Solution Manual for Global Business
5th Edition
by Peng Mike. Complete Chapters 1 - 17
1 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
,TABLE OF CONTENTS
1. Chapter 1: Introduction
2. Chapter 2: Formal Institutions: Politics, Laws, and Economics
3. Chapter 3: Informal Institutions: Cultures, Ethics, and Norms
4. Chapter 4: Resources and Capabilities
5. Chapter 5: International Trade
6. Chapter 6: Foreign Direct Investment
7. Chapter 7: Foreign Exchange
8. Chapter 8: Global and Regional Integration
9. Chapter 9: The Entrepreneurial Firm
10. Chapter 10: Foreign Market Entry
11. Chapter 11: Global Competitive Dynamics
12. Chapter 12: Alliances and Acquisitions
13. Chapter 13: Strategy, Structure, and Innovation in Multinationals
14. Chapter 14: Marketing and Supply Chain Management
15. Chapter 15: Human Resource Management
16. Chapter 16: Corporate Finance and Governance
Chapter 17: Corporate Social Responsibility
2 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
,Chapter 1
Table of Contents
Purpose and Perspective of the Chapter ................................................................................................................ 2
Cengage Supplements................................................................................................................................................... 2
Chapter Objectives .......................................................................................................................................................... 2
Complete List of Chapter Activities and Assessments ....................................................................................... 3
What's New in This Chapter ........................................................................................................................................ 3
Opening Case Discussion: Emerging Markets—Apple, America, and China ............................................. 3
Chapter Outline ................................................................................................................................................................ 4
End-of-Chapter Guide ................................................................................................................................................... 9
Review Questions ........................................................................................................................................................ 9
Critical Discussion Questions................................................................................................................................11
Global Action ..............................................................................................................................................................12
Closing Case: Emerging Markets—Are US Multinationals Good for America? ..................................12
Appendix...........................................................................................................................................................................14
Generic Rubrics ..........................................................................................................................................................14
Standard Writing Rubric .........................................................................................................................................14
Standard Discussion Rubric...................................................................................................................................14
3 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
, Purpose and Perspective of the Chapter
/i /i /i /i /i
The /ipurpose /iof /ithis /ichapter /iis /ito /iexplore /ithe /iconcepts /iof /iinternational /iand /iglobal /ibusiness.
/iFirst, /iwe /idiscuss /ithe /iimportance /iof /istudying /iglobal /ibusiness. /iThen, /iwe /idevelop /ithe /iunified
/iframework /iused /iin /ieach /ichapter, /iwhich /ifocuses /ilearning /ion /ione /ifundamental /iquestion /iand
/itwo /icore /iperspectives—an /iinstitution-based /iview /iand /ia /iresource-based /iview. /iNext, /iwe
/iexplore /ithe /iconcepts /iof /iglobalization, /isemiglobalization, /iand /irisk /imanagement. /iAs /ia
/ibackdrop /ifor /ithe /iremainder /iof /ithe /itext, /ithe /iGlobal /iBusiness /iand /iGlobalization /iat /ia
/iCrossroads /isection /imakes /itwo /ipoints: /iFirst, /ia /ibasic /iunderstanding /iof /ithe /iglobal /ieconomy /iis
/inecessary. /iSecond, /iit /iis /iimportant /ito /icritically /iexamine /iyour /iown /ipersonal /iviews /iand /ibiases
/iregarding /iglobalization. /iAdditionally, /iwe /ioutline /ithree /ileading /idebates /iconcerning /ibusiness
/iand /iglobalization/deglobalization. /iFinally, /iwe /iexplore /ithe /ibroad /iimplications /ifor /isavvy
/imanagers /iand /istudents /ifor /ithe /ifuture /iof /iglobal /ibusiness /iin /ia /iless /iglobal /iworld.
Cengage Supplements /i
The /ifollowing /iproduct-level /isupplements /iprovide /iadditional /iinformation /ithat /imay /ihelp /iyou /iin
/ipreparing /iyour /icourse. /iThey /iare /iavailable /iin /ithe /iInstructor /iResource /iCenter.
