Question 1

Disney uses the related diversification strategy.

Accepted Answer

A) True 
 B)False  True

Question 2

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

Accepted Answer

A)   International strategic management
B)   International operations strategy
C)   Multinational flexibility
D)   Global management A

Question 3

Which strategy combines the benefits of global scale efficiencies and local responsiveness?

Accepted Answer

A)   multidomestic strategy
B)   home replication strategy
C)   transnational strategy
D)   global strategy C

Question 4

What is a related diversification strategy?

Accepted Answer

The answer of What is a related diversification strategy?...

Question 5

Nike achieved ________ by centering its manufacturing in countries where labor costs are relatively low.

Accepted Answer

A)   multinational flexibility
B)   economies of scale
C)   location efficiencies
D)   economies of scope

Question 6

Multinational flexibility is enhanced when control is centralized.

Accepted Answer

A) True 
 B)False

Question 7

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?

Accepted Answer

The answer of What is the purpose of conducting a...

Question 8

A(n) ________ calls for the firm to operate in several different but fundamentally related businesses, industries, or markets at the same time.

Accepted Answer

A)   corporate strategy
B)   single-business strategy
C)   related diversification strategy
D)   unrelated diversification strategy

Question 9

There are many similarities between developing a strategy for competing in a single country and developing one for competing in multiple countries.

Accepted Answer

A) True 
 B)False

Question 10

What is the final step of formulating an international business strategy?

Accepted Answer

A)   developing a control framework
B)   conducting an environmental scan
C)   specifying tactical goals and plans
D)   identifying relevant value chain activities

Question 11

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.

Accepted Answer

A)   multidomestic
B)   home replication
C)   transnational
D)   global

Question 12

Dixon Enterprises, an MNE, uses a global strategy, which means that the firm most likely has a ________ structure.

Accepted Answer

A)   decentralized
B)   centralized
C)   geographic
D)   market

Question 13

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

Accepted Answer

A)   multidomestic strategy
B)   home replication strategy
C)   transnational strategy
D)   global strategy

Question 14

Why did Toyota initially struggle in the Chinese market?

Accepted Answer

The answer of Why did Toyota initially struggle in the...

Question 15

Resource deployment answers the question: "How can different elements of our business benefit each other?"

Accepted Answer

A) True 
 B)False

Question 16

What type of strategy does IKEA follow?

Accepted Answer

The answer of What type of strategy does IKEA follow?...

Question 17

Explain the purpose of a mission statement.

Accepted Answer

The answer of Explain the purpose of a mission statement....

Question 18

Briefly describe the four strategic alternatives for international business. Identify the four basic components of any type of international strategy.

Accepted Answer

The answer of Briefly describe the four strategic alternatives for...

Question 19

When using a(n) ________, a firm utilizes the core competency or firm-specific advantage it developed in the domestic market as its main competitive weapon in the foreign markets it enters.

Accepted Answer

A)   multidomestic strategy
B)   home replication strategy
C)   transnational strategy
D)   international strategy

Question 20

Multinational flexibility is ________.

Accepted Answer

A)   higher when strategy is centralized
B)   higher when R&D is concentrated at the headquarters
C)   greater when marketing programs develop domestically
D)   enhanced when responsibility is delegated to subsidiaries

Exam 11: International Strategic Management

Disney uses the related diversification strategy.

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

Which strategy combines the benefits of global scale efficiencies and local responsiveness?

What is a related diversification strategy?

Nike achieved ________ by centering its manufacturing in countries where labor costs are relatively low.

Multinational flexibility is enhanced when control is centralized.

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?

A(n) ________ calls for the firm to operate in several different but fundamentally related businesses, industries, or markets at the same time.

There are many similarities between developing a strategy for competing in a single country and developing one for competing in multiple countries.

What is the final step of formulating an international business strategy?

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.

Dixon Enterprises, an MNE, uses a global strategy, which means that the firm most likely has a ________ structure.

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

Why did Toyota initially struggle in the Chinese market?

Resource deployment answers the question: "How can different elements of our business benefit each other?"

What type of strategy does IKEA follow?

Explain the purpose of a mission statement.

Briefly describe the four strategic alternatives for international business. Identify the four basic components of any type of international strategy.

When using a(n) ________, a firm utilizes the core competency or firm-specific advantage it developed in the domestic market as its main competitive weapon in the foreign markets it enters.

Multinational flexibility is ________.