Question 1

The primary thrust of internal resource analysis is to match internal opportunities with external capabilities.

Accepted Answer

A) True 
 B)False

Question 2

While selecting a geographic location to operate in,manufacturers often set up operations in urban areas.

Accepted Answer

A) True 
 B)False

Question 3

When the need for national responsiveness is high and the need for global integration is low,a(n)_____ strategy is appropriate.

Accepted Answer

A)  transnational 
B)  multi-domestic 
C)  international 
D)  global 
A)  transnational 
B)  multi-domestic 
C)  international 
D)  global

Question 4

Which of the following statements about the Internet business is false?

Accepted Answer

A)  It has removed certain entry barriers that have historically restricted quick market entry. 
B)  It provides one of the easiest and most efficient methods of becoming global quickly. 
C)  It provides a more diverse customer base than building-based businesses. 
D)  It experiences more problems than "bricks and mortar" business during times of financial crises. 
A)  It has removed certain entry barriers that have historically restricted quick market entry. 
B)  It provides one of the easiest and most efficient methods of becoming global quickly. 
C)  It provides a more diverse customer base than building-based businesses. 
D)  It experiences more problems than "bricks and mortar" business during times of financial crises.

Question 5

Describe the difference between global integration and national responsiveness.What is the principle advantage of each strategy?

Accepted Answer

Global integration is the production and

Question 6

Which of the following statements is true of the technological learning gained from varied international environments?

Accepted Answer

A)  It is enhanced by efforts to integrate knowledge throughout a firm. 
B)  It results in a deterioration of growth and return on equity. 
C)  It leads to minimal diversity of national environments. 
D)  It has no effect on cross-functional teams. 
A)  It is enhanced by efforts to integrate knowledge throughout a firm. 
B)  It results in a deterioration of growth and return on equity. 
C)  It leads to minimal diversity of national environments. 
D)  It has no effect on cross-functional teams.

Question 7

_____ are firms that engage in significant international activity shortly after being established.

Accepted Answer

A)  Greenfield ventures 
B)  Born globals 
C)  Sole proprietorships 
D)  Matrix organizations 
A)  Greenfield ventures 
B)  Born globals 
C)  Sole proprietorships 
D)  Matrix organizations

Question 8

There is definitive evidence that strategic planning in the international arena always results in higher profitability.

Accepted Answer

A) True 
 B)False

Question 9

Why do multinational corporations often invest in advanced industrialized countries?

Accepted Answer

A)  They offer the largest markets for goods and services. 
B)  The control of operations is in the hands of local partners in these countries. 
C)  They do not have any legal restrictions related to imports. 
D)  The cost of doing business in these countries is significantly less. 
A)  They offer the largest markets for goods and services. 
B)  The control of operations is in the hands of local partners in these countries. 
C)  They do not have any legal restrictions related to imports. 
D)  The cost of doing business in these countries is significantly less.

Question 10

The approach to strategic formulation and implementation utilizing strategies of total quality management to meet or exceed customers' expectations and continuously improve products and/or services is referred to as the:

Accepted Answer

A)  value-added imperative. 
B)  quality imperative. 
C)  political imperative. 
D)  economic imperative. 
A)  value-added imperative. 
B)  quality imperative. 
C)  political imperative. 
D)  economic imperative.

Question 11

Citibank is an example of a company that finds operating in China to be too risky.

Accepted Answer

A) True 
 B)False

Question 12

The process of determining an organization's basic mission and long-term objectives and then implementing a plan of action for attaining these objectives is called:

Accepted Answer

A)  strategic management. 
B)  tactical management. 
C)  contingency management. 
D)  functional management. 
A)  strategic management. 
B)  tactical management. 
C)  contingency management. 
D)  functional management.

Question 13

Multinational corporations using the _____ approach to strategic planning are country-responsive; their approach is designed to protect local market niches.

Accepted Answer

A)  administrative coordination 
B)  economic imperative 
C)  quality imperative 
D)  political imperative 
A)  administrative coordination 
B)  economic imperative 
C)  quality imperative 
D)  political imperative

Question 14

Many large multinational corporations work to combine the _____ approaches to strategic planning.

Accepted Answer

A)  economic, environmental, political, and administrative 
B)  global, environmental, economic, and quality 
C)  political, administrative, regional, and environmental 
D)  economic, political, quality, and administrative 
A)  economic, environmental, political, and administrative 
B)  global, environmental, economic, and quality 
C)  political, administrative, regional, and environmental 
D)  economic, political, quality, and administrative

Question 15

The _____ approach to strategic planning is used by multinational corporations that need a country-centered or multi-domestic strategy.

Accepted Answer

A)  quality imperative 
B)  administrative coordination 
C)  political imperative 
D)  economic imperative 
A)  quality imperative 
B)  administrative coordination 
C)  political imperative 
D)  economic imperative

Question 16

Which of the following statements is true of strategic management?

Accepted Answer

A)  Middle management is responsible for setting the strategy in most organizations. 
B)  All levels of management are imperative to the strategic implementation process. 
C)  Formulating an organization's vision statement is the core motive of strategic management. 
D)  As companies go international, the need for strategic management decreases. 
A)  Middle management is responsible for setting the strategy in most organizations. 
B)  All levels of management are imperative to the strategic implementation process. 
C)  Formulating an organization's vision statement is the core motive of strategic management. 
D)  As companies go international, the need for strategic management decreases.

