International Business Strategy
Exam Review
Course Introduction
International Business Strategy explores the frameworks, tools, and analytical approaches organizations use to compete and thrive in the global marketplace. The course examines the complexities of operating across borders, including the impact of cultural, economic, political, and legal environments on strategic decisions. Topics include entry mode choices, global value chains, adaptation and standardization strategies, management of international partnerships and alliances, and risk assessment. Through case studies and practical exercises, students learn to formulate and implement strategies that leverage global opportunities and overcome challenges faced by multinational enterprises.
Recommended Textbook
Strategic Management A Competitive Advantage Approach Concepts and Cases 14th Edition by
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11 Chapters
1337 Verified Questions 1337 Flashcards
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Page 2
Chapter 1: The Nature of Strategic Management
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131 Verified Questions
131 Flashcards
Source URL: https://quizplus.com/quiz/27795
Sample Questions
Q1) According to Albert Einstein, "Knowledge is far more important than intuition."
A)True
B)False
Answer: False
Q2) Strategic management focuses on integrating management, ________, and information systems to achieve organizational success.
A) marketing
B) finance/accounting
C) production/operations
D) research and development
E) all of the above
Answer: E
Q3) What are the means by which long-term objectives will be achieved?
A) Strategies
B) Strengths
C) Weaknesses
D) Policies
E) Opportunities
Answer: A
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Page 3
Chapter 2: The Business Vision and Mission
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113 Verified Questions
113 Flashcards
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Sample Questions
Q1) Which component of a mission statement addresses the firm's distinctive competence or major competitive advantage?
A) Technology
B) Philosophy
C) Concern for public image
D) Customers
E) Self-concept
Answer: E
Q2) Mission statements cannot be stated with too high a level of specificity.
A)True
B)False
Answer: False
Q3) Who is referred to as the father of modern management?
A) Deming
B) Peters
C) Drucker
D) McGinnis
E) Smith
Answer: C
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Page 4
Chapter 3: The External Assessment
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127 Verified Questions
127 Flashcards
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Sample Questions
Q1) Motor vehicle firms in the United States are vulnerable when the value of the dollar falls.
A)True
B)False
Answer: False
Q2) Quantitative forecasts become less accurate as historical relationships become less stable.
A)True
B)False Answer: True
Q3) Wild guesses should never be part of the planning process.
A)True
B)False Answer: True
Q4) The bargaining power of consumers can be the most important force impacting competitive advantage.
A)True
B)False Answer: True
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Chapter 4: The Internal Assessment
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132 Verified Questions
132 Flashcards
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Sample Questions
Q1) Which of the following is the process of influencing people to accomplish specific objectives?
A) Staffing
B) Motivating
C) Planning
D) Controlling
E) Organizing
Q2) Financial ratios are not applicable to nonprofit organizations.
A)True
B)False
Q3) Define cultural products, and give six examples of them.
Q4) The times-interest-earned ratio would be classified as a(n)
A) activity ratio.
B) leverage ratio.
C) profitability ratio.
D) liquidity ratio.
E) growth ratio.
Q5) Motivation is one explanation why some people work hard and others do not.
A)True
B)False
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Chapter 5: Strategies in Action
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131 Verified Questions
131 Flashcards
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Sample Questions
Q1) Which term refers to selling a division of an organization?
A) Joint venture
B) Divestiture
C) Concentric diversification
D) Liquidation
E) Horizontal integration
Q2) Cooperative arrangements and joint ventures between competitors are becoming increasingly popular.
A)True
B)False
Q3) A low-cost focus strategy can be especially attractive when the target market niche is small.
A)True
B)False
Q4) A differentiation strategy can be especially attractive when the industry has many different niches and segments, thereby allowing a focuser to pick a competitively attractive niche suited to its own resources.
A)True
B)False
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Chapter 6: Strategy Analysis and Choice
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113 Verified Questions
113 Flashcards
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Sample Questions
Q1) Which analytical tool determines the relative attractiveness of various strategies based on the extent to which key external and internal critical success factors are capitalized upon or improved?
A) BCG Matrix
B) SPACE Matrix
C) SWOT Matrix
D) IE Matrix
E) QSPM
Q2) Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.
A)True
B)False
Q3) In the BCG Matrix, which element represents the industry growth rate in sales, measured in percentage terms?
