Solution Manual for Global Business
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5th Edition m
by Peng Mike. Complete Chapters 1 - 17
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1 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
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a publicly accessible website, in whole or in part.
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,TABLE OF CONTENTS m m m
1. Chapter 1: Introduction
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2. Chapter 2: Formal Institutions: Politics, Laws, and Economics
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3. Chapter 3: Informal Institutions: Cultures, Ethics, and Norms
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4. Chapter 4: Resources and Capabilities
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5. Chapter 5: International Trade
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6. Chapter 6: Foreign Direct Investment
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7. Chapter 7: Foreign Exchange
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8. Chapter 8: Global and Regional Integration
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9. Chapter 9: The Entrepreneurial Firm
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10. Chapter 10: Foreign Market Entry
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11. Chapter 11: Global Competitive Dynamics
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12. Chapter 12: Alliances and Acquisitions
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13. Chapter 13: Strategy, Structure, and Innovation in Multinationals
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14. Chapter 14: Marketing and Supply Chain Management
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15. Chapter 15: Human Resource Management
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16. Chapter 16: Corporate Finance and Governance
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mmmmmmmmmmmm Chapter 17: Corporate Social Responsibility
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2 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
m m m m m m m m m m m m m m m
a publicly accessible website, in whole or in part.
m m m m m m m m
,Chapter 1 m
Table of Contents m m
Purpose and Perspective of the Chapter .................................................................................................................. 2
m m m m m
Cengage Supplements ................................................................................................................................................... 2
m
Chapter Objectives .......................................................................................................................................................... 2
m
Complete List of Chapter Activities and Assessments .......................................................................................... 3
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What's New in This Chapter .......................................................................................................................................... 3
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Opening Case Discussion: Emerging Markets—Apple, America, and China ................................................ 3
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Chapter Outline ................................................................................................................................................................ 4
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End-of-Chapter Guide .................................................................................................................................................... 9
m
Review Questions ........................................................................................................................................................ 9
m
Critical Discussion Questions ................................................................................................................................ 11
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Global Action .............................................................................................................................................................. 12
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Closing Case: Emerging Markets—Are US Multinationals Good for America? ..................................... 12
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Appendix...........................................................................................................................................................................14
Generic Rubrics .......................................................................................................................................................... 14
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Standard Writing Rubric.......................................................................................................................................... 14
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Standard Discussion Rubric ................................................................................................................................... 14
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3 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
m m m m m m m m m m m m m m m
a publicly accessible website, in whole or in part.
m m m m m m m m
, Purpose and Perspective of the Chapter m m m m m
The purpose of this chapter is to explore the concepts of international and global business. First,
m m m m m m m m m m m m m m m
we discuss the importance of studying global business. Then, we develop the unified framework
m m m m m m m m m m m m m m
used in each chapter, which focuses learning on one fundamental question and two core
m m m m m m m m m m m m m m
perspectives—an institution-based view and a resource-based view. Next, we explore the
m m m m m m m m m m m
concepts of globalization, semiglobalization, and risk management. As a backdrop for the
m m m m m m m m m m m m
remainder of the text, the Global Business and Globalization at a Crossroads section makes two
m m m m m m m m m m m m m m m
points: First, a basic understanding of the global economy is necessary. Second, it is important to
m m m m m m m m m m m m m m m m
critically examine your own personal views and biases regarding globalization. Additionally, we
m m m m m m m m m m m m
outline three leading debates concerning business and globalization/deglobalization. Finally, we
m m m m m m m m m m
explore the broad implications for savvy managers and students for the future of global business
m m m m m m m m m m m m m m m
in a less global world.
m m m m m
Cengage Supplements m
The following product-level supplements provide additional information that may help you in
m m m m m m m m m m m
preparing your course. They are available in the Instructor Resource Center.
m m m m m m m m m m m
• Transition Guide (provides information about what’s new from edition to edition)
m m m m m m m m m m
• Educator’s Guide (describes assets in the platform with a detailed breakdown of
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activities by chapter with seat time)
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• PowerPoint (provides text-based lectures and presentations) m m m m m
• Test Bank (contains assessment questions and problems)
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• Guide to Teaching Online (provides information about the key assets within the product
m m m m m m m m m m m m
and how to implement/facilitate use of the assets in synchronous and asynchronous
m m m m m m m m m m m m
teaching environments)
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• Accelerated Course Syllabus (provides guidance on the recommended delivery of course
m m m m m m m m m m
materials given a 5-week, 8-week, 12-week, and 16-week course)
m m m m m m m m m
• MindTap User Guide (provides information on how to navigate and use MindTap)
m m m m m m m m m m m
Chapter Objectives m
The following objectives are addressed in this chapter:
m m m m m m m
1-1 Explain the concepts of international business and global business.
m m m m m m m m
m 1-2 Give three reasons why it is important to study global business.
m m m m m m m m m m
1-3 Articulate one fundamental question and two core perspectives in the study of global
m m m m m m m m m m m m
business.
