International Management FINAL

Mike Norris was assigned as a business manager at an American MNC's Russian subsidiary. In order to motivate his subordinates, Mike delegated limited authority to some of them. However, it did not work out as he expected. Which of the following is most likely the reason behind the plan's failure?

Workers in Russia are less likely to use their own judgment in making decisions.

Which of the following is a negatively regarded trait of a leader?

dictatorial

Which of the following most likely occurs as a result of expatriate failure?

diminished careers

A(n) ________ policy is likely to be used where a company notes the inadequacy of local managerial skills and determines a high need to maintain close communication and coordination with headquarters.

ethnocentric

Alec is an American working for a software company in Texas. He has been assigned to work on a project in China for a year. He would be considered as a(n) in China.

expatriate

Black and Decker produces tools at a plant in North Carolina and ships the tools to retailers in England. This is an example of which type of international business activity?

exporting

According to the CAGE Model, which of the following refers to the physical, communications, and transportation links between countries?

geographic distance

An expatriate manager who returns after a few years from an overseas assignment to find that there is no position for him in his home country office experiences a(n) __________.

reverse culture shock

Panera Bread is a chain of cafes serving sandwiches, soups, and freshly baked breads. The company began in 1981 with stores primarily located along the east coast of the United States. Since then, the firm has expanded to over 1, 300 locations throughout the United States and Canada. The firm has strong earnings and has been designated by Business Week as a "Significant Growth Company." Panera Bread executives are considering the idea of expanding globally by opening cafes in Asia through a franchising strategy. Which of the following, if true, supports the argument that Panera Bread should expand into Asia through franchising?

Panera Bread executives want fast access to the Asian market without a significant investment of capital.

The _______ leader is one who delegates decision making and encourages subordinates to take responsibility.

Participative

The second part of the strategic management process involves the __________________.

analysis stage

A state of disorientation and anxiety that results from not knowing how to behave in an unfamiliar culture is called ________.

culture shock

In order to maximize a firm's global human resources, IHR managers need to__________.

develop effective global management teams

Which of the following is the first step of the planning phase of a strategic management process?

establish the company's mission and objectives

At which three levels should firms ideally perform global environmental analysis?

global, regional and national

Which of the following is a reactive reason that prompted a firm to expand overseas?

globalization of competitors

Successful virtual team managers __________.

have the ability to convey goals and resolve conflicts

Toyota has manufacturing plants in the United States to circumvent ______________.

high import tariffs

Which of the following strategy would involve sharing ownership with a local partner, through agreed on proportions of equity?

international joint venture

Which of the following is an implementation strategy used by McDonald's?

keeping prices low to build market share

Effective human resource management of a company's global cadre ends with ___________.

making sure that the foreign assignment and the reintegration process are positive experiences

Employees in countries that rank low on power distance are more likely to prefer a(n) _________ style.

participative leadership

Acme Electronics, an MNC, typically fills high-level foreign positions with host country nationals. Which staffing model is most likely used by Acme Electronics?

polycentric staffing model

When wholly owned subsidiaries are chosen form of foreign market entry when they _________.

provide greater control of proprietary technology

Poland is seeking new infusions of capital, technology, and know-how. It announces that it shall exempt taxes, provide subsidies, loans and grant concessions for foreign investors. Which of the following measures is the country employing?

providing incentives

Recruiting managers from Latin America for a position in Argentina is an example of __________.

regiocentric staffing approach

Which of the following is the proactive reason that prompts firms to expand overseas?

seeking growth opportunities

When Toyota and GM created a joint venture because Toyota wanted to learn about how to deal with labor and parts suppliers in the U.S. market while GM wanted to observe Japanese management practices. What benefit of strategic alliances were Toyota and GM primarily seeking?

shared knowledge

Jamie decides to plan his strategies for starting an electric equipment manufacturing company. His main aim is to ensure that it runs efficiently. He decides to do this in two phases: the planning phase and the implementation phase. Which of the following processes is Jamie employing?

strategic management

Restrictive trade barriers most likely influence the globalization of businesses by encouraging firms to _________.

switch from exporting to overseas manufacturing

Overlooking cultural differences in cross-border alliances can create a negative impact when __________.

target country has conflicting practices and systems

Neil Grahams is a strategic HR advisor in an American MNC. He believes that in today's globalized economy, both the knowledge and management resources as well as the skilled and unskilled employee resources, central to the success of an organization, are dispersed around the world. According to him, an organization can significantly improve global competitiveness by maximizing its global human resources in the long run. With which of the following is Neil most likely to agree?

that IHR managers must develop effective global management teams to improve global competitiveness

In the global stage of a firm's globalization, _____________

the need for training is high

Which of the following is the most beneficial aspect of an international joint venture?

the partner's local contacts and markets will be utilized

In which of the following countries would a merit-based reward system most likely be effective?

the united states

Which of the following motivates a company to form cross-border alliances?

to gain rapid entry into a new and consolidating market

Jeff Richards works for an American MNC. For more than 10 years, Jeff was posted in the company's subsidiary in Ghana. Upon returning to his home country a few months ago, Jeff reported that his international experience had substantially enhanced his skills of making decisions with less information and more uncertainty about the outcome. In this instance, Jeff alludes to which of the following acquired skills?

tolerance for ambiguity

A merit-based reward system would be ineffective in Korea, Taiwan, and Japan, because such a system would most likely _________.

violate the traditional value system

The members of ______________ interact through computer-mediated communication systems and are linked together across time, space, and organizational boundaries.

virtual teams

Having which of the following traits is universally considered to facilitate leadership effectiveness?

visionary