Instructor's Solution Manual for Global Business, 5th Edition by Mike W. Peng (Complete Chapters 1-17)

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 m m m m m



The purpose of this chapter is to explore the concepts of international and global business.
m m m m m m m m m m m m m m


mFirst, we discuss the importance of studying global business. Then, we develop the unified
m m m m m m m m m m m m m


mframework used in each chapter, which focuses learning on one fundamental question and
m m m m m m m m m m m m


mtwo core perspectives—an institution-based view and a resource-based view. Next, we
m m m m m m m m m m


mexplore the concepts of globalization, semiglobalization, and risk management. As a
m m m m m m m m m m


mbackdrop for the remainder of the text, the Global Business and Globalization at a
m m m m m m m m m m m m m


mCrossroads section makes two points: First, a basic understanding of the global economy is
m m m m m m m m m m m m m


mnecessary. Second, it is important to critically examine your own personal views and biases
m m m m m m m m m m m m m


mregarding globalization. Additionally, we outline three leading debates concerning business
m m m m m m m m m


mand globalization/deglobalization. Finally, we explore the broad implications for savvy
m m m m m m m m m


mmanagers and students for the future of global business in a less global world.
m m m m m m m m 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


mpreparing your course. They are available in the Instructor Resource Center.
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
m m m m m m m m m m


mof 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
m m m m m m m m m m m


mproduct and how to implement/facilitate use of the assets in synchronous and
m m m m m m m m m m m


masynchronous teaching environments) m m


• Accelerated Course Syllabus (provides guidance on the recommended delivery of
m m m m m m m m m


mcourse 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
m m m m m m m




business. 1-2 Give three reasons why it is important to study global
m m m m m m m m m m m




business.
m




1-3 Articulate one fundamental question and two core perspectives in the study of
m m m m m m m m m m m


global business.
m 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
m m m m m m m m m m m m m


mlikely bias in the globalization debate.
m m m m m




1-6 Participate in three leading debates concerning global
m m m m m m




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.