Question 1

The recession that began in 2008 led to an increase in protectionist measures.

Accepted Answer

A) True 
 B)False

Question 2

According to the text, the current brand of "global strategy" seems relevant only for MNEs from:

Accepted Answer

A)  BRIC.
B)  The Triad.
C)   OPEC nations.
D)   NAFTA.
E)   The E. U.F) A) and E)
G) A) and D)

Question 3

Which of the following is NOT an advantage of "strategy as theory"?​

Accepted Answer

A)  ​It integrates both planning and action schools.
B)  ​It requires both replications and experimentations.
C)   ​It encompasses an understanding of the difficulty of strategic change.
D)   ​It serves the single purpose of prediction.E) A) and B)
F) B) and C)

Question 4

A SWOT analysis resonates well with Sun Tzu's teachings.

Accepted Answer

A) True 
 B)False

Question 5

Why is there a backlash against globalization, and how do aspects of that backlash actually enhance globalization?

Accepted Answer

As the text points out, many incorrectly...

Question 6

During the second half of the twentieth century, Hong Kong, Singapore, South Korea, and Taiwan, refused to participate in the global economy and became known as the "Four Toothless Tigers."

Accepted Answer

A) True 
 B)False

Question 7

Emerging economies (or emerging markets) :

Accepted Answer

A)  Now command a full one-half of the worldwide FDI flow.
B)  Command half of the global gross domestic product (GDP)  measured at purchasing power parity.
C)   Consist of countries which are in a state of decline but which are believed to have potential for growth.
D)   Despite their growth, they still command less than 10% of global GDP.E) A) and D)
F) None of the above

Question 8

Describe how strategy is not "a rulebook" but rather a theory. What advantages does "strategy as theory" have?

Accepted Answer

​Many will point out that rulebooks are ...

Question 9

The _______ view primarily focuses on the ______ in a SWOT analysis.

Accepted Answer

A)  Industry-based; OT
B)  Resource-based;OT
C)   Industry-based; SW
D)   Resource-based; SWE) A) and D)
F) C) and D)

Question 10

What is the difference between developed economies and emerging economies? Give examples of countries that would be consider to have developed economies and those that have emerging economies.

Accepted Answer

​Students may point out that the distinc...

Question 11

If done well, a SWOT analysis will turn unrealized strategies into intended strategies.

Accepted Answer

A) True 
 B)False

Question 12

A multinational enterprise rarely engages in foreign direct investment.

Accepted Answer

A) True 
 B)False

Question 13

In determining the success and failure of firms around the globe, strategic managers will look at :

Accepted Answer

A)  ​How to acquire, leverage, and sustain competitive advantage over time.
B)  ​A comparative analysis of industry-based, resource-based, and institution-based practices.
C)   ​How to best standardize a firm's products and services on a worldwide basis.
D)   ​A standardized balanced scorecard across industries.E) B) and D)
F) A) and B)

Question 14

The earliest MNEs existed in some form thousands of years ago in the Assyrian, Phoenician, and Roman empires.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following best defines "Triad" as the term is used in the text?

Accepted Answer

A)  The United States, Japan, and Germany.
B)  The United States, Canada, and Mexico.
C)   North America, Europe, and Japan.
D)   The U.S. dollar, the Euro, and the Yen.E) A) and B)
F) A) and C)

Question 16

When looking at globalization, many executives, policymakers, and scholars:

Accepted Answer

A)  Consistently side with nongovernmental organizations in opposing globalization.
B)  See more costs than benefits in globalization as it exists today.
C)   Fail to take into sufficient account the social, political, and environmental costs associated with globalization.
D)   Recognize that most other members of society share the same view of globalization.E) A) and C)
F) B) and C)

Question 17

BRIC refers to:

Accepted Answer

A)  Brazil, Russia, India, and China.
B)  Bolivia, Romania, Indonesia, and Columbia.
C)   Bulgaria, Belgium, Romania, Italy, and Canada.
D)   Bahrain, Russia, Iran, and China.E) B) and D)
F) A) and B)

Question 18

According to the text, business students may tend to focus more on the economic gains of globalization, and be less concerned with its darker sides.

Accepted Answer

A) True 
 B)False

Question 19

Determining the scope of the firm involves not only growth of the firm but also contraction.

Accepted Answer

A) True 
 B)False

Question 20

Strategic management is essentially:

Accepted Answer

A)  ​Follows a one-size-fits-all philosophy.
B)  ​A military concept rather than a business concept.
C)   ​The way a firm goes about competing successfully from a "big picture" perspective.
D)   ​None of the above.E) C) and D)
F) A) and D)

Exam 1: Strategizing Around the Globe

The earliest MNEs existed in some form thousands of years ago in the Assyrian, Phoenician, and Roman empires.

Correct AnswerverifiedShow Answer

Why is there a backlash against globalization, and how do aspects of that backlash actually enhance globalization?

Correct AnswerverifiedAs the text points out, many incorrectly...View AnswerShow Answer

Determining the scope of the firm involves not only growth of the firm but also contraction.

Correct AnswerverifiedShow Answer

Which of the following is NOT an advantage of "strategy as theory"?​

Correct AnswerverifiedShow Answer

Emerging economies (or emerging markets) :

Correct AnswerverifiedShow Answer

Describe how strategy is not "a rulebook" but rather a theory. What advantages does "strategy as theory" have?

Correct Answerverified​Many will point out that rulebooks are ...View AnswerShow Answer

According to the text, the current brand of "global strategy" seems relevant only for MNEs from:

Correct AnswerverifiedShow Answer

Strategic management is essentially:

Correct AnswerverifiedShow Answer

The _______ view primarily focuses on the ______ in a SWOT analysis.

Correct AnswerverifiedShow Answer

BRIC refers to:

Correct AnswerverifiedShow Answer

Which of the following best defines "Triad" as the term is used in the text?

Correct AnswerverifiedShow Answer

According to the text, business students may tend to focus more on the economic gains of globalization, and be less concerned with its darker sides.

Correct AnswerverifiedShow Answer

If done well, a SWOT analysis will turn unrealized strategies into intended strategies.

Correct AnswerverifiedShow Answer

What is the difference between developed economies and emerging economies? Give examples of countries that would be consider to have developed economies and those that have emerging economies.

Correct Answerverified​Students may point out that the distinc...View AnswerShow Answer

In determining the success and failure of firms around the globe, strategic managers will look at :

Correct AnswerverifiedShow Answer

During the second half of the twentieth century, Hong Kong, Singapore, South Korea, and Taiwan, refused to participate in the global economy and became known as the "Four Toothless Tigers."

Correct AnswerverifiedShow Answer

The recession that began in 2008 led to an increase in protectionist measures.

Correct AnswerverifiedShow Answer

A multinational enterprise rarely engages in foreign direct investment.

Correct AnswerverifiedShow Answer

A SWOT analysis resonates well with Sun Tzu's teachings.

Correct AnswerverifiedShow Answer

When looking at globalization, many executives, policymakers, and scholars:

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
As the text points out, many incorrectly...
View Answer

Correct Answer
verified

Which of the following is NOT an advantage of "strategy as theory"?

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Many will point out that rulebooks are ...
View Answer

Correct Answer
verified

Correct Answer
verified

The _ view primarily focuses on the in a SWOT analysis.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Students may point out that the distinc...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified