Exam 11: The Strategy of International Business

Which of the following is the best example of a product disruption driving industry change?

Firms that compete in the global marketplace typically face the asymmetric forces of pressures for ________ and ________.

Johnson & Johnson delegates to its subsidiaries a great deal of authority to respond to local conditions. Many subsidiaries have their own manufacturing,marketing,research,and human resource functions. This value chain configuration illustrates the ________ strategy.

Describe the pressures for local responsiveness that international companies face.

Pressures for local responsiveness include cross-national differences in terms of consumer preferences,advances in technology,and government regulations.

Which of the following is the purpose of a company's value proposition?

Successful implementation of a(n)________ strategy requires a company to develop unique competencies that rivals find hard,if not impossible,to match or copy.

A global strategy tends to be more successful when ________.

Johnson Enterprises manufactures computer chips used in cell phones. The MNE has long production runs that lower the per unit cost of each chip. The firm also purchases materials in bulk from its suppliers with whom Johnson has long-term contracts. Johnson is most likely benefiting from ________.

Social network analysis indicates that information flows more efficiently in a(n)________ manner.

Discuss the characteristics of international,multidomestic,global,and transnational strategies. Include situations and a specific example in which each strategy would be most appropriate.

The industry organization (IO)paradigm reports that,on average,the best predictor of firm strategy is the ________.

Which of the following is NOT a disadvantage of the international strategy?

Which of the following statements about Zara is most likely FALSE?

An MNE in which new knowledge and capabilities are developed in both domestic and foreign locations,both independently and jointly,and then diffused throughout the worldwide organization,is following a ________ strategy.

Which of the following would most likely pressure an MNE to globally integrate its value activities?

When the pressure for global integration is high and the pressure for local responsiveness is low,a company is most likely to pursue a(n)________ strategy.

Dispersing value activities where and in how many places in the world is the issue of ________.

Pressures for local responsiveness are especially important in industries where value creation is a function of a company's capacity to adapt to local market conditions.

Markets are not always perfectly competitive and some firms consistently outperform industry averages. This suggests that firm performance is also influenced by the presence of bright,motivated managers and their keen sense of innovative products or processes.