Solution Manual for Global x x x
xBusiness 5th Edition x x x
byPengMike.CompleteChapters1-17
x x x x x x x
1 © x2023 xCengage. xAll xRights xReserved. xMay xnot xbe xscanned, xcopied xor xduplicated, xor
xposted xto x a xpublicly xaccessible xwebsite, xin xwhole xor xin xpart.
,TABLE OF CONTENTS x x
1. Chapter x1: xIntroduction
2. Chapter x2: xFormal xInstitutions: xPolitics, xLaws, xand xEconomics
3. Chapter x3: xInformal xInstitutions: xCultures, xEthics, xand xNorms
4. Chapter x4: xResources xand xCapabilities
5. Chapter x5: xInternational xTrade
6. Chapter x6: xForeign xDirect xInvestment
7. Chapter x7: xForeign xExchange
8. Chapter x8: xGlobal xand xRegional xIntegration
9. Chapter x9: xThe xEntrepreneurial xFirm
10. Chapter x10: xForeign xMarket xEntry
11. Chapter x11: xGlobal xCompetitive xDynamics
12. Chapter x12: xAlliances xand xAcquisitions
13. Chapter x13: xStrategy, xStructure, xand xInnovation xin xMultinationals
14. Chapter x14: xMarketing xand xSupply xChain xManagement
15. Chapter x15: xHuman xResource xManagement
16. Chapter x16: xCorporate xFinance xand xGovernance
Chapter x17: xCorporate xSocial xResponsibility
2 © x2023 xCengage. xAll xRights xReserved. xMay xnot xbe xscanned, xcopied xor xduplicated, xor
xposted xto x a xpublicly xaccessible xwebsite, xin xwhole xor xin xpart.
,Chapter 1 x
Table of Contents
x x
Purpose xand xPerspective xof xthe xChapter .......................................................................................... 2
Cengage xSupplements ..................................................................................................................................... 2
Chapter xObjectives ........................................................................................................................................... 2
Complete xList xof xChapter xActivities xand xAssessments .................................................................... 3
What's xNew xin xThis xChapter........................................................................................................................ 3
Opening xCase xDiscussion: xEmerging xMarkets—Apple, xAmerica, xand xChina .................................. 3
Chapter xOutline ................................................................................................................................................ 4
End-of-Chapter xGuide.......................................................................................................................... 9
Review xQuestions ......................................................................................................................................... 9
Critical xDiscussion xQuestions........................................................................................................ 11
Global xAction .................................................................................................................................. 12
Closing xCase: xEmerging xMarkets—Are xUS xMultinationals xGood xfor xAmerica? ...................... 12
Appendix .......................................................................................................................................................... 14
Generic xRubrics .......................................................................................................................................... 14
Standard xWriting xRubric ............................................................................................................... 14
Standard xDiscussion xRubric .................................................................................................................... 14
3 © x2023 xCengage. xAll xRights xReserved. xMay xnot xbe xscanned, xcopied xor xduplicated, xor
xposted xto x a xpublicly xaccessible xwebsite, xin xwhole xor xin xpart.
, Purpose and Perspective of the Chapter
x x x x x
The xpurpose xof xthis xchapter xis xto xexplore xthe xconcepts xof x international xand xglobal
xbusiness. xFirst, xwe x x x discuss xthe ximportance xof xstudying xglobal xbusiness. xThen, x we
xdevelop xthe xunified xframework xused xin x each x chapter, xwhich xfocuses xlearning xon xone
xfundamental xquestion xand xtwo xcore xperspectives—an xinstitution- x based xview xand xa
xresource-based xview. xNext, xwe xexplore xthe xconcepts xof xglobalization, x semiglobalization,
xand xrisk xmanagement. xAs xa xbackdrop xfor xthe xremainder xof xthe xtext, xthe xGlobal xBusiness
x and xGlobalization xat xa xCrossroads xsection xmakes xtwo xpoints: xFirst, xa xbasic xunderstanding
xof xthe xglobal x economy xis xnecessary. xSecond, xit xis x important xto xcritically xexamine xyour
xown xpersonal xviews xand xbiases x regarding xglobalization. xAdditionally, xwe xoutline xthree
xleading xdebates xconcerning xbusiness xand x globalization/deglobalization. xFinally, xwe
xexplore xthe xbroad ximplications xfor xsavvy xmanagers xand x students xfor xthe xfuture xof xglobal
xbusiness xin xa xless xglobal xworld.
Cengage Supplements x
The xfollowing xproduct-level xsupplements xprovide xadditional xinformation xthat xmay xhelp xyou
xin xpreparing xyour x course. xThey xare xavailable xin xthe xInstructor xResource xCenter.
• Transition xGuide x(provides xinformation xabout xwhat’s xnew xfrom xedition xto xedition)
• Educator’s xGuide x(describes xassets xin xthe xplatform xwith xa xdetailed
xbreakdown xof x activities xby xchapter xwith xseat xtime)
• PowerPoint x(provides xtext-based xlectures xand xpresentations)
• Test xBank x(contains xassessment xquestions xand xproblems)
• Guide xto xTeaching xOnline x(provides xinformation xabout xthe xkey xassets xwithin xthe
xproduct xand xhow x to ximplement/facilitate xuse xof xthe xassets xin xsynchronous xand
xasynchronous xteaching xenvironments)
• Accelerated xCourse xSyllabus x(provides xguidance xon xthe xrecommended
xdelivery xof xcourse x materials xgiven xa x5-week, x8-week, x12-week, xand x16-
week xcourse)
• MindTap xUser xGuide x(provides xinformation xon xhow xto xnavigate xand xuse xMindTap)
Chapter Objectives x
The xfollowing xobjectives xare xaddressed xin xthis xchapter:
1-1 Explain xthe xconcepts xof xinternational xbusiness xand xglobal
x business. x1-2 x Give xthree xreasons xwhy xit xis ximportant xto
x study xglobal xbusiness.
1-3 Articulate xone xfundamental xquestion xand xtwo xcore xperspectives xin xthe xstudy xof xglobal xbusiness
1-4 Describe xthe ximportance xof xglobalization, xsemiglobalization, xand xrisk xmanagement.
1-5 State xthe xsize xof xthe xglobal xeconomy xand xits xbroad xtrends xand xunderstand xyour
xlikely xbias xin x the xglobalization xdebate.
1-6 Participate xin xthree xleading xdebates xconcerning xglobal
x business. x1-7 x Draw ximplications xfor xaction.
4 © x2023 xCengage. xAll xRights xReserved. xMay xnot xbe xscanned, xcopied xor xduplicated, xor
xposted xto x a xpublicly xaccessible xwebsite, xin xwhole xor xin xpart.
xBusiness 5th Edition x x x
byPengMike.CompleteChapters1-17
x x x x x x x
1 © x2023 xCengage. xAll xRights xReserved. xMay xnot xbe xscanned, xcopied xor xduplicated, xor
xposted xto x a xpublicly xaccessible xwebsite, xin xwhole xor xin xpart.
,TABLE OF CONTENTS x x
1. Chapter x1: xIntroduction
2. Chapter x2: xFormal xInstitutions: xPolitics, xLaws, xand xEconomics
3. Chapter x3: xInformal xInstitutions: xCultures, xEthics, xand xNorms
4. Chapter x4: xResources xand xCapabilities
5. Chapter x5: xInternational xTrade
6. Chapter x6: xForeign xDirect xInvestment
7. Chapter x7: xForeign xExchange
8. Chapter x8: xGlobal xand xRegional xIntegration
9. Chapter x9: xThe xEntrepreneurial xFirm
10. Chapter x10: xForeign xMarket xEntry
11. Chapter x11: xGlobal xCompetitive xDynamics
12. Chapter x12: xAlliances xand xAcquisitions
13. Chapter x13: xStrategy, xStructure, xand xInnovation xin xMultinationals
14. Chapter x14: xMarketing xand xSupply xChain xManagement
15. Chapter x15: xHuman xResource xManagement
16. Chapter x16: xCorporate xFinance xand xGovernance
Chapter x17: xCorporate xSocial xResponsibility
2 © x2023 xCengage. xAll xRights xReserved. xMay xnot xbe xscanned, xcopied xor xduplicated, xor
xposted xto x a xpublicly xaccessible xwebsite, xin xwhole xor xin xpart.
