Question 1

Effectively implementing the ________ international corporate-level strategy often produces higher performance than does implementing either the _______ or _________ strategies.

Accepted Answer

The transnational international corporate-level strategy involves integrating global operations while also being responsive to local market conditions. This approach typically leads to better performance than implementing only a multidomestic or global strategy, as it allows for a balance between efficiency and adaptation to local markets. The other options listed (cost leadership, differentiation, focus) are not related to international corporate-level strategy.

Question 2

A global strategy

Accepted Answer

A global strategy often lacks responsiveness to local markets because it focuses on standardized products and operations across multiple countries. This can result in a lack of customization that may be needed to meet the unique needs and preferences of consumers in different markets.

Question 3

In addition to the four basic dimensions of Porter's "diamond" model, ____ may also contribute to the success or failure of firms.

Accepted Answer

Government policies and regulations can have a significant impact on the success or failure of firms. For example, favorable tax policies and investment incentives can encourage business growth and innovation, while excessive regulation and bureaucratic red tape can stifle it. Therefore, government policy can be considered as an additional factor in Porter's diamond model.

Question 4

A transnational corporate-level strategy seeks to achieve

Accepted Answer

A transnational corporate-level strategy seeks to balance the need for global efficiency with the need for local responsiveness. This strategy aims to achieve economies of scale and centralized strategic control while also allowing for customization to meet local market demands. Standardization of products across countries may not be possible due to the need for customization, and this strategy goes beyond just seeking economies of scale.

Question 5

Disney suffered lawsuits in France at Disneyland Paris as a result of the lack of fit between its transferred personnel policies and the French employees charged to enact them. This is an example of

Accepted Answer

The situation described pertains to the concept of the liability of foreignness, which refers to the challenges and risks foreign companies face when operating in a host country due to differences in culture, regulations, and other factors. The transfer of HR policies, which were designed for the US context may not be applicable or acceptable in the French legal and cultural context. This mismatch can lead to conflicts with French employees, which can result in legal action against the company.

Question 6

The two important environmental trends that influence a firm's choice and use of international corporate-level strategies are _________ and ____________.

Accepted Answer

The liability of foreignness, which refers to additional costs and risks associated with operating in foreign countries, and regionalization, which refers to the growing importance of regional trading blocs and regional economic integration, are two important environmental trends that influence a firm's choice and use of international corporate-level strategies.

Question 7

All of the following are correct about what managers should know about firms based in a country with a national competitive advantage EXCEPT

Accepted Answer

Success is not guaranteed solely based on implementing a chosen international business-level strategy, even if the firm is based in a country with a national competitive advantage. The actual strategic choices made and the determinants of national competitive advantage both play a role in a firm's success, but there is never a guarantee of success.

Question 8

A multidomestic corporate-level strategy is one in which

Accepted Answer

In a multidomestic corporate-level strategy, the firm customizes the product for each country in which it competes. This allows the firm to adapt to local market demands and preferences, which can increase its competitiveness in each individual market. This approach requires significant resources and decentralization of decision-making, as each market operates independently with localized strategies.

Question 9

A global corporate-level strategy differs from a multidomestic corporate-level strategy in that in a global strategy,

Accepted Answer

The answer of A global corporate-level strategy differs from a...

Question 10

All of the following are international corporate-level strategies EXCEPT the ____ strategy.

Accepted Answer

The three commonly recognized international corporate-level strategies are global, multidomestic, and transnational. The universal strategy is not a commonly recognized international corporate-level strategy.

Question 11

The transnational strategy is becoming increasingly necessary to compete in international markets for all the following reasons EXCEPT

Accepted Answer

The statement mentions the increasing necessity of a transnational strategy to compete in international markets, but it does not mention anything about the ease of using such a strategy. Therefore, option D is not a valid reason for why a transnational strategy is necessary.

