International Business Strategy Exam
Review
Course Introduction
International Business Strategy explores the frameworks, tools, and concepts essential for developing and implementing effective strategies in a global business environment. The course examines how multinational enterprises analyze international markets, assess competitive advantage, and manage cross-border operations amidst varying economic, political, and cultural landscapes. Students will learn to evaluate global expansion strategies such as exporting, licensing, joint ventures, and wholly owned subsidiaries, while considering issues like global supply chains, country risk, sustainability, and ethical challenges. The course integrates case studies and real-world examples to illustrate strategic decision-making and adaptation in dynamic international contexts.
Recommended Textbook
Strategic Management Text and Cases 9th Edition by Gregory Dess
Available Study Resources on Quizplus 12 Chapters
1223 Verified Questions
1223 Flashcards
Source URL: https://quizplus.com/study-set/1502
Page 2
Chapter 1: Strategic Management: Creating Competitive Advantages
Available Study Resources on Quizplus for this Chatper
106 Verified Questions
106 Flashcards
Source URL: https://quizplus.com/quiz/29766
Sample Questions
Q1) ________ may be considered the advance work that must be done in order to effectively formulate and implement strategies.
A)Goal setting
B)Corporate entrepreneurship
C)Strategy analysis
D)Organizational design
Answer: C
Q2) To inculcate a strategic management perspective,managers must create management ________ to foster change.
A)processes
B)buy-back
C)structures
D)edicts
Answer: A
Q3) The ROI on sustainability efforts can be difficult to quantify because A)an excess of necessary data for accurate calculation is readily available.
B)benefits from such projects are tangible.
C)the payback period is on a different time frame.
D)the payback period is on the same time frame.
Answer: C
Page 3
To view all questions and flashcards with answers, click on the resource link above.
Chapter 2: Analyzing the External Environment of the Firm:
Creating Competitive Advantages
Available Study Resources on Quizplus for this Chatper
114 Verified Questions
114 Flashcards
Source URL: https://quizplus.com/quiz/29767
Sample Questions
Q1) In the SWOT framework,________ are the same for all firms in the same competitive environment.
A)strengths and weaknesses
B)strengths and opportunities
C)weaknesses and threats
D)opportunities and threats
Answer: D
Q2) Airbnb,a room-sharing site,offers more rooms than Marriott.Goldman Sachs suggests that the supply of new rooms over the next two years will outpace the previous five even though the growth of American occupancy rates has begun to slow.Which competitive force is involved in this situation?
A)the threat of favorable government policies
B)the threat of new buyers
C)the threat of new entrants
D)the threat of proprietary products
Answer: C
Q3) In some industries,low switching costs can act as an important barrier to entry.
A)True
B)False
Answer: False
Page 4
To view all questions and flashcards with answers, click on the resource link above.
Chapter 3: Assessing the Internal Environment of the Firm
Available Study Resources on Quizplus for this Chatper
109 Verified Questions
109 Flashcards
Source URL: https://quizplus.com/quiz/29768
Sample Questions
Q1) From the innovation and learning perspective,survival is dependent upon managers making ________ changes to existing products and services as well as introduce entirely new products with expanded capabilities.
A)few
B)no
C)frequent
D)rare
Answer: C
Q2) The Germany truck and trailer manufacturer,Schmitz Cargobull,mainly serves customers who are operators of truck or trailer fleets.What sets the company apart is its expertise in telematics (the integrated application of telecommunications data)to monitor the current state of any Schmitz Cargobull-produced trailer.What type of a value-chain support activity is this?
A)service
B)technology development
C)human resource management
D)general administration
Answer: D
To view all questions and flashcards with answers, click on the resource link above.
Page 5
Chapter 4: Recognizing a Firms Intellectual Assets: Moving
Beyond a Firms Tangible Resources
Available Study Resources on Quizplus for this Chatper
112 Verified Questions
112 Flashcards
Source URL: https://quizplus.com/quiz/29769
Sample Questions
Q1) In a 360-degree evaluation and feedback system,which of these does not rate the skills and performance of an individual?
