Ch 1 foundation of global strategy q&a 100% correct 2023

Ch 1 foundation of global strategy q&a 100% correct 2023 Balanced scorecard - CORRECT ANSWER-performance evaluation method from the customer, internal, innovation and learning, and financial perspective Base of pyramid - CORRECT ANSWER-The vast majority of humanity, about five billion people who make less than 200$ a year BRIC - CORRECT ANSWER-Brazil Russia India China BRICS - CORRECT ANSWER-Brazil Russia India China SouthAfrica Emergent strategy - CORRECT ANSWER-A strategy based on the outcome of a stream of smaller decisions from "bottom up Emerging economies - CORRECT ANSWER-label to describe fast growing economies since 1990s Foreign direct Investment - CORRECT ANSWER-a firms direct investment in production and/or service abroad Global Strategy - CORRECT ANSWER-A particular form of international strategy, characterized by production and distribution of standardized products and services around the globe Globalization - CORRECT ANSWER-close integration of countries around the world Information Overload - CORRECT ANSWER-too much information to process Intended Strategy - CORRECT ANSWER-strategy that is deliberately planned for Multinational Enterprise - CORRECT ANSWER-firm engaging in FDI by directly controlling and managing value adding activities in other countries Nongovernmental Organization - CORRECT ANSWER-organization advocating causes such as environment, human rights, and consumer rights that are not affiliated with government Replication - CORRECT ANSWER-repeated testing of theory under a variety of conditions to establish applicable boundaries Reverse Innovation - CORRECT ANSWER-low cost innovation from emerging countries that has potential in developed economies