Exam 11: International Strategic Management

When is a global strategy most appropriate?

________ answers the question, "What do we do exceptionally well, especially as compared to our competitors?"

Which of the following clarifies the organization's purpose, values, and direction?

What are the four basic components of strategy development? Explain the meaning of each component.

Related diversification is the most common corporate strategy.

Hanson Manufacturing, an MNE, has operations in India, Taiwan, China, and Argentina. Since Hanson focuses on the specific domestic market in each location, the firm allows its subsidiaries to customize products and develop marketing campaigns that will appeal to local customers. Hanson most likely uses a ________ strategy.

What are the similarities and differences between the home replication strategy and the global strategy?

A conglomerate refers to firms comprising unrelated businesses.

What are the three types of corporate strategies an MNC might choose to follow?

An abundance of managerial talent, cutting edge technology, and well-known brand names are all examples of firm strengths.

A focus strategy calls for a firm to target specific types of products for certain customer groups or regions.

Executives at Harper Industries are evaluating the firm's international strategy to determine if the current approach is effective. Harper has been using a multidomestic strategy for the last five years. Which of the following statements best supports Harper continuing to use the same strategy?

What are the three levels of international strategy for MNCs?

What are the three sources of competitive advantage that are available to MNCs but unavailable to domestic firms? Identify the four strategic alternatives MNCs use to balance these three sources of competitive advantage.

Sony designs its products with an international market in mind, so the firm most likely uses a ________.

The major objectives the firm wants to accomplish through pursuing a particular course of action are known as tactics.

What strategic approach seeks to achieve local responsiveness and global integration?

Which of the following is one of the components of strategy development?

Functional strategies address issues related to human resources, marketing, operations, and R&D.

A(n) ________ is a systematic collection of data about all elements of the firm's external and internal environments.