A)superiors
B)family
C)direct reports
D)colleagues
Q2) Since electronic teams (e-teams)seldom meet face-to-face,it is not important for them to be concerned with how to combine individual contributions effectively.
A)True
B)False
Q3) Tacit knowledge
A)is the same as explicit knowledge.
B)can be accessed only with the consent of the employees.
C)is found mostly at the lower levels of the organization.
D)can be codified but not reproduced.
Q4) Explicit knowledge is generally known to everyone in the firm and is not a critical concern of management.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: Business-Level Strategy: Creating and Sustaining Competitive Advantages
Available Study Resources on Quizplus for this Chatper
105 Verified Questions
105 Flashcards
Source URL: https://quizplus.com/quiz/29770
Sample Questions
Q1) Value-chain support activities that involve excellent applications engineering support (technology development)and facilities that promote a positive firm image (firm infrastructure)characterize which generic strategy?
A)overall cost leadership
B)differentiation focus
C)differentiation
D)stuck-in-the middle
Q2) Mass customization permits companies to manufacture unique products in relatively ________ quantities at ________ costs.
A)large;higher
B)large;lower
C)small;higher
D)small;lower
Q3) With experience,unit costs of production decline as ________ increases in most industries.
A)costs
B)volume
C)output
D)price
Page 7
To view all questions and flashcards with answers, click on the resource link above.
Chapter 6: Corporate-Level Strategy: Creating Value Through Diversification
Available Study Resources on Quizplus for this Chatper
102 Verified Questions
102 Flashcards
Source URL: https://quizplus.com/quiz/29771
Sample Questions
Q1) The downsides or limitations of mergers and acquisitions include all of the following except
A)It is a slow means to enter new markets and acquire skills and competences.
B)Difficulties exist in integrating the activities and resources of the acquired firm into ongoing operations.
C)There can be many cultural issues that can doom an otherwise promising acquisition.
D)Premiums that are frequently paid to acquire a business are large.
Q2) In recent years,many high-tech firms such as Priceline.com have suffered from the negative impact of uncontrolled growth.
A)True
B)False
Q3) ________ is when one firm buys another through a stock purchase,cash or the issuance of debt.
A)An acquisition
B)A merger
C)An unrelated diversification
D)A related diversification
To view all questions and flashcards with answers, click on the resource link above.
Page 8
Chapter 7: International Strategy: Creating Value in Global Markets
Available Study Resources on Quizplus for this Chatper
107 Verified Questions
107 Flashcards
Source URL: https://quizplus.com/quiz/29772
Sample Questions
Q1) Which of the following is a source of economic risk in many countries?
A)good intellectual property law
B)counterfeiting
C)good enforcement of property rights
D)political unrest
Q2) The form of entry strategy into international operations that offers the lowest level of control for the domestic corporation would be
A)franchising.
B)licensing.
C)joint venture.
D)exporting.
Q3) According to the textbook,________ economic integration has progressed at a faster pace than ________ economic integration.
A)global;international
B)international;regional
C)regional;global
D)regional;inter-regional
Q4) What is international strategy? Discuss the risks and challenges associated with an international strategy.
Page 9
To view all questions and flashcards with answers, click on the resource link above.
Chapter 8: Entrepreneurial Strategy and Competitive Dynamics
Available Study Resources on Quizplus for this Chatper
94 Verified Questions
94 Flashcards
Source URL: https://quizplus.com/quiz/29773
Sample Questions
Q1) Entrepreneurial firms that pursue a low-cost leadership strategy use all the following to achieve lower costs except
A)cost-saving technology.
B)simple organizational structures.
C)rapid decision making.
D)extensive investment in order to achieve economies of scale.
Q2) When any two firms have both a high degree of market commonality and highly similar resources,a ________ threat is present.
A)weaker competitive
B)successful marketing
C)stronger competitive
D)stronger marketing
Q3) All the following are examples of strategic actions a firm might take except
A)partner with competitors to reduce competition.
B)expand into neglected markets.
C)tie up raw materials sources.
D)change product packaging.
