International Business Strategy
Review Questions
Course Introduction
International Business Strategy explores the formulation and implementation of strategies that enable firms to compete effectively in the global marketplace. The course examines key concepts such as global competitive dynamics, entry modes, cross-cultural management, and adaptation versus standardization of products and processes. Students will analyze case studies on multinational corporations, assess the impact of political, economic, legal, and cultural environments on strategic decision-making, and develop skills in identifying global opportunities and managing risks associated with international operations. By the end of the course, students will have a comprehensive understanding of how organizations create value and achieve sustainable advantages across borders.
Recommended Textbook
Strategic Management and Business Policy 15th Global Edition by J. David Hunger
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Chapter 1: Basic Concepts in Strategic Management
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Sample Questions
Q1) Globalization is the integrated internationalization of markets and corporations.
A)True
B)False
Answer: True
Q2) 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.
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3
Chapter 2: Corporate Governance
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Sample Questions
Q1) Interlocking directorates are a useful method for gaining both inside information about an uncertain environment and objective expertise about potential strategies and tactics.They are,however,increasingly frowned upon because of the possibility of collusion.
A)True
B)False
Answer: True
Q2) According to the text,one of the primary responsibilities of top management in strategic management is
A) ensuring that day-to-day operations are efficient and well run.
B) providing executive leadership.
C) balancing the budget.
D) managing the short-term planning process.
E) making all important decisions.
Answer: B
Q3) The lowest degree of involvement for a board of directors is the catalyst level of interaction.
A)True
B)False
Answer: False
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Chapter 3: Social Responsibility and Ethics in Strategic Management
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Sample Questions
Q1) In 2011,the Ethics Resource Center found that ________ percent of employees surveyed had witnessed misconduct at work and ________ percent had reported it.
A) 65; 45
B) 65; 65
C) 60; 20
D) 45; 65
E) 45; 45
Answer: D
Q2) Managers who want to improve ethical behavior should take actions such as
A) communicate the code of ethics in training programs.
B) emphasize the code of ethics in performance appraisal systems.
C) follow a code of ethical behavior themselves.
D) communicate the code of ethics in policies and procedures.
E) all of the above
Answer: E
Q3) A code of ethics is a useful way to promote ethical behavior.
A)True
B)False
Answer: True
Page 5
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Chapter 4: Environmental Scanning and Industry Analysis
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Sample Questions
Q1) According to Miles and Snow,most major U.S.airlines have reflected which strategic orientation?
A) initiators
B) reactors
C) analyzers
D) prospectors
E) defenders
Q2) Define competitive intelligence.
Q3) One of the sociocultural variables in the societal environment is the changing household composition.
A)True
B)False
Q4) Which barrier to entry do corporations such as P&G use to force new entrants to spend heavily to overcome existing customer loyalty?
A) rivalry among existing firms
B) switching costs
C) capital requirements
D) product differentiation
E) access to distribution channels
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Chapter 5: Organizational Analysis and Competitive Advantage
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110 Flashcards
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Sample Questions
Q1) A value chain is a linked set of value-creating activities.
A)True
B)False
Q2) A good rule of thumb for R&D spending is that a corporation should spend at a "normal" rate for that particular industry unless its strategic plan calls for unusual expenditures.
A)True
B)False
Q3) Which of the following is not a function of corporate culture?
A) conveys a sense of identity for employees
B) adds to the stability of the organization as a social system
C) helps generate employee commitment to something greater than themselves
D) keeps people guessing about what to do next
E) serves as a frame of reference for employees to use as a guide for appropriate behavior
Q4) When employees across the organization hold the same cultural values and norms,this demonstrates a high level of cultural integration.
A)True
B)False
7
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Chapter 6: Strategy Formulation: Business Strategy
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Sample Questions
Q1) When a company is concerned that the higher price it charges for its higher quality is too far above the price of the competition,the company is likely addressing a risk of following which competitive strategy?
A) cost leadership
B) focus
C) stuck-in-the-middle
D) differentiation
E) competitive scope
Q2) Which strategy has been used successfully by Yum! Brands to establish KFC and Pizza Hut restaurants across the globe?
A) joint venture
B) licensing arrangement
C) strategic alliance
D) marketing strategy
E) value-chain partnership
Q3) What are Porter's three generic competitive strategies?
Q4) What are cooperative strategies?
Q5) Discuss the types of alliances that businesses can engage in?
