Question 1

Compare and contrast home replication, global, multidomestic, and transnational strategies.

Accepted Answer

Answers may vary but may include the fol...

Question 2

International strategy:

Accepted Answer

A)   needs to be consistent among the various functions, products, and regional units of the company.
B)   needs to be consistent with the demands of the international competitive environment.
C)   is concerned with the way firms make fundamental choices about developing and deploying scarce resources internationally.
D)   has a goal of achieving and maintaining competitive advantage.
E)   all of the above.F) All of the above
G) C) and D)

Question 3

The goal of international strategy is to achieve and maintain a unique and valuable competitive position both within a nation and globally, a position that has been termed comparative advantage.

Accepted Answer

A) True 
 B)False

Question 4

A global strategy tends to be used when a company faces strong pressures for reducing costs and limited pressure to adapt products for local markets.

Accepted Answer

A) True 
 B)False

Question 5

Contingency plans are developed in some firms for the best-and worst-case scenarios and for critical events.

Accepted Answer

A) True 
 B)False

Question 6

Action plans to enable organizations to reach their objectives are known as:

Accepted Answer

A)   strategic plans.
B)   competitive strategies.
C)   policies.
D)   procedures.
E)   none of the above.F) A) and E)
G) All of the above

Question 7

Scenarios are multiple, plausible stories for probable futures.

Accepted Answer

A) True 
 B)False

Question 8

Value chain analysis focuses primarily on the question, "What value does the company want to deliver to these customers?"

Accepted Answer

A) True 
 B)False

Question 9

The planning method that is becoming more popular is:

Accepted Answer

A)   top down.
B)   bottom up.
C)   sequential.
D)   a combination of top down and bottom up.
E)   centralized planning.F) A) and D)
G) B) and E)

Question 10

Most top managers:

Accepted Answer

A)   prefer nonquantifiable, directional goals.
B)   prefer nonquantifiable but verifiable goals.
C)   prefer verifiable objectives.
D)   have no preference as to quantifiable and nonquantifiable goals.
E)   none of the above.F) A) and E)
G) A) and C)

Question 11

Procedures are broad guidelines issued by upper management for the purpose of assisting lower-level managers in handling nonrecurring problems.

Accepted Answer

A) True 
 B)False

Question 12

When a company faces strong pressures for reducing costs and limited pressure to adapt products for local markets, it should tend to use a:

Accepted Answer

A)   global strategy.
B)   multidomestic strategy.
C)   transnational strategy.
D)   differentiation strategy.
E)   home replication strategy.F) A) and B)
G) C) and D)

Question 13

Discuss the global strategic planning process.

Accepted Answer

Answers may vary but could include the f...

Question 14

Objectives direct the firm's course of action, maintain it within the boundaries of the stated mission, and ensure its continuing existence.

Accepted Answer

A) True 
 B)False

Question 15

According to the text, the strategic planning process provides a formal structure in which managers will:

Accepted Answer

A)   analyze the company's external and internal environments.
B)   define the company's business and mission.
C)   formulate scenarios.
D)   all of the above.
E)   two of A, B, and C.F) B) and E)
G) C) and D)

Question 16

Scenarios are designed to assist managers:

Accepted Answer

A)   in becoming aware of the critical elements of the external forces.
B)   in brainstorming various "what-if" situations.
C)   in preparing budgets.
D)   all of the above.
E)   two of A, B, and C.F) A) and B)
G) B) and E)

Question 17

With a multidomestic strategy, the cost and complexity of coordinating a range of different strategies and product offerings across national and regional markets can be substantial.

Accepted Answer

A) True 
 B)False

Question 18

Knowledge that an individual has but that is difficult to express clearly in words, pictures, or formulae, and therefore difficult to transmit to others, is known as:

Accepted Answer

A)   explicit.
B)   none of A, C, D, orE
C)   tacit.
D)   intangible.
E)   valuable.F) A) and D)
G) A) and C)

Question 19

The ultimate managers of strategic planning and strategy making are the executive board of a corporation.

Accepted Answer

A) True 
 B)False

Question 20

When there is strong pressure for a company to adapt its products or services for local markets, it should tend to use a:

Accepted Answer

A)   global strategy.
B)   multidomestic strategy.
C)   regional strategy.
D)   differentiation strategy.
E)   home replication strategy.F) A) and C)
G) B) and C)

Exam 9: International Competitive Strategy

When there is strong pressure for a company to adapt its products or services for local markets, it should tend to use a:

Correct AnswerverifiedShow Answer

Contingency plans are developed in some firms for the best-and worst-case scenarios and for critical events.

Correct AnswerverifiedShow Answer

The planning method that is becoming more popular is:

Correct AnswerverifiedShow Answer

A global strategy tends to be used when a company faces strong pressures for reducing costs and limited pressure to adapt products for local markets.

Correct AnswerverifiedShow Answer

When a company faces strong pressures for reducing costs and limited pressure to adapt products for local markets, it should tend to use a:

Correct AnswerverifiedShow Answer

Scenarios are multiple, plausible stories for probable futures.

Correct AnswerverifiedShow Answer

The goal of international strategy is to achieve and maintain a unique and valuable competitive position both within a nation and globally, a position that has been termed comparative advantage.

Correct AnswerverifiedShow Answer

Value chain analysis focuses primarily on the question, "What value does the company want to deliver to these customers?"

Correct AnswerverifiedShow Answer

Discuss the global strategic planning process.

Correct AnswerverifiedAnswers may vary but could include the f...View AnswerShow Answer

With a multidomestic strategy, the cost and complexity of coordinating a range of different strategies and product offerings across national and regional markets can be substantial.

Correct AnswerverifiedShow Answer

International strategy:

Correct AnswerverifiedShow Answer

Procedures are broad guidelines issued by upper management for the purpose of assisting lower-level managers in handling nonrecurring problems.

Correct AnswerverifiedShow Answer

Scenarios are designed to assist managers:

Correct AnswerverifiedShow Answer

Action plans to enable organizations to reach their objectives are known as:

Correct AnswerverifiedShow Answer

Most top managers:

Correct AnswerverifiedShow Answer

Objectives direct the firm's course of action, maintain it within the boundaries of the stated mission, and ensure its continuing existence.

Correct AnswerverifiedShow Answer

Compare and contrast home replication, global, multidomestic, and transnational strategies.

Correct AnswerverifiedAnswers may vary but may include the fol...View AnswerShow Answer

The ultimate managers of strategic planning and strategy making are the executive board of a corporation.

Correct AnswerverifiedShow Answer

Knowledge that an individual has but that is difficult to express clearly in words, pictures, or formulae, and therefore difficult to transmit to others, is known as:

Correct AnswerverifiedShow Answer

According to the text, the strategic planning process provides a formal structure in which managers will:

Correct AnswerverifiedShow Answer

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