: a. The outcome of a test. b. Replication. c. Intuition. d. Consensus. e. Lack of controversy.

The resource-based view suggests that firm-specific capabilities do not drive performance differences.

Strategy: a. Dates back to 500bc and the work of the strategist Sun Tzu of China. b. Applies concepts developed by the strategist von Clausewitz. c. Includes application of principles of military strategy to business competition. d. All of the above. e. In this century, civilian companies no longer apply military theories and principles in dealing with competition.

Why is there a backlash against globalization, and how do aspects of that backlash actually enhance globalization?

Which of the following best describes foreign direct investment FDI)? a. A firm's direct investment in production and/or service activities abroad. b. The purchases of foreign securities by people within the U.S. c. The purchases of U. S. securities by people from other countries. d. Avoidance of brokers or other financial intermediaries when making foreign investments. e. B and C above.