International Business Strategy
Practice Questions
Course Introduction
International Business Strategy explores the frameworks, tools, and concepts used by firms to operate successfully in global markets. This course examines how organizations develop and implement strategies for entry, expansion, and competition across borders, taking into account cultural, economic, political, and legal differences. Key topics include modes of international market entry, global value chains, alliance formation, risk assessment, and the adaptation of products and marketing strategies to diverse international contexts. Through case studies and real-world examples, students gain a comprehensive understanding of strategic decision-making processes necessary for sustained competitiveness in the ever-evolving global business landscape.
Recommended Textbook Concepts in Strategic Management and Business Policy 15th Edition by Thomas L. Wheelen
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1413 Verified Questions
1413 Flashcards
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Chapter 1: Basic Concepts in Strategic Management
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Sample Questions
Q1) What is a strategic decision and what are its three characteristics?
Answer: A strategic decision deals with the long-run future of an entire organization.There are three characteristics of a strategic decision:
1.Rare: Strategic decisions are unusual and typically have no precedent to follow.
2.Consequential: Strategic decisions commit substantial resources and demand a great deal of commitment from people at all levels.
3.Directive: Strategic decisions set precedents for lesser decisions and future actions throughout an organization.
Strategic decisions are unusual and typically have no precedent to follow.They commit substantial resources and demand a great deal of commitment from people at all levels.And they set precedents for lesser decisions and future actions throughout the organization.
Q2) As more industries become global,strategic management is becoming less important in positioning a company for long-term competitive advantage.
A)True
B)False
Answer: False
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Chapter 2: Corporate Governance
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Sample Questions
Q1) Society increasingly expects corporate boards to balance the economic goal of profitability with the social needs of society.
A)True
B)False
Answer: True
Q2) The Sarbanes-Oxley Act was designed to protect
A) retired workers from losing their pensions.
B) CEOs from losing their golden parachutes.
C) CEO salary increases.
D) shareholders from the excesses and failed oversight of firms.
E) corporations from misguided whistleblowers.
Answer: D
Q3) The more active professional boards are being replaced by the board as a rubber stamp of the CEO.
A)True
B)False
Answer: False
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Chapter 3: Social Responsibility and Ethics in Strategic Management
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103 Flashcards
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Sample Questions
Q1) Kohlberg places 80 percent of U.S.adults in the principled level of development. A)True
B)False
Answer: False
Q2) As opposed to rule-based countries,relationship-based countries tend to A) be more transparent and have a higher degree of corruption.
B) be more transparent and have a lower degree of corruption.
C) be less transparent and have a lower degree of corruption.
D) be less transparent and have a higher degree of corruption.
E) have the same transparency and same degree of corruption.
Answer: D
Q3) Being known as a socially responsible firm may provide a company with social capital that can be used for competitive advantage. A)True
B)False
Answer: True
Q4) Ethical responsibilities are voluntary obligations a corporation assumes. A)True
B)False
Answer: False
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Chapter 4: Environmental Scanning and Industry Analysis
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Sample Questions
Q1) Which of the following is not descriptive of external environmental scanning?
A) used as a tool to ensure a corporation's long-term health
B) used to monitor, evaluate, and disseminate information relevant to the organizational development of strategy
C) used to identify major stockholders
D) used as a tool for corporations to avoid strategic surprise
E) used to determine a firm's competitive advantage
Q2) Porter describes the threat of new entrants.Which of the following is not descriptive of the "threat of new entrants"?
A) depends on the presence of entry barriers
B) has a desire to gain market share
C) depends on the reaction of existing competitors
D) does not impact industry attractiveness
E) brings new capacity and substantial resources
Q3) An industry is a group of firms producing a similar product or service.
A)True
B)False
Q4) Describe the four general forces in the societal environment.
Q5) Define competitive intelligence.
Q6) Distinguish between a fragmented and consolidated industry.
Page 6
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Chapter 5: Organizational Analysis and Competitive Advantage
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Sample Questions
Q1) Research reveals a positive relationship between corporate reputation and financial performance.
A)True
B)False
Q2) The business model used by IBM to make money not selling IBM products,but by selling its expertise to improve their customers operations is the
A) profit pyramid model.
B) advertising model.
C) customer solutions model.
D) efficiency model.
E) entrepreneurial model.
Q3) Human resource departments have found that to reduce employee dissatisfaction and unionization efforts,they must
A) significantly increase their wage rates.
B) shorten the workweek to allow for more leisure time.
C) offer a wider variety of benefits and attractive enticements.
D) guarantee their workers lifetime jobs.
E) consider the quality of work life in the design of jobs.
Q4) Describe Barney's VRIO framework.
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Chapter 6: Strategy Formulation: Business Strategy
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Sample Questions
Q1) Walmart,as a discount retailer,is an example of a company following which of Porter's competitive strategies?
A) differentiation
B) cost leadership
C) differentiation focus
D) competitive advantage
E) cost focus
Q2) Intense supervision of labor,sustained capital investment and access to capital are commonly required skills and resources for which of Porter's generic competitive strategies?