,Chapter 1 x
Table of Contents
x x
Purpose xand xPerspective xof xthe xChapter .......................................................................................... 2
Cengage xSupplements ..................................................................................................................................... 2
Chapter xObjectives ........................................................................................................................................... 2
Complete xList xof xChapter xActivities xand xAssessments .................................................................... 3
What's xNew xin xThis xChapter........................................................................................................................ 3
Opening xCase xDiscussion: xEmerging xMarkets—Apple, xAmerica, xand xChina .................................. 3
Chapter xOutline ................................................................................................................................................ 4
End-of-Chapter xGuide.......................................................................................................................... 9
Review xQuestions ......................................................................................................................................... 9
Critical xDiscussion xQuestions........................................................................................................ 11
Global xAction .................................................................................................................................. 12
Closing xCase: xEmerging xMarkets—Are xUS xMultinationals xGood xfor xAmerica? ...................... 12
Appendix .......................................................................................................................................................... 14
Generic xRubrics .......................................................................................................................................... 14
Standard xWriting xRubric ............................................................................................................... 14
Standard xDiscussion xRubric .................................................................................................................... 14
3 © x2023 xCengage. xAll xRights xReserved. xMay xnot xbe xscanned, xcopied xor xduplicated, xor
xposted xto x a xpublicly xaccessible xwebsite, xin xwhole xor xin xpart.
, Purpose and Perspective of the Chapter
x x x x x
The xpurpose xof xthis xchapter xis xto xexplore xthe xconcepts xof x international xand xglobal
xbusiness. xFirst, xwe x x x discuss xthe ximportance xof xstudying xglobal xbusiness. xThen, x we
xdevelop xthe xunified xframework xused xin x each x chapter, xwhich xfocuses xlearning xon xone
xfundamental xquestion xand xtwo xcore xperspectives—an xinstitution- x based xview xand xa
xresource-based xview. xNext, xwe xexplore xthe xconcepts xof xglobalization, x semiglobalization,
xand xrisk xmanagement. xAs xa xbackdrop xfor xthe xremainder xof xthe xtext, xthe xGlobal xBusiness
x and xGlobalization xat xa xCrossroads xsection xmakes xtwo xpoints: xFirst, xa xbasic xunderstanding
xof xthe xglobal x economy xis xnecessary. xSecond, xit xis x important xto xcritically xexamine xyour
xown xpersonal xviews xand xbiases x regarding xglobalization. xAdditionally, xwe xoutline xthree
xleading xdebates xconcerning xbusiness xand x globalization/deglobalization. xFinally, xwe
xexplore xthe xbroad ximplications xfor xsavvy xmanagers xand x students xfor xthe xfuture xof xglobal
xbusiness xin xa xless xglobal xworld.
Cengage Supplements x
The xfollowing xproduct-level xsupplements xprovide xadditional xinformation xthat xmay xhelp xyou
xin xpreparing xyour x course. xThey xare xavailable xin xthe xInstructor xResource xCenter.
• Transition xGuide x(provides xinformation xabout xwhat’s xnew xfrom xedition xto xedition)
• Educator’s xGuide x(describes xassets xin xthe xplatform xwith xa xdetailed
xbreakdown xof x activities xby xchapter xwith xseat xtime)
• PowerPoint x(provides xtext-based xlectures xand xpresentations)
• Test xBank x(contains xassessment xquestions xand xproblems)
• Guide xto xTeaching xOnline x(provides xinformation xabout xthe xkey xassets xwithin xthe
xproduct xand xhow x to ximplement/facilitate xuse xof xthe xassets xin xsynchronous xand
xasynchronous xteaching xenvironments)
• Accelerated xCourse xSyllabus x(provides xguidance xon xthe xrecommended
xdelivery xof xcourse x materials xgiven xa x5-week, x8-week, x12-week, xand x16-
week xcourse)
• MindTap xUser xGuide x(provides xinformation xon xhow xto xnavigate xand xuse xMindTap)
Chapter Objectives x
The xfollowing xobjectives xare xaddressed xin xthis xchapter:
1-1 Explain xthe xconcepts xof xinternational xbusiness xand xglobal
x business. x1-2 x Give xthree xreasons xwhy xit xis ximportant xto
x study xglobal xbusiness.
1-3 Articulate xone xfundamental xquestion xand xtwo xcore xperspectives xin xthe xstudy xof xglobal xbusiness
1-4 Describe xthe ximportance xof xglobalization, xsemiglobalization, xand xrisk xmanagement.
1-5 State xthe xsize xof xthe xglobal xeconomy xand xits xbroad xtrends xand xunderstand xyour
xlikely xbias xin x the xglobalization xdebate.
1-6 Participate xin xthree xleading xdebates xconcerning xglobal
x business. x1-7 x Draw ximplications xfor xaction.
4 © x2023 xCengage. xAll xRights xReserved. xMay xnot xbe xscanned, xcopied xor xduplicated, xor
xposted xto x a xpublicly xaccessible xwebsite, xin xwhole xor xin xpart.
