BMAL 590 Global Dimensions of
Business Questions and Answers
(Graded A)
Overall, strategy is - ANSWER-Strategy as plan and strategy as action.
Much of our knowledge about "the firm" is from research on firms in - ANSWER-Anglo-
American capitalism
The word ________ has now become the most famous Chinese business word to
appear English-language media and means interpersonal networks - ANSWER-Guanxi
"Global Strategy" refers to - ANSWER-is each firm's theory about how to compete
successfully in whatever global markets the firm chooses to compete.
Global strategies have reached new levels of significance because of three defining
events: - ANSWER-Terrorist attacks, anti-globalization protests, and corporate crisis in
Asia and the U.S.
A SWOT analysis entails a firm's assessment of ________ - ANSWER-Strengths,
weaknesses, opportunities, and threats
At the dawn of the 21st century, ________ had significant ramifications for companies
and strategists around the world - ANSWER-1. Anti globalization protests
2. terrorist attacks
3. corporate governance crisis
Knowing the concepts and components of global strategy will - ANSWER-improve job
and career aspiration opportunities, build awareness of what is occurring in the world,
and avoid the downside ricks of globalization.
What is the best view of the concept of globalization? - ANSWER-1. Globalization could
be a new force sweeping through the world in recent years.
2. globalization has always been a part and parcel of human history.
3. argues enormous reductions in transportation and communication costs have allowed
countries and people around the world to be more closely integrated and dismantled
many artificial barriers to the flow of goods, services, capital, knowledge, and labor
across country borders,
What are the three "legs" of the strategy tripod that ensure a strategy impacts
performance? - ANSWER-Industry-based competition, firm-specific resources and
capabilities, and institutional conditions and transitions
, In developing a strategy regarding competition or cooperation, it would be useful to not -
ANSWER-"Look back, reason ahead"
Which of the following is not an argument in favor of centralization in knowledge
management but instead is an argument in favor of decentralization? - ANSWER-
Permits greater speed, flexibility, and innovation
Unique to international competition are the pressures for local responsiveness, which
are reflected in - ANSWER-Pressures for local responsiveness
Four strategic choices for MNEs do not include - ANSWER-Domestic
"The extent to which a given competitor possesses strategic endowment comparable, in
terms of both type and amount, to those of the focal firm" refers to similarity of -
ANSWER-Resources
Which is not true concerning U.S. anti-trust policy today? - ANSWER-The legal
standards for inter-firm cooperation are no longer ambiguous in the U.S.
Dumping is defined as - ANSWER-An exporter selling below cost abroad and planning
to raise prices after eliminating local rivals
In some industries where pressures for globalization are relatively low, local firms may
possess some skills and assets that are transferable overseas, thus leading to a/an
________ strategy - ANSWER-Extender
The main types of attack include - ANSWER-1. Thrust
2. Feint
3. Gambit
Which of the following would not be considered an initial set of actions to gain
competitive advantage - ANSWER-Counterattacks
Which of the following is not a legal means of signaling? - ANSWER-Direct discussion
of reduced rivalry with competitors
Which is true of strategy? - ANSWER-All of the above
The three drives of counterattacks do not include - ANSWER-Vengeance
The type of knowledge that is codifiable (that is, it can be written down and transferred
without losing much of its richness) is called - ANSWER-Explicit
Which is true of globalized R&D? - ANSWER-For large firms, there are actually
diminishing returns for R&D
Business Questions and Answers
(Graded A)
Overall, strategy is - ANSWER-Strategy as plan and strategy as action.
Much of our knowledge about "the firm" is from research on firms in - ANSWER-Anglo-
American capitalism
The word ________ has now become the most famous Chinese business word to
appear English-language media and means interpersonal networks - ANSWER-Guanxi
"Global Strategy" refers to - ANSWER-is each firm's theory about how to compete
successfully in whatever global markets the firm chooses to compete.
Global strategies have reached new levels of significance because of three defining
events: - ANSWER-Terrorist attacks, anti-globalization protests, and corporate crisis in
Asia and the U.S.
A SWOT analysis entails a firm's assessment of ________ - ANSWER-Strengths,
weaknesses, opportunities, and threats
At the dawn of the 21st century, ________ had significant ramifications for companies
and strategists around the world - ANSWER-1. Anti globalization protests
2. terrorist attacks
3. corporate governance crisis
Knowing the concepts and components of global strategy will - ANSWER-improve job
and career aspiration opportunities, build awareness of what is occurring in the world,
and avoid the downside ricks of globalization.
What is the best view of the concept of globalization? - ANSWER-1. Globalization could
be a new force sweeping through the world in recent years.
2. globalization has always been a part and parcel of human history.
3. argues enormous reductions in transportation and communication costs have allowed
countries and people around the world to be more closely integrated and dismantled
many artificial barriers to the flow of goods, services, capital, knowledge, and labor
across country borders,
What are the three "legs" of the strategy tripod that ensure a strategy impacts
performance? - ANSWER-Industry-based competition, firm-specific resources and
capabilities, and institutional conditions and transitions
, In developing a strategy regarding competition or cooperation, it would be useful to not -
ANSWER-"Look back, reason ahead"
Which of the following is not an argument in favor of centralization in knowledge
management but instead is an argument in favor of decentralization? - ANSWER-
Permits greater speed, flexibility, and innovation
Unique to international competition are the pressures for local responsiveness, which
are reflected in - ANSWER-Pressures for local responsiveness
Four strategic choices for MNEs do not include - ANSWER-Domestic
"The extent to which a given competitor possesses strategic endowment comparable, in
terms of both type and amount, to those of the focal firm" refers to similarity of -
ANSWER-Resources
Which is not true concerning U.S. anti-trust policy today? - ANSWER-The legal
standards for inter-firm cooperation are no longer ambiguous in the U.S.
Dumping is defined as - ANSWER-An exporter selling below cost abroad and planning
to raise prices after eliminating local rivals
In some industries where pressures for globalization are relatively low, local firms may
possess some skills and assets that are transferable overseas, thus leading to a/an
________ strategy - ANSWER-Extender
The main types of attack include - ANSWER-1. Thrust
2. Feint
3. Gambit
Which of the following would not be considered an initial set of actions to gain
competitive advantage - ANSWER-Counterattacks
Which of the following is not a legal means of signaling? - ANSWER-Direct discussion
of reduced rivalry with competitors
Which is true of strategy? - ANSWER-All of the above
The three drives of counterattacks do not include - ANSWER-Vengeance
The type of knowledge that is codifiable (that is, it can be written down and transferred
without losing much of its richness) is called - ANSWER-Explicit
Which is true of globalized R&D? - ANSWER-For large firms, there are actually
diminishing returns for R&D
