Question 1

When looking at globalization,many executives,policymakers,and scholars:

Accepted Answer

Many executives, policymakers, and scholars fail to consider the negative social, political, and environmental impacts of globalization, such as exploitation of labor and resources, loss of cultural identity, and exacerbation of inequality. While some may still see benefits in globalization, it is important to recognize and address the costs in order to create a more sustainable and equitable global system.

Question 2

The _______ view primarily focuses on the ______ in a SWOT analysis.

Accepted Answer

The answer of The _______ view primarily focuses on the...

Question 3

The current era of globalization originated in the aftermath of:

Accepted Answer

The current era of globalization began after World War II, when countries began to rebuild and trade with one another in an effort to boost their economies. This led to increased international cooperation and the creation of organizations such as the United Nations and the World Trade Organization.

Question 4

"Global strategy" refers to:

Accepted Answer

Global strategy encompasses all the given options: it involves theories on competition, offering standardized products globally, and strategies employed by various firms worldwide to compete successfully.

Question 5

​In looking at strategy,the authors address all of the following questions EXCEPT:

Accepted Answer

The authors do address why firms differ, how they behave, and what determines their scope. They do not question whether strategy is necessary in business.

Question 6

​In determining the success and failure of firms around the globe,strategic managers will look at :

Accepted Answer

Strategic managers will focus on acquiring, leveraging, and sustaining competitive advantage over time as this is the key to a firm's success. They need to constantly analyze and evaluate their resources, capabilities, and environment to determine the best strategies for achieving this. Option B is also important but is more of an analytical tool to assess different types of practices across industries. Option C is not always feasible or desirable as different markets may require customized products and services. Option D is too narrow and not applicable to all industries.

Question 7

​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

The answer of ​Viewing each country as a unique market...

Question 8

Globalization is viewed as:

Accepted Answer

Globalization is seen as a multifaceted phenomenon. It is not just a recent trend but has historical roots extending back through human history, evolving over time. Additionally, it can be characterized by periods of intense globalization followed by periods of retreat, hence the metaphor of a pendulum swinging between extremes.

Question 9

​The values and beliefs about globalization held by the general public are:

Accepted Answer

The answer of ​The values and beliefs about globalization held...

Question 10

Which of the following was the first to express concern about international competition from low-cost countries?

Accepted Answer

The first-century Roman emperor, Tiberius, expressed concern about competition from silk produced in China, which was cheaper than Roman-produced silk.

Question 11

​When reviewing the diversity of management practices around the world,the quality of management practices:

Accepted Answer

Studies have shown that there is a positive correlation between the level of economic development of a country and the quality of its management practices. This suggests that as countries become more economically developed, their management practices tend to improve. Size of firm, economic development of markets, and formal structures may also influence the quality of management practices, but they are not the primary factor. Interpersonal relationships among managers and the assessment of external opportunities and threats may also play a role, but they are not as closely related to the overall quality of management practices worldwide.

Question 12

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

Accepted Answer

In an institution-based view of strategy, it is important for firms to understand the informal rules of the game. These informal rules are the norms, values, and beliefs that shape the behavior of individuals and organizations within a particular context. Understanding these informal rules can help firms navigate the local business environment and develop effective strategies. While formal rules may be important, they cannot fully capture the nuances and complexities of the local business environment. Therefore, firms must be able to adapt to both formal and informal rules to succeed in a particular context.

Question 13

​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

The practice of employing a network form of supplier management in Japan is known as Keiretsu. This practice involves forming long-term partnerships with suppliers and creating a network of companies with interlocking business relationships. This differs from the Western practice of using costly acquisitions to gain control over suppliers.

Question 14

Diversification:

Accepted Answer

This choice accurately reflects the misconception held by some in the Western media that diversification destroys value in emerging economies.

Question 15

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

Accepted Answer

According to the resource-based view of strategy, a firm's success is primarily dependent on its strengths and weaknesses. This approach focuses on the firm's internal resources, capabilities and competencies, including its human capital, technology, knowledge and skills. By leveraging these resources and developing unique capabilities, a firm can create a sustainable competitive advantage and outperform its rivals. The resource-based view contrasts with the external or market-based view, which emphasizes the impact of the industry structure, competitive forces, and environmental factors on a firm's performance.

Question 16

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

Accepted Answer

Guanxi refers to the interpersonal networks and relationships that are key to doing business in China. It involves building trust and strong connections with others in order to achieve mutual benefits and success. This has been a significant factor in China's economic growth, as it has facilitated business transactions and opportunities.

Question 17

​What is the difference between developed economies and emerging economies? Give examples of countries that would be consider to have developed economies and those that have emerging economies.

Accepted Answer

The answer of ​What is the difference between developed economies...

Question 18

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 19

​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.Explain...

Question 20

​For those who view globalization as a "pendulum," the practice of _________________ to identify and assess as well as minimize the effects of unfortunate events is important.

Accepted Answer

Risk management is the process of identifying potential risks and taking measures to minimize their impact. As globalization brings about greater interconnectedness and interdependence, the potential for unforeseen events to have far-reaching consequences increases. Thus, risk management becomes an essential tool for businesses and governments seeking to navigate the global landscape. Choices B, C, and D do not directly address the need to manage risk in a globalized context.

Quiz 1: Strategizing Around the Globe

When looking at globalization,many executives,policymakers,and scholars:

The _ view primarily focuses on the in a SWOT analysis.

The current era of globalization originated in the aftermath of:

"Global strategy" refers to:

In looking at strategy,the authors address all of the following questions EXCEPT:

In determining the success and failure of firms around the globe,strategic managers will look at :

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.

Globalization is viewed as:

The values and beliefs about globalization held by the general public are:

Which of the following was the first to express concern about international competition from low-cost countries?

When reviewing the diversity of management practices around the world,the quality of management practices:

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

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:

Diversification:

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

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

What is the difference between developed economies and emerging economies? Give examples of countries that would be consider to have developed economies and those that have emerging economies.

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

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

For those who view globalization as a "pendulum," the practice of _________________ to identify and assess as well as minimize the effects of unfortunate events is important.

Quiz 1: Strategizing Around the Globe

When looking at globalization,many executives,policymakers,and scholars:

The _______ view primarily focuses on the ______ in a SWOT analysis.

The current era of globalization originated in the aftermath of:

"Global strategy" refers to:

​In looking at strategy,the authors address all of the following questions EXCEPT:

​In determining the success and failure of firms around the globe,strategic managers will look at :

​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.

Globalization is viewed as:

​The values and beliefs about globalization held by the general public are:

Which of the following was the first to express concern about international competition from low-cost countries?

​When reviewing the diversity of management practices around the world,the quality of management practices:

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

​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:

Diversification:

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

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

​What is the difference between developed economies and emerging economies? Give examples of countries that would be consider to have developed economies and those that have emerging economies.

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

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

​For those who view globalization as a "pendulum," the practice of _________________ to identify and assess as well as minimize the effects of unfortunate events is important.

The _ view primarily focuses on the in a SWOT analysis.

In looking at strategy,the authors address all of the following questions EXCEPT:

In determining the success and failure of firms around the globe,strategic managers will look at :

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.

The values and beliefs about globalization held by the general public are:

When reviewing the diversity of management practices around the world,the quality of management practices:

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

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

What is the difference between developed economies and emerging economies? Give examples of countries that would be consider to have developed economies and those that have emerging economies.

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

For those who view globalization as a "pendulum," the practice of _________________ to identify and assess as well as minimize the effects of unfortunate events is important.