• Transition /iGuide /i(provides /iinformation /iabout /iwhat’s /inew /ifrom /iedition /ito /iedition)
• Educator’s /iGuide /i(describes /iassets /iin /ithe /iplatform /iwith /ia /idetailed /ibreakdown
/iof /iactivities /iby /ichapter /iwith /iseat /itime)
• PowerPoint /i(provides /itext-based /ilectures /iand /ipresentations)
• Test /iBank /i(contains /iassessment /iquestions /iand /iproblems)
• Guide /ito /iTeaching /iOnline /i(provides /iinformation /iabout /ithe /ikey /iassets /iwithin /ithe
/iproduct /iand /ihow /ito /iimplement/facilitate /iuse /iof /ithe /iassets /iin /isynchronous /iand
/iasynchronous /iteaching /ienvironments)
• Accelerated /iCourse /iSyllabus /i(provides /iguidance /ion /ithe /irecommended /idelivery /iof
/icourse /imaterials /igiven /ia /i5-week, /i8-week, /i12-week, /iand /i16-week /icourse)
• MindTap /iUser /iGuide /i(provides /iinformation /ion /ihow /ito /inavigate /iand /iuse /iMindTap)
Chapter Objectives /i
The /ifollowing /iobjectives /iare /iaddressed /iin /ithis /ichapter:
1-1 Explain /ithe /iconcepts /iof /iinternational /ibusiness /iand /iglobal
business. /i1-2 Give /ithree /ireasons /iwhy /iit /iis /iimportant /ito /istudy /iglobal
/i
/i business.
1-3 Articulate /ione /ifundamental /iquestion /iand /itwo /icore /iperspectives /iin /ithe /istudy /iof
/iglobal /ibusiness.
1-4 Describe /ithe /iimportance /iof /iglobalization, /isemiglobalization, /iand /irisk /imanagement.
1-5 State /ithe /isize /iof /ithe /iglobal /ieconomy /iand /iits /ibroad /itrends /iand /iunderstand /iyour
/ilikely /ibias /iin /ithe /iglobalization /idebate.
1-6 Participate /iin /ithree /ileading /idebates /iconcerning /iglobal
4 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
5th Edition
by Peng Mike. Complete Chapters 1 - 17
1 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
,TABLE OF CONTENTS
1. Chapter 1: Introduction
2. Chapter 2: Formal Institutions: Politics, Laws, and Economics
3. Chapter 3: Informal Institutions: Cultures, Ethics, and Norms
4. Chapter 4: Resources and Capabilities
5. Chapter 5: International Trade
6. Chapter 6: Foreign Direct Investment
7. Chapter 7: Foreign Exchange
8. Chapter 8: Global and Regional Integration
9. Chapter 9: The Entrepreneurial Firm
10. Chapter 10: Foreign Market Entry
11. Chapter 11: Global Competitive Dynamics
12. Chapter 12: Alliances and Acquisitions
13. Chapter 13: Strategy, Structure, and Innovation in Multinationals
14. Chapter 14: Marketing and Supply Chain Management
15. Chapter 15: Human Resource Management
16. Chapter 16: Corporate Finance and Governance
Chapter 17: Corporate Social Responsibility
2 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
,Chapter 1
Table of Contents
Purpose and Perspective of the Chapter ................................................................................................................ 2
Cengage Supplements................................................................................................................................................... 2
Chapter Objectives .......................................................................................................................................................... 2
Complete List of Chapter Activities and Assessments ....................................................................................... 3
What's New in This Chapter ........................................................................................................................................ 3
Opening Case Discussion: Emerging Markets—Apple, America, and China ............................................. 3
Chapter Outline ................................................................................................................................................................ 4
End-of-Chapter Guide ................................................................................................................................................... 9
Review Questions ........................................................................................................................................................ 9
Critical Discussion Questions................................................................................................................................11
Global Action ..............................................................................................................................................................12
Closing Case: Emerging Markets—Are US Multinationals Good for America? ..................................12
Appendix...........................................................................................................................................................................14
Generic Rubrics ..........................................................................................................................................................14
Standard Writing Rubric .........................................................................................................................................14
Standard Discussion Rubric...................................................................................................................................14
3 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
, Purpose and Perspective of the Chapter
/i /i /i /i /i
The /ipurpose /iof /ithis /ichapter /iis /ito /iexplore /ithe /iconcepts /iof /iinternational /iand /iglobal /ibusiness.
