Exam 12: The Strategy of International Business

Change in the long-term industry growth rate has the potential to transform an industry's structure.

What is the relationship between the five-forces model and a firm's international business strategy? Provide examples to illustrate your answer.

What is the difference between primary and secondary activities in the value chain? Describe the functions of configuration and coordination in these value activities.

According to the Industry Organization perspective,firm performance is determined by the presence of motivated managers and their ability to identify and develop innovative products for emerging markets.

Dispersed value chains make sense when costs vary across countries.

A company that employs a ________ strategy creates value by generating customer insights and translating those insights into innovations.

Which of the following refers to the means by which management applies the systems that link a company's value activities,whether those activities are performed in one or in many countries?

Which force in Toyota's immediate environment would most likely have the greatest impact on its strategy?

Which of the following is the most important constraint on the explanatory power of the IO paradigm?

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

Describe the two basic ways that companies can create value.What role does the value chain play in these methods?

What is coordination? Describe the factors that influence value chain coordination.

What is the Industry Organization (IO)paradigm? Discuss the underlying assumptions of this model.

A differentiation strategy is a unique mixture of the multidomestic and global strategies whereby the company attempts to capture the advantages of both.

A core competency gives every employee in an MNE a principle that helps them coordinate transactions between value activities.

In the global environment,firms use an international strategy,a multidomestic strategy,a global strategy,or a ________ strategy.

Darvin Foods is an MNE that is in the process of revising its international business strategy.Most of the firm's top executives believe that Darvin should implement a multidomestic strategy.Which of the following conditions would most likely support this type of strategy?

Pressures for global integration include economic integration,convergent consumer preferences,and political demands imposed by host countries.

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.

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