International Business Strategy
Exam Solutions
Course Introduction
International Business Strategy explores the formulation and implementation of effective business strategies in a global context. This course examines how firms compete, expand, and operate across international borders, considering the complexities of diverse markets, cultures, regulatory environments, and competitive landscapes. Key topics include global market entry modes, multinational organizational structures, cross-cultural management, international risk assessment, and the adaptation of products and services for various regions. Through case studies, analytical frameworks, and real-world examples, students will develop the skills to design strategic plans that leverage global opportunities while mitigating the associated risks and challenges.
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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Chapter 1: The Nature of Strategic Management
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131 Verified Questions
131 Flashcards
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Sample Questions
Q1) According to Webster's New World Dictionary, ________ is "the science of planning and directing large-scale military operations, of maneuvering forces into the most advantageous position prior to actual engagement with the enemy."
A) competitive advantage
B) war
C) strategy
D) formulation
E) business
Answer: C
Q2) Which of the following is part of the strategic management model?
A) Measure and evaluate performance
B) Develop mission and vision statements
C) Establish long-term objectives
D) Implement strategies
E) All of the above
Answer: E
Q3) The most effective strategic management is ritualistic, predictable and formal.
A)True
B)False
Answer: False
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Chapter 2: The Business Vision and Mission
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113 Verified Questions
113 Flashcards
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Sample Questions
Q1) If an organization chooses to have both a mission and a vision, the mission statement should be established first.
A)True
B)False
Answer: False
Q2) The foundation for development of a comprehensive mission statement is provided by a clear vision.
A)True
B)False
Answer: True
Q3) Which of these basic questions should a vision statement answer?
A) What is our business?
B) Who are our employees?
C) What are our challenges?
D) What do we want to become?
E) Who are our competitors?
Answer: D
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Chapter 3: The External Assessment
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127 Verified Questions
127 Flashcards
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Sample Questions
Q1) A Competitive Profile Matrix allows strategists to summarize and evaluate economic, social, cultural, demographic, environmental, political, governmental, legal, technological, and competitive information.
A)True
B)False
Answer: False
Q2) In practice, critical technology decisions are too often delegated to lower organizational levels or are made without an understanding of their strategic implications.
A)True
B)False
Answer: True
Q3) Which of the following has largely refrained from protectionist measures?
A) the EU
B) the U.S.
C) India
D) Russia
E) All of the above
Answer: B
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Page 5
Chapter 4: The Internal Assessment
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132 Verified Questions
132 Flashcards
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Sample Questions
Q1) The three all-encompassing internal resource categories used in the Resource-Based View are physical resources, human resources, and
A) financial resources.
B) shareholder resources.
C) organizational resources.
D) non-renewable resources.
E) technological resources.
Q2) The only certain thing about the future of any organization is change.
A)True
B)False
Q3) The initial step to implementing value chain analysis is
A) attaching a cost to each discrete activity.
B) establishing costs in terms of time.
C) establishing costs in terms of money.
D) converting the cost data into information by looking for competitive cost strengths and weaknesses.
E) dividing a firm's operations into specific activities or business processes.
Q4) Explain the resource-based view and its relation to strategic management.
Q5) Discuss the limitations of financial ratio analysis.
Q6) Discuss the five steps involved in performing an IFE Matrix.
Page 6
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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) What principle is based on the belief that the true measure of a really good strategist is the ability to solve problems?
A) Managing by crisis
B) Managing by objectives
C) Managing by extrapolation
D) Managing by exception
E) Managing by hope
Q2) Gaining ownership or increased control over distributors or retailers is called forward integration strategy.
A)True
B)False
Q3) Strategic objectives include larger market share, quicker on-time delivery than rivals, shorter design-to-market times than rivals, lower costs than rivals, and wider geographic coverage than rivals.
A)True
B)False
Q4) Discuss four common problems that cause joint ventures to fail.
Q5) List some guidelines for when forward integration would be a particularly good strategy to pursue.
