Question 1

A global strategy

Accepted Answer

A global strategy involves standardized products and marketing across all countries, which may result in a lack of responsiveness to local markets. While it may achieve efficient operations, it also requires the sharing of resources across country boundaries and can present risks as decision-making is centralized at the home office.

Question 2

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 3

_______________________ 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 term "liability of foreignness" refers to the costs and disadvantages that companies encounter when operating in unfamiliar countries, including economic, administrative, cultural differences, and distance coordination.

Question 4

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

Accepted Answer

The multidomestic strategy focuses on adapting to the specific needs and preferences of each local market, which requires high local market responsiveness. However, it does not prioritize global integration as much, as each market may require different products, services, or approaches. Therefore, the answer is low need for global integration and high need for local market responsiveness, which is option B.

Question 5

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

Accepted Answer

According to the text, effectively implementing the transnational international corporate-level strategy often produces higher performance than does implementing either the multidomestic or global strategies.

Question 6

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 given scenario is an example of the liability of foreignness, where a company from one country faces difficulties when entering a new market due to its lack of knowledge about local norms, laws, and regulations. In this case, Disney faced lawsuits in France as its transferred personnel policies did not align with the French employees' expectations and working conditions. This highlights the importance of understanding local cultures and practices while operating in a foreign market.

Question 7

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

Accepted Answer

The multidomestic, global, and transnational strategies are all international corporate-level strategies. The universal strategy is not a recognized strategy in the field of international business.

Question 8

A transnational corporate-level strategy seeks to achieve

Accepted Answer

A transnational corporate-level strategy seeks to balance the benefits of global efficiency and local responsiveness. This means that companies try to achieve economies of scale and centralized strategic control, while at the same time customizing their products and services to meet local market demands. Standardization of products across countries may limit a company's ability to cater to local preferences, and so it is not as desirable as a transnational approach.

Question 9

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 cannot be guaranteed solely by implementing a chosen international business-level strategy. While the determinants of national competitive advantage do provide a foundation for a firm's competitive advantages, the actual strategic choices made by the firm are the most compelling reasons for success or failure. It is important for managers to understand this so they can make informed decisions about their firms' strategies in relation to the national context in which they operate.

Question 10

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 11

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 policy can have a significant impact on the success or failure of firms. This can include policies related to taxation, trade agreements, regulations, and other factors that can either support or hinder business operations. The other options, such as national work ethic, educational requirements, and national pride, may also play a role in determining the competitiveness of firms in certain industries or regions, but they are not as directly tied to the four basic dimensions of Porter's diamond model.

Question 12

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

Accepted Answer

The two important environmental trends that influence a firm's choice and use of international corporate-level strategies are liability of foreignness and regionalization. Liability of foreignness refers to the additional costs and risks that firms face when operating in unfamiliar cultural, legal, and economic environments. Regionalization refers to the trend of economic integration and cooperation within geographic regions, which can present both opportunities and challenges for firms operating internationally. Therefore, option D is the correct answer.

Question 13

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

Accepted Answer

The statement "it is easy to use" is not a valid reason for the need for a transnational strategy. The other options, such as the need to keep costs down, adapt to local environments, and meet consumer needs, all highlight the importance of having a transnational strategy in order to compete in international markets.

Question 14

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

A transnational strategy combines elements of global standardization with local customization to meet both global and local needs. In this case, Starbucks is standardizing its operations (global standardization) while also decentralizing decision-making to local levels to cater to local tastes (local customization). Therefore, the best choice is A) transnational.

Question 15

A global corporate-level strategy assumes

Accepted Answer

A global corporate-level strategy assumes more standardization of products across country markets in order to achieve economies of scale and cost efficiencies. This means that the company aims to offer the same products or services in multiple countries rather than customizing them for each market. This approach can be challenging due to cultural and market differences, but it allows for greater efficiency and cost savings.

Question 16

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

In industry structural analysis, high rivalry is detrimental to profitability as it increases competition and reduces margins. In the model of national advantage, high rivalry is beneficial as it drives innovation and efficiency, enabling firms to compete globally.

Question 17

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 18

A global corporate-level strategy emphasizes

Accepted Answer

A global corporate-level strategy emphasizes economies of scale, which involves leveraging the company's size to drive down costs and increase efficiencies. This can involve centralizing certain functions such as production and marketing, and standardizing products and processes across different geographic locations. Differentiated products and sensitivity to local product preferences may be more relevant for a multi-domestic strategy, while decentralizing control and limited monitoring is not typically associated with a global strategy.

Question 19

A multidomestic corporate-level strategy is one in which

Accepted Answer

A multidomestic corporate-level strategy involves customizing the product for each country in which the firm competes. This allows the company to meet the unique needs and preferences of customers in each market, which can help it gain a competitive advantage. It also means that the company must have a decentralized structure, with significant autonomy given to local subsidiaries to make decisions and tailor their operations to the specific market they are serving.

Question 20

International corporate-level strategy focuses on

Accepted Answer

International corporate-level strategy involves expanding the scope of operations through diversification in both product and geography. This strategy enables companies to achieve economies of scale, increase market share, and hedge against market risks. Competition within each country and the sophistication of monitoring and controlling systems are factors that are more relevant for domestic or operational-level strategies.

Quiz 8: International Strategy

A global strategy

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.

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

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

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

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

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

A transnational corporate-level strategy seeks to achieve

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

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

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

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

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 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.

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

A global corporate-level strategy emphasizes

A multidomestic corporate-level strategy is one in which

International corporate-level strategy focuses on

Quiz 8: International Strategy

A global strategy

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.

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

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

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

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

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

A transnational corporate-level strategy seeks to achieve

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

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

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

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

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 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.

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

A global corporate-level strategy emphasizes

A multidomestic corporate-level strategy is one in which

International corporate-level strategy focuses on

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

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.