Question 1

Managers who exemplify an open-minded attitude and who appreciate cultural diversity are described as applying a global ________.

Accepted Answer

A)   sensitivity
B)   standard
C)   posture
D)   mind-set

Question 2

Which of the following is a disadvantage of a geographic area structure?

Accepted Answer

A)   geographic area managers' lack of global orientation for developing and managing products
B)   limited communications and coordination among the subsidiaries within each geographic region
C)   minimal balance between global integration and local adaptation
D)   decreased responsiveness to customer needs and wants in each regional/local market

Question 3

A ________ strategy is characterized by substantial control over country operations by headquarters in order to increase efficiency and integration.

Accepted Answer

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

Question 4

What is the integration-responsiveness framework? Describe the two main components of the framework.

Accepted Answer

The discussion about the pressures on th...

Question 5

Contrast the strategies of multidomestic industries and global industries. Why is there a difference in strategies between the two industries? Provide an example for illustration.

Accepted Answer

Industries in which competition takes pl...

Question 6

How can a firm's strategy make the best use of the firm's resources? How does a firm's decision to have a centralized versus a decentralized organizational structure affect its strategy?

Accepted Answer

Strategy is a planned set of actions tha...

Question 7

Due to the competition involved in global industries, marketing strategies are determined by the unique needs and regulations of each nation.

Accepted Answer

A) True 
 B)False

Question 8

Describe local responsiveness and explain how a multidomestic strategy allows an international firm to pursue local responsiveness.

Accepted Answer

Many companies seek to respond to specif...

Question 9

Visionary leadership is a quality of senior management that provides inspirational guidance and motivation to personnel, leading the firm to a better future. Visionary leaders exhibit superior creativity, discipline, and passion in the course of leading others to realization of their vision.

Accepted Answer

A) True 
 B)False

Question 10

Organizational structure describes the reporting relationships inside the firm that specify the links between people, functions, and processes.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following characterizes a multidomestic strategy?

Accepted Answer

A)   Subsidiary managers adapt products and services to meet local needs.
B)   Management practices are universal across local businesses.
C)   Firm executives control all subsidiaries to maximize efficiency.
D)   The firm allows subsidiaries to standardize products and services across countries.

Question 12

Which of the following is an advantage of an international division structure?

Accepted Answer

A)   It leverages the benefits of global strategy while responding to local needs.
B)   It allows better balance between global integration and local adaptation.
C)   It requires a small resource commitment.
D)   It allows concentration and development of international expertise.

Question 13

Which of the following is an advantage of a multidomestic strategy?

Accepted Answer

A)   standardized organizational culture
B)   minimal pressure on headquarters staff
C)   minimum redundancy
D)   low operating costs

Question 14

In establishing a firm's organizational structure, a fundamental issue is ________.

Accepted Answer

A)   how to optimize local responsiveness and flexibility
B)   how much decision-making responsibility the firm should retain at headquarters
C)   how to leverage natural endowments available to the firm
D)   how the firm should invest in human assets

Question 15

A culturally diverse team would ________.

Accepted Answer

A)   use diverse languages for business communications across various teams across the globe
B)   follow country-specific ethical standards across the globe
C)   use local employees, for accountability, for all major company decisions
D)   create a global view inside the firm while remaining in touch with local realities

Question 16

Describe four traits that characterize visionary leaders, and explain why these traits are especially necessary for a firm that operates within a global matrix structure.

Accepted Answer

Visionary leaders are characterized by f...

Question 17

Efficiency refers to emphasizing consensus-based decision making and problem solving, in which managers readily share their knowledge.

Accepted Answer

A) True 
 B)False

Question 18

By standardizing international operations as much as possible, yet being adaptable to the needs of local markets, a firm is utilizing a transnational strategy of globalization.

Accepted Answer

A) True 
 B)False

Question 19

Companies that proactively build a global organizational culture subscribe to accepted ethical and moral standards.

Accepted Answer

A) True 
 B)False

Question 20

International division managers usually oversee ________.

Accepted Answer

A)   large-scale investments
B)   product development
C)   distributor relationships
D)   corporate accounting

Exam 11: Strategy and Organization in the International Firm

Which of the following characterizes a multidomestic strategy?

Correct AnswerverifiedShow Answer

By standardizing international operations as much as possible, yet being adaptable to the needs of local markets, a firm is utilizing a transnational strategy of globalization.

Correct AnswerverifiedShow Answer

Managers who exemplify an open-minded attitude and who appreciate cultural diversity are described as applying a global ________.

Correct AnswerverifiedShow Answer

Companies that proactively build a global organizational culture subscribe to accepted ethical and moral standards.

Correct AnswerverifiedShow Answer

What is the integration-responsiveness framework? Describe the two main components of the framework.

Correct AnswerverifiedThe discussion about the pressures on th...View AnswerShow Answer

Which of the following is a disadvantage of a geographic area structure?

Correct AnswerverifiedShow Answer

In establishing a firm's organizational structure, a fundamental issue is ________.

Correct AnswerverifiedShow Answer

Which of the following is an advantage of a multidomestic strategy?

Correct AnswerverifiedShow Answer

Contrast the strategies of multidomestic industries and global industries. Why is there a difference in strategies between the two industries? Provide an example for illustration.

Correct AnswerverifiedIndustries in which competition takes pl...View AnswerShow Answer

International division managers usually oversee ________.

Correct AnswerverifiedShow Answer

Describe local responsiveness and explain how a multidomestic strategy allows an international firm to pursue local responsiveness.

Correct AnswerverifiedMany companies seek to respond to specif...View AnswerShow Answer

A ________ strategy is characterized by substantial control over country operations by headquarters in order to increase efficiency and integration.

Correct AnswerverifiedShow Answer

A culturally diverse team would ________.

Correct AnswerverifiedShow Answer

Organizational structure describes the reporting relationships inside the firm that specify the links between people, functions, and processes.

Correct AnswerverifiedShow Answer

Due to the competition involved in global industries, marketing strategies are determined by the unique needs and regulations of each nation.

Correct AnswerverifiedShow Answer

Efficiency refers to emphasizing consensus-based decision making and problem solving, in which managers readily share their knowledge.

Correct AnswerverifiedShow Answer

Describe four traits that characterize visionary leaders, and explain why these traits are especially necessary for a firm that operates within a global matrix structure.

Correct AnswerverifiedVisionary leaders are characterized by f...View AnswerShow Answer

Which of the following is an advantage of an international division structure?

Correct AnswerverifiedShow Answer

How can a firm's strategy make the best use of the firm's resources? How does a firm's decision to have a centralized versus a decentralized organizational structure affect its strategy?

Correct AnswerverifiedStrategy is a planned set of actions tha...View AnswerShow Answer

Visionary leadership is a quality of senior management that provides inspirational guidance and motivation to personnel, leading the firm to a better future. Visionary leaders exhibit superior creativity, discipline, and passion in the course of leading others to realization of their vision.

Correct AnswerverifiedShow Answer

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The discussion about the pressures on th...
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Industries in which competition takes pl...
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Many companies seek to respond to specif...
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Visionary leaders are characterized by f...
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Strategy is a planned set of actions tha...
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