A) x-axis
B) y-axis
C) first quadrant
D) second quadrant
E) third quadrant
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Page 8
Chapter 7: Implementing Strategies: Management and Operations Issues
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122 Verified Questions
122 Flashcards
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Sample Questions
Q1) Exchanging members of conflicting parties so each can gain an appreciation of the other's point of view exemplifies a confrontation approach.
A)True
B)False
Q2) A force change strategy is plagued by low commitment and high resistance.
A)True
B)False
Q3) Undesirable conduct such as distorting the records can be a result of overemphasis on achieving objectives.
A)True
B)False
Q4) Strategists should strive to preserve, emphasize, and build upon aspects of an existing culture that are antagonistic to a proposed strategy.
A)True B)False
Q5) Discuss how work life/home life balance is being addressed by organizations.
Q6) Explain the nature and role of ESOPs in strategic management.
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Q7) What are the advantages and disadvantages of a divisional organizational structure?
Chapter 8: Implementing Strategies: Marketing, Financeaccounting,
RD, and MIS
Issues
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114 Verified Questions
114 Flashcards
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Sample Questions
Q1) Describe the considerations of EPS/EBIT analysis.
Q2) Which variable would be considered part of the "place" element of the marketing mix?
A) Product line
B) Service level
C) Personal selling
D) Sales territory
E) Discounts and allowances
Q3) Segmentation often reveals that large, random fluctuations in demand actually consist of several small, predictable, and manageable patterns.
A)True
B)False
Q4) To determine the price-earnings ratio, divide the market price of the firm's annual earnings per share by the common stock and multiply this number by the firm's average net income for the past 10 years.
A)True
B)False
Q5) Explain how to perform a projected financial analysis.
Page 10
Q6) Discuss some ways in which management information systems can benefit a company.
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Chapter 9: Strategy Review, Evaluation, and Control
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114 Verified Questions
114 Flashcards
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Sample Questions
Q1) The decreasing time span for which planning can be done with any degree of certainty is a reason strategy evaluation is more difficult today.
A)True
B)False
Q2) Strengths, weaknesses, opportunities, cost and threats should continually be monitored for change because it is not really a question of whether these factors will change, but rather when they will change and in what ways.
A)True
B)False
Q3) Measuring organizational performance requires making changes to reposition a firm competitively for the future.
A)True
B)False
Q4) Describe the seven-step process of effective contingency planning in strategy evaluation.
Q5) Identify some characteristics of an effective evaluation system.
Q6) Discuss some of the reasons why strategy evaluation is becoming increasingly difficult with the passage of time.
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Chapter 10: Business Ethicssocial
Responsibilityenvironmental Sustainability
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120 Verified Questions
120 Flashcards
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Sample Questions
Q1) Which of the following companies ranks among those against whom some of the largest payouts for class-action legal fraud suits ever were judged?
A) AOL Time Warner
B) Walt Disney
C) Starbucks
D) Herman Miller
E) Edison
Q2) Bad ethics can _______ strategic plans.
A) derail all but the best
B) derail even the best
C) derail only poorly-intentioned
D) derail only ill-conceived
E) never affect
Q3) More and more firms believe that ethics training and an ethics culture
A) are socially irresponsible.
B) are admirable but damage a firm's competitive positioning.
C) are costly and provide no practical benefit to the company.
D) create strategic advantage.
E) can tarnish the reputation of a firm.
Q4) Discuss ISO 14000 and ISO 14001.
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Chapter 11: Globalinternational Issues
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120 Verified Questions
120 Flashcards
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Sample Questions
Q1) Which of the following is NOT true concerning the Japanese concept of Wa?
A) Nearly all corporate activities in Japan encourage Wa among managers and employees.
B) Discussions potentially disruptive to Wa are generally conducted in very formal settings.
C) The potential attractiveness of alternative business decisions are evaluated in terms of their long-term effect on the group's Wa.
D) Entertaining is an important business activity in Japan because it strengthens Wa.
E) The Wa concept involves group loyalty and consensus.
Q2) To see and appreciate the world from the perspective of others has become a matter of survival for business.
A)True
B)False
Q3) Language, culture, and value systems differ among countries, which can create barriers to communication and problems managing people.
A)True
B)False
Q4) List some of the diverse and unique risks that face multinational corporations.
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Page 14