Exam 11: International Strategic Management

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

What is the purpose of conducting a SWOT analysis? As an international manager, how would you conduct a SWOT analysis? How would you use the gathered information?

Functional strategies address issues related to human resources, marketing, operations, and research and development.

A firm following the ________ views the world as a single marketplace.

A differentiation strategy is not a commonly used business strategy.

One advantage of the transnational strategy is that it automatically centralizes or decentralizes authority.

________ is a comprehensive and ongoing management planning process aimed at formulating and implementing strategies that enable a firm to compete effectively internationally.

General Electric owns NBX, a semiconductor manufacturer, and an investment bank. General Electric is following a focus strategy.

IKEA attempts to capture global efficiencies while remaining responsive to local conditions. IKEA follows a(n) ________.

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

________ are comprehensive frameworks for achieving a firm's fundamental goals.

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.

What form of efficiency did Mercedes-Benz capture by initially producing its sport utility vehicle only in Alabama?

A business strategy focuses on the overall organization, while a corporate strategy focuses on subsidiaries.

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

Mercedes-Benz relies on its brand name and reputation for well-engineered, luxurious cars to succeed in foreign markets. Mercedes-Benz is most likely using the ________ strategy.

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.

________ occur(s) when firms build factories that serve more than one country and lower their production costs.

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

The low cost of coordinating the operations of related divisions is a primary advantage of related diversification.