Question 1

The pendulum view of globalization explains the steady expansion and contraction of individual nations' economies.

Accepted Answer

A) True 
 B)False

Question 2

When it comes to strategic work as defined by A. G. Lafley, CEOs are primarily responsible for:

Accepted Answer

A) ​Overseeing the tactical aspects of a firm's work. 
B) ​Shaping the values and standards of the firm. 
C)  ​Calling and presiding over strategy meetings. 
D)  ​Delegating the responsibility for making strategic choices .

Question 3

The Japanese practice of employing a network form of supplier management rather than using costly acquisitions that is common in the West is known as:

Accepted Answer

A) ​Keiretsu. 
B) ​Guanxi. 
C)  ​Chaebol. 
D)  ​Blat.

Question 4

A primary reason to study global strategy is:

Accepted Answer

A) ​Strategy consultants with global experience are highly paid. 
B) ​Understanding how strategic decisions are made can facilitate business careers. 
C)  ​Domestic employers are finding themselves working with foreign suppliers and buyers more and more often. 
D)  ​All of the above.

Question 5

In an institution-based view of strategy, the informal rules of the game:

Accepted Answer

A) Must be avoided because global business is not a mere game. 
B) Are being replaced by formal rules. 
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.

Question 6

Globalization is viewed as:

Accepted Answer

A) A new force sweeping through the world in recent times. 
B) A long-run historical evolution since the dawn of human history. 
C)  A pendulum that swings from one extreme to another from time to time. 
D)  All of the above.

Question 7

Mintzberg advocated strategy as action in which:

Accepted Answer

A) ​Intended strategy is always superseded by emergent strategy. 
B) ​Emergent strategy can arise in addition to intended strategy. 
C)  ​Top-down planning is most conducive to emergent strategy. 
D)  ​Bottom-up planning and flexibility are avoided as part of strategic planning.

Question 8

Many BRIC local firms are:

Accepted Answer

A) Focused only on competing globally. 
B) Growing their absolute GDP but failing to increase their percentage of world GDP. 
C)  Inadequate in mounting any competitive threat to Triad-based MNEs. 
D)  Effectively competing at home.

Question 9

China in the 1970s is an example of an emerging economy.

Accepted Answer

A) True 
 B)False

Question 10

A typical "one-size-fits-all" strategy remains the most effective for firms "going global."

Accepted Answer

A) True 
 B)False

Question 11

The opening case is an example of how global companies hire employees locally and then train employees to work in other countries.

Accepted Answer

A) True 
 B)False

Question 12

How can principles of military strategy be useful in developing a global business strategy? Explain by using SWOT analysis.

Accepted Answer

The answer of How can principles of military strategy be...

Question 13

Who are the main opponents of globalization and what arguments do they make?

Accepted Answer

The answer of Who are the main opponents of globalization...

Question 14

A hallmark of theory building and development is:

Accepted Answer

A) The outcome of a test. 
B) Replication. 
C)  Intuition. 
D)  Consensus.

Question 15

The textbook's goal is to approach global strategy as the way that both domestic firms and foreign entrants compete successfully.

Accepted Answer

A) True 
 B)False

Question 16

According to the text, today's most successful MNEs far exceed the historical clout of some MNEs such as Britain's East India Company during colonial times.

Accepted Answer

A) True 
 B)False

Question 17

As you examine the current political, social, and economic environment of your country and the world as of the moment you are reading the text, what is your estimate of the extent to which globalization will increase or decrease in the short run? In the long run?

Accepted Answer

The answer of As you examine the current political, social,...

Question 18

Much of our knowledge about "the firm" is from research on firms in:

Accepted Answer

A) Anglo-American capitalism. 
B) Japan after World War II. 
C)  German mathematical models. 
D)  Emerging markets.

Question 19

How is semiglobalization different from globalization and localization?

Accepted Answer

The answer of How is semiglobalization different from globalization and...

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 1: Strategizing Around the Globe

The pendulum view of globalization explains the steady expansion and contraction of individual nations' economies.

When it comes to strategic work as defined by A. G. Lafley, CEOs are primarily responsible for:

The Japanese practice of employing a network form of supplier management rather than using costly acquisitions that is common in the West is known as:

A primary reason to study global strategy is:

In an institution-based view of strategy, the informal rules of the game:

Globalization is viewed as:

Mintzberg advocated strategy as action in which:

Many BRIC local firms are:

China in the 1970s is an example of an emerging economy.

A typical "one-size-fits-all" strategy remains the most effective for firms "going global."

The opening case is an example of how global companies hire employees locally and then train employees to work in other countries.

How can principles of military strategy be useful in developing a global business strategy? Explain by using SWOT analysis.

Who are the main opponents of globalization and what arguments do they make?

A hallmark of theory building and development is:

The textbook's goal is to approach global strategy as the way that both domestic firms and foreign entrants compete successfully.

According to the text, today's most successful MNEs far exceed the historical clout of some MNEs such as Britain's East India Company during colonial times.

As you examine the current political, social, and economic environment of your country and the world as of the moment you are reading the text, what is your estimate of the extent to which globalization will increase or decrease in the short run? In the long run?

Much of our knowledge about "the firm" is from research on firms in:

How is semiglobalization different from globalization and localization?

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