Question 17

What is the purpose of internal resource analysis? In the context of internal resource analysis,what is a "key success factor"?

Accepted Answer

Internal resource analysis helps a firm

Question 18

Total quality management techniques range from traditional inspection and statistical quality control to cutting-edge human resource management techniques,such as:

Accepted Answer

A)  market share and profitability 
B)  customer service and quality control 
C)  self-managing teams and empowerment 
D)  imports and exports 
A)  market share and profitability 
B)  customer service and quality control 
C)  self-managing teams and empowerment 
D)  imports and exports

Question 19

Firms that internationalize after being domestically established have to overcome all of the following barriers except:

Accepted Answer

A)  their domestic orientation. 
B)  their internal domestic political ties. 
C)  their domestic decision-making inertia. 
D)  their anti-risk seeking behavior. 
A)  their domestic orientation. 
B)  their internal domestic political ties. 
C)  their domestic decision-making inertia. 
D)  their anti-risk seeking behavior.

Question 20

In the context of strategy formulation,which of the following identifies the key factors for success that will dictate how well the firm is likely to do?

Accepted Answer

A)  Regression analysis 
B)  Internal analysis 
C)  Competitive analysis 
D)  Power analysis 
A)  Regression analysis 
B)  Internal analysis 
C)  Competitive analysis 
D)  Power analysis

The primary thrust of internal resource analysis is to match internal opportunities with external capabilities.

While selecting a geographic location to operate in,manufacturers often set up operations in urban areas.

When the need for national responsiveness is high and the need for global integration is low,a(n)_____ strategy is appropriate.

Which of the following statements about the Internet business is false?

Describe the difference between global integration and national responsiveness.What is the principle advantage of each strategy?

Which of the following statements is true of the technological learning gained from varied international environments?

_____ are firms that engage in significant international activity shortly after being established.

There is definitive evidence that strategic planning in the international arena always results in higher profitability.

Why do multinational corporations often invest in advanced industrialized countries?

The approach to strategic formulation and implementation utilizing strategies of total quality management to meet or exceed customers' expectations and continuously improve products and/or services is referred to as the:

Citibank is an example of a company that finds operating in China to be too risky.

The process of determining an organization's basic mission and long-term objectives and then implementing a plan of action for attaining these objectives is called:

Multinational corporations using the _____ approach to strategic planning are country-responsive; their approach is designed to protect local market niches.

Many large multinational corporations work to combine the _____ approaches to strategic planning.

The _____ approach to strategic planning is used by multinational corporations that need a country-centered or multi-domestic strategy.

Which of the following statements is true of strategic management?

What is the purpose of internal resource analysis? In the context of internal resource analysis,what is a "key success factor"?

Total quality management techniques range from traditional inspection and statistical quality control to cutting-edge human resource management techniques,such as:

Firms that internationalize after being domestically established have to overcome all of the following barriers except:

In the context of strategy formulation,which of the following identifies the key factors for success that will dictate how well the firm is likely to do?

Globalization and International Linkages

The Political, Legal, and Technological Environment

Ethics, Social Responsibility, and Sustainability

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural Communication and Negotiation

Entry Strategies and Organizational Structures

Managing Political Risk, Government Relations, and Alliances

Management Decision and Control

Motivation Across Cultures

Leadership Across Cultures

Human Resource Selection and Development Across Cultures

Filters

Exam 8: Strategy Formulation and Implementation

The primary thrust of internal resource analysis is to match internal opportunities with external capabilities.

While selecting a geographic location to operate in,manufacturers often set up operations in urban areas.

When the need for national responsiveness is high and the need for global integration is low,a(n)_____ strategy is appropriate.

Which of the following statements about the Internet business is false?

Describe the difference between global integration and national responsiveness.What is the principle advantage of each strategy?

Which of the following statements is true of the technological learning gained from varied international environments?

_____ are firms that engage in significant international activity shortly after being established.

There is definitive evidence that strategic planning in the international arena always results in higher profitability.

Why do multinational corporations often invest in advanced industrialized countries?

The approach to strategic formulation and implementation utilizing strategies of total quality management to meet or exceed customers' expectations and continuously improve products and/or services is referred to as the:

Citibank is an example of a company that finds operating in China to be too risky.

The process of determining an organization's basic mission and long-term objectives and then implementing a plan of action for attaining these objectives is called:

Multinational corporations using the _____ approach to strategic planning are country-responsive; their approach is designed to protect local market niches.

Many large multinational corporations work to combine the _____ approaches to strategic planning.

The _____ approach to strategic planning is used by multinational corporations that need a country-centered or multi-domestic strategy.

Which of the following statements is true of strategic management?

What is the purpose of internal resource analysis? In the context of internal resource analysis,what is a "key success factor"?

Total quality management techniques range from traditional inspection and statistical quality control to cutting-edge human resource management techniques,such as:

Firms that internationalize after being domestically established have to overcome all of the following barriers except:

In the context of strategy formulation,which of the following identifies the key factors for success that will dictate how well the firm is likely to do?

Globalization and International Linkages

The Political, Legal, and Technological Environment

Ethics, Social Responsibility, and Sustainability

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural Communication and Negotiation

Entry Strategies and Organizational Structures

Managing Political Risk, Government Relations, and Alliances

Management Decision and Control

Motivation Across Cultures

Leadership Across Cultures

Human Resource Selection and Development Across Cultures

Filters