Foundations of Global Business

Home replication strategy, also known as _________, emphasizes the international replication of the home country-based competencies.

"export" strategy

Product-related diversification involves all of the following except which of the following?

A single business strategy

_______________ seeks to replicate a set of activities in related industries in a small number of countries.

Anchored replicator

What is the best view of the concept of globalization?

Anglo-American capitalism

A(n) __________________ engage in product-unrelated diversification within a small set of countries centered on the home country.

Classic conglomerate

At the dawn of the 21st century, ___________ had significant ramifications for companies and strategists around the world.

Corporate governance crisis

Which is true regarding restructuring?

Corporate restructuring is not widely embraced around the world.

Which of the following would not be considered ab initial set of actions to gain competitive advantage?

Counterattacks

Which geographic diversification is most likely to reduce the liability of foreignness?

Culturally adjacent countries

Strategy as a theory describes how to compete successfully in a global market and continue to give coherence to _____________.

Decisions and actions

Which of the following is not a legal means of signaling?

Direct discussion of reduced rivalry with competitors.

Four strategic choices for MNEs do not include _____________.

Domestic

What are large firms in a small domestic market referred to as?

Enthusiastic internationalizer

The type of knowledge that is codifiable (that is, it can be written down and transferred without losing much of its richness

Explicit

Non-equity modes of entry typically invovle _______________.

Exports and contractual agreements

Which is true of globalized R&D?

For large firms, there are actually diminishing returns for R&D.

As firms expand into more countries, they should recognize that _______________.

Foreign firms primarily deploy overwhelming resources and capabilities that offset the liability of foreignness.

Which structure is used to supply customers (often other MNEs) in a coordinated and consistent way across various countries?

Global account structure

What does the institutional-based view focus on?

Government and societal forces.

Which of the following is not included in a transnational strategy?

Host country demands

Which is one motive for M&A which does not necessarily increase shareholder value?

Hubris

What are the three "legs" of the strategy tripod that ensure a strategy impacts performance?

Industry-based competition, firm specific resources and capabilities, and institutional conditions and transitions.

The Geographic Area Structure is typically set up when firms initially expand abroad, and is often engaged in which type of strategy?

Multi-domestic strategy

Extensive Geographic Scope and related Product Scope are referred to as what?

Multinational replicator

Which of the following does not exemplify a trade barrier?

Nationalization

"Global Strategy" refers to ______________.

Offering standardized products and services on a worldwide basis.

Which of the following is not an argument in favor of centralization in knowledge management but instead is an argument in favor of decentralization?

Permits greater speed, flexibility and innovation

Industry based considerations for diversification strategy includes all of the following except ______________.

Risk reduction and core competencies

Large firms in a large domestic market are referred to as this.

Slow internationalizer

Which of the following does not include first mover advantages?

Successful clashes with dominant firms in domestic markets

Global strategies have reached new levels of significance because of what three defining events?

Terrorist attacks, anti-globalization protests, and corporate crisis in the U.S. and Asia.

All of the following are true of direct exports except, ____________.

The agendas and objectives of the intermediaries and exporters are the same

What does the resource-based view focus on?

The firm's internal strengths and weakness.

What is industry-based strategy concerned with?

The inter-firm rivalry when engaging in strategic actions.

Which is not true concerning U.S. anti-trust policy today?

The legal standards for inter-firm cooperation are no longer ambiguous in the United States.

What are the main types of attacks observed in the market?

Thrust , feint, and gambit.

Firms using the institution-based considerations for foreign market entry should consider all of the following except _______________.

Transaction cost risk

The three drivers of the counterattacks do not include ______________.

Vengeance

Greenfield operations refers to ________________.

Wholly owned subsidiaries

Localization (multi-domestic) strategy is an extension of the ___________ and focuses on a number of foreign countries/regions.

home replication strategy

The International Division Structure is typically set up when firms initially expand abroad, and is often engaged in which type of strategy?

home replication strategy

Managing global competitive dynamics comes down to __________________.

how industry-, resource-, and institution-based considerations influence their competitive/cooperative actions