Q4) The majority of entrepreneurial start-ups are financed with angel financing.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 10
Chapter 9: Strategic Control and Corporate Governance
Available Study Resources on Quizplus for this Chatper
91 Verified Questions
91 Flashcards
Source URL: https://quizplus.com/quiz/29774
Sample Questions
Q1) In addition to traditional institutional investors,a growing set of activist investors aggressively pressure firm managers for major changes.These activist investors include individual investors,such as ________,and activist investor funds,such as ________.
A)CalPERS;Bill Gates
B)ValuAct;Trian
C)Berkshire Hathaway;Warren Buffet.
D)Carl Icahn;Pershing Square.
Q2) The traditional approach to strategic control relies on feedback from performance measurement to formulate strategy.
A)True
B)False
Q3) Continuous monitoring,in the contemporary approach,is beneficial because
A)it reduces time lags.
B)it increases the time it takes to detect changes in the competitive environment.
C)organizational flexibility is reduced.
D)organization response time is increased.
Q4) Explain why control systems are necessary for strategy implementation.
Q5) When would single-loop control systems be most appropriate?
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: Creating Effective Organizational Designs
Available Study Resources on Quizplus for this Chatper
86 Verified Questions
86 Flashcards
Source URL: https://quizplus.com/quiz/29775
Sample Questions
Q1) Organizations generally tend to become internally focused when faced with ________ and ________.
A)resource scarcity;declining performance
B)internal pressures;improving performance
C)resource abundance;declining performance
D)external pressures;resource abundance
Q2) Three major contingencies that influence the chosen structure of a company are: the type of strategy that drives its foreign operations,its product diversity,and the extent to which the company is dependent on foreign sales.
A)True
B)False
Q3) Tools and techniques used to achieve effective coordination and integration of key activities in an organization include all the following except
A)horizontal organization structures.
B)common culture and shared values.
C)horizontal diversification.
D)communications and information technologies.
Q4) What is organizational structure and why is it important?
Q5) Discuss the advantages and disadvantages of a simple organizational structure.
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: Strategic Leadership: Creating a Learning
Organization and an Ethical Organization
Available Study Resources on Quizplus for this Chatper
104 Verified Questions
104 Flashcards
Source URL: https://quizplus.com/quiz/29776
Sample Questions
Q1) Effective learning organizations must redistribute ________,________,and ________ in order to assure that there is a common body of knowledge.
A)rewards;training;handbooks
B)training;knowledge;pay raises
C)knowledge;financial rewards;intangible rewards
D)information;knowledge;rewards
Q2) Research supports that there are many potential benefits of an ethical organization,including that there is a strong and consistent relationship between ethical performance and measures of financial performance.
A)True
B)False
Q3) Which two components of emotional intelligence (EI)deal with the personal ability to manage relationships with others?
A)motivation and self-awareness
B)self-regulation and empathy
C)empathy and social skill
D)motivation and empathy
Q4) What is the difference between individual ethics and organizational ethics?
Page 13
To view all questions and flashcards with answers, click on the resource link above.
Chapter 12: Managing Innovation and Fostering Corporate
Entrepreneurship
Available Study Resources on Quizplus for this Chatper
93 Verified Questions
93 Flashcards
Source URL: https://quizplus.com/quiz/29777
Sample Questions
Q1) Business incubators are designed to support fledgling entrepreneurial ventures until they can operate as stand-alone businesses.
A)True
B)False
Q2) If managers believe that their abilities can reduce the risks inherent in decision making to a much greater extent that they actually can,they might demonstrate ________ and trust only their own judgment rather than conduct sufficient analysis.
A)agency problems
B)reasoning by analogy
C)managerial conceit
D)escalation of commitment
Q3) Strategic reasons for undertaking a corporate venture do not include
A)entering into new markets.
B)expanding capabilities by acquiring new knowledge.
C)building the base of corporation resources.
D)reinforcing stakeholder commitment.
Q4) What are new venture groups? What purpose do they serve? Are they more than a typical R&D department? Explain.
Page 14
To view all questions and flashcards with answers, click on the resource link above.