Question 12

A global corporate-level strategy assumes

Accepted Answer

A global corporate-level strategy seeks to standardize products across country markets. This is done to achieve economies of scale, reduce production costs and increase efficiency. By standardizing, organizations can also provide similar products and services across different regions or countries.

Question 13

Under industry structural analysis (Chapter 2), ____ rivalry is viewed as detrimental to profitability. Under the model of national advantage (Chapter 8), ____ rivalry is viewed as ____ as it results in competition and surviving firms are able to compete against global rivals.

Accepted Answer

The answer of Under industry structural analysis (Chapter 2), ____...

Question 14

Increasingly, customers worldwide are demanding emphasis on local requirements and companies are needing efficiency as global competition increases. This has triggered an increase in the number of firms using the ____ strategy.

Accepted Answer

The answer of Increasingly, customers worldwide are demanding emphasis on...

Question 15

In China, Starbucks (Chapter 8 Opening Case) is standardizing its operations while simultaneously decentralizing some decision-making responsibility to local levels to meet customers tastes. Starbucks is following the __________ international corporate-level strategy.

Accepted Answer

Starbucks is standardizing its operations, which is a characteristic of a global strategy. However, it is also decentralizing decision-making to meet local customer tastes, which is a characteristic of a multidomestic strategy. Therefore, the best choice for Starbucks' international corporate-level strategy is a transnational strategy, which combines elements of both global and multidomestic strategies.

Question 16

A global corporate-level strategy emphasizes

Accepted Answer

A global corporate-level strategy emphasizes economies of scale by standardizing products and processes across different markets to decrease costs and increase efficiency. This approach allows the company to leverage its size and global reach to negotiate better deals with suppliers and distributors, and to invest in advanced technologies and research and development, which can benefit all markets. Differentiated products (A) may not always be feasible or cost-effective in all markets, while sensitivity to local product preferences (C) is more relevant for companies pursuing a multi-domestic or regional strategy. Decentralizing control and limited monitoring (D) is not advisable for global companies as it can lead to inconsistent quality, compliance, and reputation issues.

Question 17

A multidomestic corporate-level strategy has ____ need for global integration and ____ need for local market responsiveness.

Accepted Answer

A multidomestic corporate-level strategy emphasizes local market responsiveness, meaning that each subsidiary is given autonomy to respond to the specific needs of its local market. However, global integration is not a top priority, as each subsidiary operates independently and there is less focus on standardized processes or products across locations. Therefore, a multidomestic strategy has low need for global integration and high need for local market responsiveness.

Question 18

A large domestic market can provide the country's industries a chance at dominating the world market because

Accepted Answer

The answer of A large domestic market can provide the...

Question 19

International corporate-level strategy focuses on

Accepted Answer

International corporate-level strategy is concerned with the scope of a company's operations across multiple countries, which can include both product and geographic diversification. This allows the company to spread its risks across multiple markets and gain access to new sources of revenue. While economies of scale and sophisticated monitoring and controlling systems may play a role in international corporate-level strategy, they are not the primary focus. Competition within each country is more closely related to the business-level strategy.

Question 20

_______________________ is the set of costs associated with unfamiliar operating environments; economic, administrative and cultural differences; and the challenges of coordination over distances.

Accepted Answer

The concept of "liability of foreignness" refers to the costs that firms face when operating in unfamiliar environments such as economic, administrative, and cultural differences, as well as the challenges of coordinating operations over long distances. This particular set of costs is distinct from other types of international risks, such as political or economic risks. Therefore, the best choice is C.

Quiz 8: Global Strategy

Effectively implementing the ____ international corporate-level strategy often produces higher performance than does implementing either the _ or _______ strategies.

A global strategy

In addition to the four basic dimensions of Porter's "diamond" model, ____ may also contribute to the success or failure of firms.

A transnational corporate-level strategy seeks to achieve

Disney suffered lawsuits in France at Disneyland Paris as a result of the lack of fit between its transferred personnel policies and the French employees charged to enact them. This is an example of

The two important environmental trends that influence a firm's choice and use of international corporate-level strategies are _ and ____.

