Question 1

______ can be thought of as integration in virtually every sphere, achieved principally through international diversification of goods, services and processes across borders.

Accepted Answer

The definition given in the statement matches with the concept of globalization. The other options such as generalization, geographical integration and Americanization do not fit the definition provided.

Question 2

The International Monetary Fund, in defining globalization, does NOT pay particular attention to which factor:

Accepted Answer

The International Monetary Fund's definition of globalization focuses on the interconnectedness and integration of economies through trade, financial flows, and technology across international borders, but does not specifically mention domestic growth. The movement of people is also highlighted in their definition.

Question 3

Globalization involves increasing relations among:

Accepted Answer

Globalization involves increasing relations not only among people, but also among objects and places. It refers to the interconnectedness and interdependence of different parts of the world in terms of economic, cultural, social, and political exchange. Therefore, option D - all of these - is the best choice.

Question 4

It is generally agreed that globalization:

Accepted Answer

Globalization involves intensifying social relations over greater distances, linking previously separated peoples and locales, and transforming the spatial and temporal organization of social relations and transactions. Therefore, all of these options are correct.

Question 5

Which of the following erects obstacles and barriers to globalization?

Accepted Answer

All of these erect obstacles and barriers to globalization. States and governments may impose tariffs, trade restrictions, and other regulations on imports and exports. Industrial players may lobby for protectionist measures that benefit their specific industries. Trade unions may resist outsourcing and job loss associated with globalization.

Question 6

Globalization is often associated with:

Accepted Answer

Globalization involves the spread of ideas, values, and products across national borders, leading to an increased interconnectedness between different countries and cultures. However, as a result of globalization, western ideas and values have gained prominence, leading to concerns about westernization. Similarly, American culture, particularly in terms of popular media, has a significant global presence, leading to concerns about Americanization. Finally, the increased interconnectedness and flow of ideas can lead to a homogenization of cultural practices and traditions, particularly in areas such as food, fashion, and entertainment. Therefore, all of these choices are associated with globalization.

Question 7

Americanization refers to:

Accepted Answer

Americanization refers to the influence of American culture on the culture of other countries. While the rise in popularity of American brands and the increase in American corporations entering into cross-border mergers and acquisitions may be manifestations of Americanization, they are not the definition of the term itself.

Question 8

Globalization is:

Accepted Answer

Globalization is a process that has been occurring for centuries, with significant developments in the 19th, 20th, and continuing into the 21st century. It involves the increasing interaction and integration of people, companies, and governments worldwide.

Question 9

Foreign Direct Investment (FDI) involves ______.

Accepted Answer

Foreign Direct Investment (FDI) involves investment by a company based in one country in a company based in another country. This can include acquisitions, mergers, or setting up new subsidiaries or joint ventures. It is different from buying shares in foreign companies listed on a stock exchange, cross-border trade relations through exports and/or licensing agreements, and the exploitation of less developed countries by Western firms.

Question 10

What does glocalization mean?

Accepted Answer

Glocalization refers to the process of globalization adapting to and incorporating local cultures and values, resulting in a hybridization of the global and local. Therefore, choice D "hybridization of globalization and localization" best describes glocalization.

Question 11

Glocal strategies are followed by organizations that seek to go global by:

Accepted Answer

Glocal strategies involve balancing both global and local considerations, and entering into some form of local relationship with organizations in another country is a key aspect of this approach. Copying what organizations in other countries do or allowing themselves to be taken over by companies from other countries may not necessarily involve a strong emphasis on local relationships and may not be the best approach for achieving glocal success.

Question 12

What is the name given to firms that defy the conventional wisdom that it is necessary to have evolved into a large firm to internationalize?

Accepted Answer

The name given to firms that defy the conventional wisdom that it is necessary to have evolved into a large firm to internationalize is "born global" firms. These are firms that are international from their inception, rather than gradually evolving into international firms over time.

Question 13

Which of the following factors are identified as contributing to the phenomenon of firms being 'born global':

Accepted Answer

All three factors - increasingly global market conditions, new developments in transportation and communication technologies, and an increase in the available number of people with international experience - have contributed to the phenomenon of firms being 'born global'.

Question 14

Which of the following are examples of companies that were global almost from the outset?

Accepted Answer

Facebook was designed as a global platform from its inception, quickly expanding beyond Harvard to other universities and eventually to the general public worldwide.

Question 15

Which of the following is NOT a distinctive characteristic of born-global firms, according to Tanev?

Accepted Answer

The answer of Which of the following is NOT a...

Question 16

Which of the following contributes to the growth of born global enterprises, according to Tanev?

Accepted Answer

According to Tanev, all three factors - universities as anchor points, small home market, and demanding local clients - contribute to the growth of born global enterprises.

Question 17

What does OLI stand for in Dunning's framework, according to which all three aspects must be present for an MNE to appear?

Accepted Answer

Dunning's framework is called the OLI framework, which stands for ownership, location, and internalization. All three aspects must be present for an MNE to appear. Choice B, C, and D do not accurately reflect Dunning's framework.

Question 18

Which of the following is NOT a model of global strategy promulgated in the international business literature?

Accepted Answer

The answer of Which of the following is NOT a...

Question 19

Which of the following are potential drawbacks of a decentralized federation structure, where a parent company establishes different national subsidiaries?

Accepted Answer

All of these are potential drawbacks of a decentralized federation structure where a parent company establishes different national subsidiaries. Local relevance-based decision making may not always serve the interests of the center (A), duplication of effort and cost inefficiencies will arise as each periphery replicates functions locally (B), and subsidiaries may resist innovations due to competition among themselves, leading to a lack of cohesive innovation strategies for the federation (C).

Question 20

A matrix organization is:

Accepted Answer

A matrix organization is a type of business structure that combines traditional departmental boundaries with cross-functional teams, allowing for more flexibility and dynamic collaboration. It is not based on the movie "The Matrix," modelled on a beehive, or inherently deceptive ("not what it seems").

Quiz 7: Strategy Going Global

______ can be thought of as integration in virtually every sphere, achieved principally through international diversification of goods, services and processes across borders.

The International Monetary Fund, in defining globalization, does NOT pay particular attention to which factor:

Globalization involves increasing relations among:

It is generally agreed that globalization:

Which of the following erects obstacles and barriers to globalization?

Globalization is often associated with:

Americanization refers to:

Globalization is:

Foreign Direct Investment (FDI) involves ______.

What does glocalization mean?

Glocal strategies are followed by organizations that seek to go global by:

What is the name given to firms that defy the conventional wisdom that it is necessary to have evolved into a large firm to internationalize?

Which of the following factors are identified as contributing to the phenomenon of firms being 'born global':

Which of the following are examples of companies that were global almost from the outset?

Which of the following is NOT a distinctive characteristic of born-global firms, according to Tanev?

Which of the following contributes to the growth of born global enterprises, according to Tanev?

What does OLI stand for in Dunning's framework, according to which all three aspects must be present for an MNE to appear?

Which of the following is NOT a model of global strategy promulgated in the international business literature?

Which of the following are potential drawbacks of a decentralized federation structure, where a parent company establishes different national subsidiaries?

A matrix organization is: