Exam 9: Strategic Planning

______ has become a major asset in business,which partially explains the many mergers and acquisitions in industries such as aerospace and pharmaceuticals.

Sidney works for a company whose products are customized to the domestic market,where pressures to globalize in the industry are high. Sidney's company has decided to sell out to a global player.This is an example of which of these?

A(n)________ is a local company that has assets that give it a competitive advantage only in its home market.

________ are tools that have been proposed for use in market and competitive analysis,which typically involve internal strength and external attractiveness measures.

Carlyle,an American manager for a Japanese company,is highly critical of decisions coming from the headquarters in Japan,citing that these are "not applicable to the American culture". Carlyle's behavior can best be described as:

On a global basis,both external and internal factors are responsible for creating favorable conditions for development of strategy and resource allocation on a global basis.

The role of headquarters staff should be that of coordination and leveraging the resources of the corporation.

__________ are newer companies with sales between 200 million and 1 billion that are able to serve the world from a handful of manufacturing bases.

Compare and contrast the competitive strategies of cost leadership,differentiation,and focus. What types of strategies are popular for global companies?

Which of the following strategies would be the best approach for avoiding the not-invented-here-syndrome?

Which type of local company has assets that are transferable,allowing it to compete head-on with established global players worldwide?

________ is the increased mobility of goods,services,labor,technology,and capital throughout the world.

The increased mobility of goods,services,labor,technology,and capital throughout the world refers to:

__________ involves providing a single point of contact for domestic and international operations and consistent worldwide service.

In competitive advantage through ________,a company works to achieve absolute economies through international specialization.

________ is the ability to obtain what one wants through co-option and attraction.

Alerta Security Systems has won "Most Innovative Security System of the Year" awards for five years running. These award-winning security systems are likely marketed using which competitive strategy?

Mininationals are newly founded firms that,from their inception,are established as international businesses.

Describe the four primary globalization drivers in international business.

Globalization calls for what type of authority?