A) cost leadership
B) differentiation
C) cost leadership focus
D) differentiation focus
E) collusion
Q3) In tacit collusion,there is no direct communication among competing firms.
A)True
B)False
Q4) What are the common elements of a well-crafted mission statement?
Q5) What is the impact of hypercompetition on competitive advantage?
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Chapter 7: Strategy Formulation: Corporate Strategy
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108 Verified Questions
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Sample Questions
Q1) Which one of the following directional strategies is most frequently used in corporations?
A) stability
B) consolidation
C) growth
D) retrenchment
E) expansion
Q2) Which strategy involves giving up management of the firm to the courts in return for some settlement of the corporation's obligations?
A) liquidation
B) bankruptcy
C) diversification
D) divestment
E) consolidation
Q3) Define corporate parenting.
Q4) In multipoint competition,large multi-business corporations compete against other large multi-business firms in a number of markets.
A)True
B)False
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Chapter 8: Strategy Formulation: Functional Strategy and Strategic Choice
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Sample Questions
Q1) "The customer is always right" is an example of a policy in Nordstrom's.
A)True
B)False
Q2) A company may use which of the following trade promotions to "pull" their products through the distribution system?
A) discounts
B) in-store special offers
C) advertising allowances
D) coupons
E) consumer advertising
Q3) Which one of the following is not one of the questions that management should raise in their attempt to assess the importance to the corporation of stakeholders' concerns?
A) Which stakeholder group should be represented on the board of directors?
B) How will this decision affect each stakeholder?
C) How much of what the stakeholders want are they likely to get under a certain alternative?
D) What are the stakeholders likely to do if they don't get what they want?
E) What is the probability that the stakeholders will follow through on their demand?
Page 10
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Chapter 9: Strategy Implementation: Global Strategy
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Sample Questions
Q1) The establishment of its own sales company with offices in other countries to eliminate the middlemen and to better control marketing occurs in which stage of international development?
A) Stage 1
B) Stage 2
C) Stage 3
D) Stage 4
E) Stage 5
Q2) An international company is a highly developed company with a deep involvement throughout the world,plus a worldwide perspective in its management and decision-making.
A)True
B)False
Q3) A key driver for strategic fit between international alliance partners is that the alliance must be important to both partners.
A)True
B)False
Q4) Foreign units of MNCs are evaluated more as investment or profit centers.
A)True
B)False
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Chapter 10: Strategy Implementation: Organizing and Structure
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Sample Questions
Q1) What is the additional phase in the organizational life cycle that may occur sometime during the maturity or decline stages?
A) pause phase
B) acquisition phase
C) recovery phase
D) temporal displacement phase
E) revival phase
Q2) Who typically implements strategy in large,multi-industry corporations?
A) the board of directors
B) top management
C) middle management
D) first level management
E) everyone in the organization
Q3) Discuss the network structure.
Q4) In Stage IV,the use of SBUs may result in a red tape crisis in which the corporation has grown too large and complex to be managed through formal programs,and rigid systems and procedures take precedence over problem solving.
A)True
B)False
Page 12
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Chapter 11: Strategy Implementation: Staffing and Directing
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Sample Questions
Q1) Which type of chief executive officer with a conservative style,a production or engineering background,and experience with controlling budgets,capital expenditures,inventories,and standardization procedures would be appropriate for a corporation following a stability strategy?
A) professional liquidator
B) dynamic industry expert
C) turnaround specialist
D) analytical portfolio manager
E) cautious profit planner
Q2) Corporate culture has a strong tendency to resist change because its very reason for existence often rests on preserving stable relationships and patterns of behavior.
A)True
B)False
Q3) Corporate culture should support the strategy of the firm.
A)True
B)False
Q4) A key to the effective management of change is communication.
A)True
B)False
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Chapter 12: Evaluation and Control
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Sample Questions
Q1) Behavior,output,and input controls are all interchangeable.
A)True
B)False
Q2) The use of timely,quantifiable standards guarantees good performance.
A)True
B)False
Q3) The union of all of a company's major business activities from order processing to production within a single family of software modules is known as
A) enterprise resource planning.
B) enterprise strategic planning.
C) information system planning.
D) united resource planning.
E) united strategic planning.
Q4) The worldwide cost of software piracy in 2016 was estimated to be approximately
A) $3 million.
B) $30 million.
C) $3 billion.
D) 63 billion.
E) over $100 billion.
Q5) What is ERP? What are the three reasons why ERP could fail?
Page 14
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Chapter 13: Suggestions for Case Analysis
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Sample Questions
Q1) SEC 10-K forms include detailed information not usually available in an annual report.
A)True
B)False
Q2) Fixed asset turnover is what type of financial ratio?
A) liquidity ratio
B) profitability ratio
C) leverage ratio
D) activity ratio
E) revenue ratio
Q3) Which financial ratio indicates the dividend rate of return to common shareholders at the current market price?
A) return on equity
B) dividend yield on common stock
C) price/earnings ratio
D) dividend payout ratio
E) earnings per share
Q4) What are common-size statements?
Q5) What is the Z-value?
Q6) In performing a basic financial analysis,what five steps should be taken?
Page 15
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