Exam 11: International Strategic Management

Which of the following would most likely be initiated through an environmental scan?

Which of the following situations does not indicate a low need for global integration?

What is a control framework?

What are the four basic components of strategy development?

Parker Sportswear is an MNE with retail stores around the world. Parker views itself as a collection of relatively independent operating subsidiaries, each of which focuses on a specific domestic market. Parker most likely uses a ________ strategy.

In ________, the firm develops the tactics for achieving the formulated international strategies.

With the home replication strategy ________.

The compatibility of software programs with the Windows operating system is an example of Microsoft's ________.

The goal of ________ is to create a situation where the whole is greater than the sum of the parts.

When managers develop, refine, and agree on which markets to enter or exit and how to best compete in each, the managers are engaged in the strategy ________ process.

JBX Automobiles, a global firm, builds factories to serve more than one country and lower the MNE's production costs. JBX Automobiles most likely benefits from ________.

________ require(s) the transfer of information and experiences from the parent to each subsidiary, from each subsidiary to the parent, and among subsidiaries.

Garmin Footwear, an MNE, establishes facilities anywhere in the world that yields the lowest production or distribution costs. Garmin most likely benefits from ________.

What is the difference between an overall cost leadership strategy and a focus strategy? Provide examples of firms that use each type of strategy.

A control framework is the set of managerial and organizational processes that keep the firm moving toward its strategic goals.

The three basic forms of business strategy are differentiation, overall cost leadership, and focus.

The primary goal of a(n) ________ is the creation of standardized goods and services that will address the needs of customers worldwide.

Firms that use a related diversification strategy are more vulnerable to economic threats than firms using a single-business strategy.

Which term was developed by Michael Porter to describe the firm's important activities, such as production, marketing, and HR management?

________ answers the question, "How can different elements of our business benefit each other?"