FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 11: International Strategic Management

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 51

True/False

Review LaterAdd Note

Review Later

A control framework is the set of managerial and organizational processes that keep the firm moving toward its strategic goals.

Correct Answer

verified

Show Answer

Question 52

True/False

Review LaterAdd Note

Review Later

A business strategy focuses on the overall organization, while a corporate strategy focuses on subsidiaries.

Correct Answer

verified

Show Answer

Question 53

Multiple Choice

Review LaterAdd Note

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

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.

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?

Parker Sportswear is an MNE with retail stores around the world. Parker views itself as a collection of relatively independent operating subsidiaries, each of which focuses on a specific domestic market. Parker most likely uses a ________ strategy.

________ answers the question, "What do we do exceptionally well, especially as compared to our competitors?"

One advantage of the transnational strategy is that it automatically centralizes or decentralizes authority.

Functional strategies address issues related to human resources, marketing, operations, and research and development.

The major objectives the firm wants to accomplish through pursuing a particular course of action are known as tactics.

The goal of ________ is to create a situation where the whole is greater than the sum of the parts.

The low cost of coordinating the operations of related divisions is a primary advantage of related diversification.

A firm following the ________ views the world as a single marketplace.

What form of efficiency did Mercedes-Benz capture by initially producing its sport utility vehicle only in Alabama?

What are the three sources of competitive advantage that are available to MNCs but unavailable to domestic firms? Identify the four strategic alternatives MNCs use to balance these three sources of competitive advantage.

A differentiation strategy is not a commonly used business strategy.

________ are comprehensive frameworks for achieving a firm's fundamental goals.

General Electric owns NBX, a semiconductor manufacturer, and an investment bank. General Electric is following a focus strategy.

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

________ occur(s) when firms build factories that serve more than one country and lower their production costs.