Question 1

Describe Liddell Hart's "strategy as action" concept. Explain Mintzberg's theory about strategy and how it is similar to Hart's.

Accepted Answer

The answer of Describe Liddell Hart's "strategy as action" concept....

Question 2

"Global strategy" refers to:

Accepted Answer

A) A particular theory on how to compete. 
B) Offering standardized products and services on a worldwide basis. 
C)  Strategy of firms around the globe-essentially various firms' theories about how to compete successfully. 
D)  All of the above.

Question 3

The current era of globalization originated in the aftermath of:

Accepted Answer

A) World War I. 
B) World War II. 
C)  The Vietnam Conflict. 
D)  The Gulf War.

Question 4

U.S. business students have positive views similar to those of the general public.

Accepted Answer

A) True 
 B)False

Question 5

Semiglobalization involves doing business in either the Northern or Southern Hemisphere but not both.

Accepted Answer

A) True 
 B)False

Question 6

A resource-based view of strategy sees a firm's success as primarily dependent on:

Accepted Answer

A) ​A firm's opportunities and threats. 
B) ​A firm's strengths and weaknesses. 
C)  ​The competitive forces of the firm's market. 
D)  ​The formal and informal rules of the game.

Question 7

Describe the way in which a firm might use a balanced scorecard.

Accepted Answer

The answer of Describe the way in which a firm...

Question 8

The three key perspectives of strategy as a discipline include industry-based, resource-based, and labor-based views.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following best describes foreign direct investment (FDI)?

Accepted Answer

A) A firm's direct investment in production and/or service activities abroad. 
B) The purchases of foreign securities by people within the United States. 
C)  The purchases of U. S. securities by people from other countries. 
D)  Avoidance of brokers or other financial intermediaries when making foreign investments.

Question 10

As demonstrated at Samsung, it is easier for Westerners to adapt to Eastern work styles than for Easterners to adapt to Western work styles.

Accepted Answer

A) True 
 B)False

Question 11

Viewing each country as a unique market and therefore somewhat isolated is known as _________, whereas ___________ sees market integration as subject to some barriers that do not totally insulate those markets.

Accepted Answer

A) ​antiglobalization; localization 
B) ​localization; globalization 
C)  ​globalization; semiglobalization 
D)  ​localization; semiglobalization

Question 12

Part of China's economic growth has been attributed to guanxi, which is:

Accepted Answer

A) ​A process of rapid acquisition and divestment. 
B) ​Formal institutional structures. 
C)  ​The nouveau riche of China. 
D)  ​Interpersonal networks and relationships.

Question 13

Having valuable, unique, and hard-to-imitate capabilities may be advantageous in doing business globally. However, what is the problem with trying to maintain that advantage?

Accepted Answer

The answer of Having valuable, unique, and hard-to-imitate capabilities may...

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

The word _______has now become the most famous Chinese business word to appear in English-language media.

Accepted Answer

A) keiretsu 
B) guanxi 
C)  chaebol 
D)  blat

Question 16

The Japanese use a formal system of interlocking business groups and relationships, known as guanxi, in determining business strategies.

Accepted Answer

A) True 
 B)False

Question 17

In discussions of globalization, a case can be made for both extensive cultural integration as well as the promotion of inequality.
​

Accepted Answer

A) True 
 B)False

Question 18

Overall, strategy is:

Accepted Answer

A) A rulebook. 
B) A blueprint. 
C)  A set of programmed instructions. 
D)  None of the above.

Question 19

When looking at the global economy as a pyramid, MNEs:

Accepted Answer

A) ​Traditionally believed no money was to be made in base of the pyramid markets. 
B) ​Are based almost exclusively in the top tier. 
C)  ​Face little competition from emerging markets at any level of the pyramid. 
D)  ​Tend to target the population at the base of the pyramid.

Question 20

The more traditional meaning of global strategy is any strategy outside one's home country.

Accepted Answer

A) True 
 B)False

Exam 1: Strategizing Around the Globe

Describe Liddell Hart's "strategy as action" concept. Explain Mintzberg's theory about strategy and how it is similar to Hart's.

"Global strategy" refers to:

The current era of globalization originated in the aftermath of:

U.S. business students have positive views similar to those of the general public.

Semiglobalization involves doing business in either the Northern or Southern Hemisphere but not both.

A resource-based view of strategy sees a firm's success as primarily dependent on:

Describe the way in which a firm might use a balanced scorecard.

The three key perspectives of strategy as a discipline include industry-based, resource-based, and labor-based views.

Which of the following best describes foreign direct investment (FDI) ?

As demonstrated at Samsung, it is easier for Westerners to adapt to Eastern work styles than for Easterners to adapt to Western work styles.

Viewing each country as a unique market and therefore somewhat isolated is known as _, whereas ___ sees market integration as subject to some barriers that do not totally insulate those markets.

Part of China's economic growth has been attributed to guanxi, which is:

Having valuable, unique, and hard-to-imitate capabilities may be advantageous in doing business globally. However, what is the problem with trying to maintain that advantage?

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

The word _______has now become the most famous Chinese business word to appear in English-language media.

The Japanese use a formal system of interlocking business groups and relationships, known as guanxi, in determining business strategies.

In discussions of globalization, a case can be made for both extensive cultural integration as well as the promotion of inequality.

Overall, strategy is:

When looking at the global economy as a pyramid, MNEs:

The more traditional meaning of global strategy is any strategy outside one's home country.

Exam 1: Strategizing Around the Globe

Describe Liddell Hart's "strategy as action" concept. Explain Mintzberg's theory about strategy and how it is similar to Hart's.

"Global strategy" refers to:

The current era of globalization originated in the aftermath of:

U.S. business students have positive views similar to those of the general public.

Semiglobalization involves doing business in either the Northern or Southern Hemisphere but not both.

A resource-based view of strategy sees a firm's success as primarily dependent on:

Describe the way in which a firm might use a balanced scorecard.

The three key perspectives of strategy as a discipline include industry-based, resource-based, and labor-based views.

Which of the following best describes foreign direct investment (FDI) ?

As demonstrated at Samsung, it is easier for Westerners to adapt to Eastern work styles than for Easterners to adapt to Western work styles.

Viewing each country as a unique market and therefore somewhat isolated is known as _________, whereas ___________ sees market integration as subject to some barriers that do not totally insulate those markets.

Part of China's economic growth has been attributed to guanxi, which is:

Having valuable, unique, and hard-to-imitate capabilities may be advantageous in doing business globally. However, what is the problem with trying to maintain that advantage?

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

The word _______has now become the most famous Chinese business word to appear in English-language media.

The Japanese use a formal system of interlocking business groups and relationships, known as guanxi, in determining business strategies.

In discussions of globalization, a case can be made for both extensive cultural integration as well as the promotion of inequality. ​

Overall, strategy is:

When looking at the global economy as a pyramid, MNEs:

The more traditional meaning of global strategy is any strategy outside one's home country.

Viewing each country as a unique market and therefore somewhat isolated is known as _, whereas ___ sees market integration as subject to some barriers that do not totally insulate those markets.

In discussions of globalization, a case can be made for both extensive cultural integration as well as the promotion of inequality.