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1-4 Describe the importance of globalization, semiglobalization, and risk management.
m m m m m m m m
1-5 State the size of the global economy and its broad trends and understand your likely
m m m m m m m m m m m m m m
bias in the globalization debate.
m m m m m
1-6 Participate in three leading debates concerning global business. m m m m m m m
m 1-7 Draw implications for action. m m m
4 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
m m m m m m m m m m m m m m m
a publicly accessible website, in whole or in part.
m m m m m m m m
m m m m
5th Edition m
by Peng Mike. Complete Chapters 1 - 17
m m m m m m m
1 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
m m m m m m m m m m m m m m m
a publicly accessible website, in whole or in part.
m m m m m m m m
,TABLE OF CONTENTS m m m
1. Chapter 1: Introduction
m m
2. Chapter 2: Formal Institutions: Politics, Laws, and Economics
m m m m m m m
3. Chapter 3: Informal Institutions: Cultures, Ethics, and Norms
m m m m m m m
4. Chapter 4: Resources and Capabilities
m m m m
5. Chapter 5: International Trade
m m m
6. Chapter 6: Foreign Direct Investment
m m m m
7. Chapter 7: Foreign Exchange
m m m
8. Chapter 8: Global and Regional Integration
m m m m m
9. Chapter 9: The Entrepreneurial Firm
m m m m
10. Chapter 10: Foreign Market Entry
m m m m
11. Chapter 11: Global Competitive Dynamics
m m m m
12. Chapter 12: Alliances and Acquisitions
m m m m
13. Chapter 13: Strategy, Structure, and Innovation in Multinationals
m m m m m m m
14. Chapter 14: Marketing and Supply Chain Management
m m m m m m
15. Chapter 15: Human Resource Management
m m m m
16. Chapter 16: Corporate Finance and Governance
m m m m m
mmmmmmmmmmmm Chapter 17: Corporate Social Responsibility
m m m m
2 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
m m m m m m m m m m m m m m m
a publicly accessible website, in whole or in part.
m m m m m m m m
,Chapter 1 m
Table of Contents m m
Purpose and Perspective of the Chapter .................................................................................................................. 2
m m m m m
Cengage Supplements ................................................................................................................................................... 2
m
Chapter Objectives .......................................................................................................................................................... 2
m
Complete List of Chapter Activities and Assessments .......................................................................................... 3
m m m m m m
What's New in This Chapter .......................................................................................................................................... 3
m m m m
Opening Case Discussion: Emerging Markets—Apple, America, and China ................................................ 3
m m m m m m m
Chapter Outline ................................................................................................................................................................ 4
m
End-of-Chapter Guide .................................................................................................................................................... 9
m
Review Questions ........................................................................................................................................................ 9
m
Critical Discussion Questions ................................................................................................................................ 11
m m
Global Action .............................................................................................................................................................. 12
m
Closing Case: Emerging Markets—Are US Multinationals Good for America? ..................................... 12
m m m m m m m m
Appendix...........................................................................................................................................................................14
Generic Rubrics .......................................................................................................................................................... 14
m
Standard Writing Rubric.......................................................................................................................................... 14
m m
Standard Discussion Rubric ................................................................................................................................... 14
m m
3 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
m m m m m m m m m m m m m m m
a publicly accessible website, in whole or in part.
m m m m m m m m
, Purpose and Perspective of the Chapter m m m m m
The purpose of this chapter is to explore the concepts of international and global business. First,
m m m m m m m m m m m m m m m
we discuss the importance of studying global business. Then, we develop the unified framework
m m m m m m m m m m m m m m
used in each chapter, which focuses learning on one fundamental question and two core
m m m m m m m m m m m m m m
perspectives—an institution-based view and a resource-based view. Next, we explore the
m m m m m m m m m m m
concepts of globalization, semiglobalization, and risk management. As a backdrop for the
m m m m m m m m m m m m
remainder of the text, the Global Business and Globalization at a Crossroads section makes two
m m m m m m m m m m m m m m m
points: First, a basic understanding of the global economy is necessary. Second, it is important to
m m m m m m m m m m m m m m m m
critically examine your own personal views and biases regarding globalization. Additionally, we
m m m m m m m m m m m m
outline three leading debates concerning business and globalization/deglobalization. Finally, we
m m m m m m m m m m
explore the broad implications for savvy managers and students for the future of global business
m m m m m m m m m m m m m m m
in a less global world.
m m m m m
Cengage Supplements m
The following product-level supplements provide additional information that may help you in
m m m m m m m m m m m
preparing your course. They are available in the Instructor Resource Center.
m m m m m m m m m m m
• Transition Guide (provides information about what’s new from edition to edition)
m m m m m m m m m m
• Educator’s Guide (describes assets in the platform with a detailed breakdown of
m m m m m m m m m m m
activities by chapter with seat time)
m m m m m m
• PowerPoint (provides text-based lectures and presentations) m m m m m
• Test Bank (contains assessment questions and problems)
m m m m m m
• Guide to Teaching Online (provides information about the key assets within the product
m m m m m m m m m m m m
and how to implement/facilitate use of the assets in synchronous and asynchronous
m m m m m m m m m m m m
teaching environments)
m m
• Accelerated Course Syllabus (provides guidance on the recommended delivery of course
m m m m m m m m m m
materials given a 5-week, 8-week, 12-week, and 16-week course)
m m m m m m m m m
• MindTap User Guide (provides information on how to navigate and use MindTap)
m m m m m m m m m m m
Chapter Objectives m
The following objectives are addressed in this chapter:
m m m m m m m
1-1 Explain the concepts of international business and global business.
m m m m m m m m
m 1-2 Give three reasons why it is important to study global business.
m m m m m m m m m m
1-3 Articulate one fundamental question and two core perspectives in the study of global
m m m m m m m m m m m m
business.
m
1-4 Describe the importance of globalization, semiglobalization, and risk management.
m m m m m m m m
1-5 State the size of the global economy and its broad trends and understand your likely
m m m m m m m m m m m m m m
bias in the globalization debate.
m m m m m
1-6 Participate in three leading debates concerning global business. m m m m m m m
m 1-7 Draw implications for action. m m m
4 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
m m m m m m m m m m m m m m m
a publicly accessible website, in whole or in part.
m m m m m m m m