/iFirst, /iwe /idiscuss /ithe /iimportance /iof /istudying /iglobal /ibusiness. /iThen, /iwe /idevelop /ithe /iunified
/iframework /iused /iin /ieach /ichapter, /iwhich /ifocuses /ilearning /ion /ione /ifundamental /iquestion /iand
/itwo /icore /iperspectives—an /iinstitution-based /iview /iand /ia /iresource-based /iview. /iNext, /iwe
/iexplore /ithe /iconcepts /iof /iglobalization, /isemiglobalization, /iand /irisk /imanagement. /iAs /ia
/ibackdrop /ifor /ithe /iremainder /iof /ithe /itext, /ithe /iGlobal /iBusiness /iand /iGlobalization /iat /ia
/iCrossroads /isection /imakes /itwo /ipoints: /iFirst, /ia /ibasic /iunderstanding /iof /ithe /iglobal /ieconomy /iis
/inecessary. /iSecond, /iit /iis /iimportant /ito /icritically /iexamine /iyour /iown /ipersonal /iviews /iand /ibiases
/iregarding /iglobalization. /iAdditionally, /iwe /ioutline /ithree /ileading /idebates /iconcerning /ibusiness
/iand /iglobalization/deglobalization. /iFinally, /iwe /iexplore /ithe /ibroad /iimplications /ifor /isavvy
/imanagers /iand /istudents /ifor /ithe /ifuture /iof /iglobal /ibusiness /iin /ia /iless /iglobal /iworld.
Cengage Supplements /i
The /ifollowing /iproduct-level /isupplements /iprovide /iadditional /iinformation /ithat /imay /ihelp /iyou /iin
/ipreparing /iyour /icourse. /iThey /iare /iavailable /iin /ithe /iInstructor /iResource /iCenter.
• Transition /iGuide /i(provides /iinformation /iabout /iwhat’s /inew /ifrom /iedition /ito /iedition)
• Educator’s /iGuide /i(describes /iassets /iin /ithe /iplatform /iwith /ia /idetailed /ibreakdown
/iof /iactivities /iby /ichapter /iwith /iseat /itime)
• PowerPoint /i(provides /itext-based /ilectures /iand /ipresentations)
• Test /iBank /i(contains /iassessment /iquestions /iand /iproblems)
• Guide /ito /iTeaching /iOnline /i(provides /iinformation /iabout /ithe /ikey /iassets /iwithin /ithe
/iproduct /iand /ihow /ito /iimplement/facilitate /iuse /iof /ithe /iassets /iin /isynchronous /iand
/iasynchronous /iteaching /ienvironments)
• Accelerated /iCourse /iSyllabus /i(provides /iguidance /ion /ithe /irecommended /idelivery /iof
/icourse /imaterials /igiven /ia /i5-week, /i8-week, /i12-week, /iand /i16-week /icourse)
• MindTap /iUser /iGuide /i(provides /iinformation /ion /ihow /ito /inavigate /iand /iuse /iMindTap)
Chapter Objectives /i
The /ifollowing /iobjectives /iare /iaddressed /iin /ithis /ichapter:
1-1 Explain /ithe /iconcepts /iof /iinternational /ibusiness /iand /iglobal
business. /i1-2 Give /ithree /ireasons /iwhy /iit /iis /iimportant /ito /istudy /iglobal
/i
/i business.
1-3 Articulate /ione /ifundamental /iquestion /iand /itwo /icore /iperspectives /iin /ithe /istudy /iof
/iglobal /ibusiness.
1-4 Describe /ithe /iimportance /iof /iglobalization, /isemiglobalization, /iand /irisk /imanagement.
1-5 State /ithe /isize /iof /ithe /iglobal /ieconomy /iand /iits /ibroad /itrends /iand /iunderstand /iyour
/ilikely /ibias /iin /ithe /iglobalization /idebate.
1-6 Participate /iin /ithree /ileading /idebates /iconcerning /iglobal
4 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