All of the following are correct about what managers should know about firms based in a country with a national competitive advantage EXCEPT

A multidomestic corporate-level strategy is one in which

A global corporate-level strategy differs from a multidomestic corporate-level strategy in that in a global strategy,

All of the following are international corporate-level strategies EXCEPT the ____ strategy.

The transnational strategy is becoming increasingly necessary to compete in international markets for all the following reasons EXCEPT

A global corporate-level strategy assumes

Under industry structural analysis (Chapter 2) , rivalry is viewed as detrimental to profitability. Under the model of national advantage (Chapter 8) , rivalry is viewed as as it results in competition and surviving firms are able to compete against global rivals.

Increasingly, customers worldwide are demanding emphasis on local requirements and companies are needing efficiency as global competition increases. This has triggered an increase in the number of firms using the ____ strategy.

In China, Starbucks (Chapter 8 Opening Case) is standardizing its operations while simultaneously decentralizing some decision-making responsibility to local levels to meet customers tastes. Starbucks is following the __________ international corporate-level strategy.

A global corporate-level strategy emphasizes

A multidomestic corporate-level strategy has need for global integration and need for local market responsiveness.

A large domestic market can provide the country's industries a chance at dominating the world market because

International corporate-level strategy focuses on

_______________________ is the set of costs associated with unfamiliar operating environments; economic, administrative and cultural differences; and the challenges of coordination over distances.

Quiz 8: Global Strategy

Effectively implementing the ________ international corporate-level strategy often produces higher performance than does implementing either the _______ or _________ strategies.

A global strategy

In addition to the four basic dimensions of Porter's "diamond" model, ____ may also contribute to the success or failure of firms.

A transnational corporate-level strategy seeks to achieve

Disney suffered lawsuits in France at Disneyland Paris as a result of the lack of fit between its transferred personnel policies and the French employees charged to enact them. This is an example of

The two important environmental trends that influence a firm's choice and use of international corporate-level strategies are _________ and ____________.

All of the following are correct about what managers should know about firms based in a country with a national competitive advantage EXCEPT

A multidomestic corporate-level strategy is one in which

A global corporate-level strategy differs from a multidomestic corporate-level strategy in that in a global strategy,

All of the following are international corporate-level strategies EXCEPT the ____ strategy.

The transnational strategy is becoming increasingly necessary to compete in international markets for all the following reasons EXCEPT

A global corporate-level strategy assumes

Under industry structural analysis (Chapter 2) , ____ rivalry is viewed as detrimental to profitability. Under the model of national advantage (Chapter 8) , ____ rivalry is viewed as ____ as it results in competition and surviving firms are able to compete against global rivals.

Increasingly, customers worldwide are demanding emphasis on local requirements and companies are needing efficiency as global competition increases. This has triggered an increase in the number of firms using the ____ strategy.

In China, Starbucks (Chapter 8 Opening Case) is standardizing its operations while simultaneously decentralizing some decision-making responsibility to local levels to meet customers tastes. Starbucks is following the __________ international corporate-level strategy.

A global corporate-level strategy emphasizes

A multidomestic corporate-level strategy has ____ need for global integration and ____ need for local market responsiveness.

A large domestic market can provide the country's industries a chance at dominating the world market because

International corporate-level strategy focuses on

_______________________ is the set of costs associated with unfamiliar operating environments; economic, administrative and cultural differences; and the challenges of coordination over distances.

Effectively implementing the ____ international corporate-level strategy often produces higher performance than does implementing either the _ or _______ strategies.

The two important environmental trends that influence a firm's choice and use of international corporate-level strategies are _ and ____.

Under industry structural analysis (Chapter 2) , rivalry is viewed as detrimental to profitability. Under the model of national advantage (Chapter 8) , rivalry is viewed as as it results in competition and surviving firms are able to compete against global rivals.

A multidomestic corporate-level strategy has need for global integration and need for local market responsiveness.