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Crafting a strategy to compete in one or...View Answer
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A) executing a global domination strategy that focuses the company's resource strengths on entry strategies across all country boundaries.
B) ensuring that value chain activities are defined by country-specific attributes to capitalize on economies of scale.
C) building a global brand name and aggressively pursuing opportunities to transfer ideas, products, and capabilities from one country to another.
D) elevating resources and capabilities developed on a country-by-country basis so as to capitalize on a country's uniqueness.
E) implementing mass-customization techniques that can address local preferences efficiently.
G) A) and D)
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A global strategy is one in which a comp...View Answer
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A) whether to customize their offerings in each different country market to match the tastes and preferences of local buyers.
B) whether to pursue a strategy of offering a mostly standardized product worldwide.
C) how much to customize their offerings in each different country market to match the tastes and preferences of local buyers.
D) the tensions between market pressures to localize a company's product offerings country by country and the competitive pressures to lower costs through greater product customization.
E) whether to buy a struggling competitor at a bargain price or pay a premium to gain entry to the local market.
G) C) and D)
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A) Because factors that affect industry competitiveness vary from country to country
B) Because of the potential for location-based advantages to conducting value chain activities in certain countries
C) Because different government policies and economic conditions make the business climate more favorable in some countries than others
D) Because of the risks for shifts in currency exchange rates
E) Because similarities in buyer tastes and preferences facilitate standardization of products and services
G) A) and C)
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There are several options for tailoring ...View Answer
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A) A transnational strategy
B) An international strategy
C) A think-local, act-global strategy
D) A cross-border integrated strategy
E) A standardized integrated strategy
G) A) and D)
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A) employs the same basic competitive approach in all countries where it operates.
B) sells much of the same products everywhere.
C) strives to build global brands.
D) coordinates its actions worldwide with strong headquarters control represents a think-global, act-global approach.
E) uses local brand names to cater to a country's specific needs.
G) A) and E)
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A) Country-to-country differences in consumer buying habits and buyer tastes and preferences
B) Country-to-country variations in host government restrictions and requirements and fluctuating exchange rates
C) Whether to customize the company's offerings in each different country market or whether to offer a mostly standardized product worldwide
D) In which countries to locate company operations for maximum locational advantage, given country-to-country variations in wage rates, worker productivity, energy costs, tax rates, and the like
E) Crafting a multidomestic strategy that works just as well in one country as in another and that also has the appeal of turning the world market into a mostly homogeneous market
G) C) and D)
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A) generally have to consider establishing competitive positions in the markets of emerging countries.
B) are well-advised to avoid all the risks and problems of competing in emerging country markets.
C) seldom have the resource capabilities it takes to be effective in competing in emerging country markets and usually are at a strong competitive disadvantage to the domestic market leaders.
D) can usually be expected to earn sizable profits quickly in emerging country markets.
E) usually encounter very low barriers in entering the markets of emerging countries.
G) C) and D)
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A) Establishing local content requirement on goods made inside their borders by foreign companies
B) Having rules and policies that protect local companies from foreign competition
C) Placing restrictions on exports to ensure adequate local supplies
D) Requiring foreign companies to use vertical integration to support operations of local companies
E) Imposing burdensome tax structures and regulatory requirements upon foreign companies doing business within their borders
G) None of the above
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A) A global strategy entails extensive strategy coordination across countries and a multidomestic strategy entails little or no strategy coordination across countries.
B) A global strategy often entails use of the best suppliers from anywhere in the world, whereas a multidomestic strategy may entail fairly extensive use of local suppliers (especially where use of local sources is required by host governments) .
C) A global strategy tends to involve use of similar distribution and marketing approaches worldwide, whereas a multidomestic strategy often entails adapting distribution and marketing to local customs and the culture of each country.
D) A global strategy involves striving to be the global low-cost provider by economically producing and marketing a mostly standardized product worldwide, whereas a multidomestic strategy entails pursuing broad differentiation and striving to strongly differentiate its products in one country from the products it sells in other countries.
E) A global strategy relies upon the same technologies, competencies, and capabilities worldwide, whereas a multidomestic strategy often entails the use of somewhat different technologies, competencies, and capabilities as may be needed to accommodate local buyer tastes, cultural traditions, and market conditions.
G) A) and E)
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Using domestic plants as a production ba...View Answer
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A) producing and marketing a variety of product versions under the same brand name, with each different version being designed specifically to accommodate the needs and preferences of buyers in a particular country.
B) having little or no strategy coordination across countries.
C) pursuing the same basic competitive strategy theme (low cost, differentiation, best cost, focused) in all countries where the firm does business but giving local managers some latitude to adjust product attributes to better satisfy local buyers and to adjust production, distribution, and marketing to be responsive to local market conditions.
D) selling the company's products under a wide variety of brand names (often one brand for each country or group of neighboring countries) so buyers in each country market will think they are buying a locally made brand.
E) selling numerous product versions (each customized to buyer tastes in one or more countries and sometimes branded for each country) ,but opting to only sell direct to buyers at the company's website so as to bypass the costs of establishing networks of wholesale/retail dealers in each country market.
G) C) and E)
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A) having franchisees bear most of the costs and risks of establishing foreign locations and requiring the franchisor to expend only the resources to recruit, train, and support and monitor franchisees.
B) being particularly well-suited to the global expansion efforts of companies with multidomestic strategies.
C) allowing a company to achieve scale economies.
D) being well suited to companies who employ cross-border transfer strategies.
E) being well suited to the global expansion efforts of manufacturers.
G) C) and E)
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In some instances,dispersing activities ...View Answer
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A) countries previously open to foreign companies have closed their markets.
B) countries that previously had market or mixed economies now embrace planned economies.
C) information technology expands the importance of geographic distance.
D) growth-minded companies are racing to build stronger competitive positions in the markets of more countries.
E) countries opposed to market or mixed economies have stringent trade barriers in place.
G) A) and B)
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A company can benefit immensely from a f...View Answer
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A transnational strategy (sometimes call...View Answer
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A) a company can rank the competitive advantage opportunities in each industry.
B) a company possesses good strategic fit with other businesses and identifies the value chain where this fit occurs.
C) a company derives substantial profits because of its protected market position or unassailable competitive advantage.
D) a company creates substantial investment strategies because it is losing competitive advantage over competitors.
E) a company invests its dividends in expanding its foreign market presence.
G) None of the above
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