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Chapter 6: Strategy Analysis and Choice
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113 Flashcards
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Sample Questions
Q1) Give five coordinates of a SPACE Matrix directional vector that would suggest conservative strategies to be most appropriate.
Q2) Describe the positive features and limitations of QSPM.
Q3) How many cells are in a SWOT Matrix?
A) Two
B) Four
C) Six
D) Eight
E) Nine
Q4) Strategy analysis and choice largely involves making ________ decisions based on ________ information.
A) long-term; short-term
B) subjective; objective
C) short-term; long-term
D) subjective; short-term
E) objective; subjective
Q5) Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.
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Chapter 7: Implementing Strategies: Management and Operations Issues
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122 Verified Questions
122 Flashcards
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Sample Questions
Q1) Because activities are organized according to the way work is actually performed, a divisional structure by process is similar to the matrix structure.
A)True
B)False
Q2) When attachments to a culture are severed in an organization's attempt to change direction, employees and managers often experience deep feelings of grief.
A)True
B)False
Q3) Unlike strategy formulation, strategy implementation varies considerably among different types and sizes of organizations.
A)True
B)False
Q4) Not allocating resources according to the priorities indicated by approved objectives is detrimental to the strategic-management process.
A)True
B)False
Q5) Discuss the do's and don'ts in developing organizational charts.
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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) Discuss guidelines used to determine whether a firm should conduct R&D internally or externally.
Q2) Explain how to perform a projected financial analysis.
Q3) All the methods for determining a business' worth can be grouped into three basic approaches: what a firm earns, what a firm spends, and what a firm will bring in the market.
A)True
B)False
Q4) Which method of determining a firm's net worth divides the market price of the firm's stock by the annual earnings per share, and multiplies this number by the firm's average net income for the past five years?
A) Debt/equity method
B) Current ratio method
C) Price-earnings ratio method
D) Long-term asset method
E) Outstanding shares method
Q5) What are the marketing mix component variables? Give some examples of each.
Q7) Describe the considerations of EPS/EBIT 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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Sample Questions
Q1) The U.S. Chamber of Commerce is against the accounting switch from GAAP to IFRS, saying it will cause cross-border commerce to decline.
A)True
B)False
Q2) Which of these is a basic activity of strategy evaluation?
A) Reviewing the underlying bases of current strategies
B) Comparing expected results with actual results
C) Taking corrective actions
D) Choices B and C only
E) All of the above
Q3) Which of these is NOT a key financial ratio?
A) Market share
B) Production quality
C) Earnings per share
D) Asset growth
E) Return on equity
Q4) IFRS standards comprise 25,000 pages, whereas GAAP standards comprise 5,000 pages.
A)True
B)False
Page 12
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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) Like the United States, Japan is eager to rely on large-scale immigration to bolster its workforce.
A)True
B)False
Q2) A document that discloses to shareholders information about a firm's labor practices, product sourcing, energy efficiency, environmental impact, and business ethics practices is known as
A) a code of ethics.
B) a sustainability report.
C) an EMS.
D) ISO 14000.
E) green terminology.
Q3) Companies such as Wal-Mart are now monitoring not only the prices its vendors offer for products, but also how those products are made in terms of environmental practices.
A)True
B)False
Q4) Many people consider it unethical for a firm to be socially irresponsible.
A)True
B)False
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Chapter 11: Globalinternational Issues
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Sample Questions
Q1) List some of the diverse and unique risks that face multinational corporations.
Q2) Punctuality is generally revered in all cultures of the world.
A)True
B)False
Q3) Discuss some things firms can do to diminish the risk of doing business internationally.
Q4) ________ recently cut its corporate tax rate by five percentage points, leaving ________ with the highest corporate tax rate among all the nations in the world.
A) The U.S.; Brazil
B) Brazil; Japan
C) Japan; Brazil
D) Brazil; the U.S.
E) Japan; the U.S.
Q5) Perhaps the greatest advantage of international operations to a firm is the ability to gain new customers for its products and services, thus increasing revenues.
A)True
B)False
Q6) Compare and contrast the culture in the U.S. with Mexico.
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