Q6) Discuss the reasons a firm may form a strategic alliance.
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Chapter 7: Strategy Formulation: Corporate Strategy
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Sample Questions
Q1) Underlying the BCG Growth-Share Matrix is the concept of the A) product life cycle.
B) industry life cycle.
C) market size.
D) experience curve.
E) industry profitability.
Q2) A disadvantage of vertical integration is that it
A) creates exit barriers.
B) improves coordination of activities.
C) decreases demand for the firm's products and services.
D) creates entry barriers.
E) avoids time consuming tasks.
Q3) A long-term contract is considered vertical integration.
A)True
B)False
Q4) According to the BCG Growth-Share Matrix,question marks are also known as "problem children."
A)True
B)False
Q5) What is portfolio analysis?
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Chapter 8: Strategy Formulation: Functional Strategy and Strategic Choice
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Sample Questions
Q1) Another approach to evaluating alternatives under conditions of high environmental uncertainty is to use the
A) net present value.
B) real-options approach.
C) stakeholder priority matrix.
D) risk assessment approach.
E) hurdle rate approach.
Q2) The continuous improvement system was developed by Deming.
A)True
B)False
Q3) The key to outsourcing is to purchase from outside only those activities that are not key to the company's distinctive competencies.
A)True
B)False
Q4) Outsourcing is the alternative to vertical integration.
A)True
B)False
Q5) What is a functional strategy?
Q6) What is a corporate scenario? What are the three steps in their construction?
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Chapter 9: Strategy Implementation: Global Strategy
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Sample Questions
Q1) The impact on the firm's structure is minimal 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) An MNC should use loose controls on its foreign units,but a global MNC needs tight controls over its many units.
A)True
B)False
Q4) The BOT concept stands for Build,Operate,Transfer.
A)True
B)False
Q5) What are the more popular options for international entry?
Page 11
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Chapter 10: Strategy Implementation: Organizing and Structure
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Sample Questions
Q1) Asking "What would Walt do" at Disney years after his death could present blocks to needed change.
A)True
B)False
Q2) One of the goals to be achieved in strategy implementation is synergy between and among functions and business units.
A)True
B)False
Q3) 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
Q4) After programs have been developed,the budget process begins. A)True
B)False
Q5) The first stage of corporate development is the simple structure. A)True
B)False
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Chapter 11: Strategy Implementation: Staffing and Directing
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Sample Questions
Q1) The emphasis of TQM is correction,not prevention.
A)True
B)False
Q2) According to Hofstede's dimensions of national culture,long-term orientation is the extent to which society is oriented toward the long versus the short term.
A)True
B)False
Q3) A corporation following a concentration strategy emphasizing vertical or horizontal growth would probably not want an aggressive new chief executive with a great deal of experience in that particular industry-a dynamic industry expert.
A)True
B)False
Q4) Staffing issues can involve hiring new people with new skills,firing people with inappropriate or substandard skills,and/or training existing employees to learn new skills.
A)True
B)False
Q5) What is executive succession? Discuss the hiring of insiders versus outsiders.
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Page 13
Chapter 12: Evaluation and Control
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Sample Questions
Q1) Corporations will emphasize output controls when they are following a strategy of A) concentric diversification.
B) conglomerate diversification.
C) retrenchment.
D) divestment.
E) vertical integration.
Q2) The concept that suggest it makes no sense to reinvent something that someone else is already using is
A) benchmarking.
B) ERP.
C) RFID.
D) TQM.
E) MBO.
Q3) International transfer pricing is primarily used not to evaluate performance,but to minimize taxes.
A)True
B)False
Q4) What is the difference between EVA and MVA?
Q5) Discuss the guidelines for proper control.
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Chapter 13: Suggestions for Case Analysis
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Sample Questions
Q1) The index of sustainable growth indicates how much of the growth rate of sales can be sustained by internally generated funds.
A)True
B)False
Q2) All of the following represent liquidity ratios EXCEPT
A) cash ratio.
B) inventory to net working capital.
C) quick ratio.
D) gross profit margin.
E) current ratio.
Q3) To get a proper picture of the position of the organization,common-size statements and ratios should be compared to
A) the organization's future historical performance.
B) the leading competitor in the industry.
C) the financial performance of the overall U.S. gross domestic product (GDP).
D) the direct competitor least like the organization.
E) industry-wide average trends.
Q4) What is the Z-value?
Q5) What ratios are recommended for financial ratio analysis?
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