Solution Manual for Global Business
B
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c B
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5th Edition B
c
by Peng Mike. Complete Chapters 1 - 17
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c B
c B
c B
c B
c B
c B
c
1 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c
a publicly accessible website, in whole or in part.
B
c B
c B
c B
c B
c B
c B
c B
c
,TABLE OF CONTENTS c B c B c B
1. Chapter 1: Introduction c B c B
2. Chapter 2: Formal Institutions: Politics, Laws, and Economics
c B c B c B c B c B c B c B
3. Chapter 3: Informal Institutions: Cultures, Ethics, and Norms
c B c B c B c B c B c B c B
4. Chapter 4: Resources and Capabilities
c B c B c B c B
5. Chapter 5: International Trade
c B c B c B
6. Chapter 6: Foreign Direct Investment
c B c B c B c B
7. Chapter 7: Foreign Exchange
c B c B c B
8. Chapter 8: Global and Regional Integration
c B c B c B c B c B
9. Chapter 9: The Entrepreneurial Firm
c B c B c B c B
10. Chapter 10: Foreign Market Entry
c B c B c B c B
11. Chapter 11: Global Competitive Dynamics
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12. Chapter 12: Alliances and Acquisitions
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13. Chapter 13: Strategy, Structure, and Innovation in Multinationals
c B c B c B c B c B c B c B
14. Chapter 14: Marketing and Supply Chain Management
c B c B c B c B c B c B
15. Chapter 15: Human Resource Management
c B c B c B c B
16. Chapter 16: Corporate Finance and Governance
c B c B c B c B c B
c B cB cB cB cB cB cB cB cB cB cB cB Chapter 17: Corporate Social Responsibility
c B B
c c B c B
2 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c
a publicly accessible website, in whole or in part.
B
c B
c B
c B
c B
c B
c B
c B
c
,Chapter 1 B
c
Table of Contents c B c B
Purpose and Perspective of the Chapter .................................................................................................................... 2
B
c B
c B
c B
c B
c
Cengage Supplements ................................................................................................................................................... 2
B
c
Chapter Objectives .......................................................................................................................................................... 2
B
c
Complete List of Chapter Activities and Assessments............................................................................................ 3
B
c B
c B
c B
c B
c B
c
What's New in This Chapter ........................................................................................................................................... 3
B
c B
c B
c B
c
Opening Case Discussion: Emerging Markets—Apple, America, and China .................................................. 3
B
c B
c B
c B
c B
c B
c B
c
Chapter Outline................................................................................................................................................................. 4
B
c
End-of-Chapter Guide .................................................................................................................................................... 9
B
c
Review Questions......................................................................................................................................................... 9
B
c
Critical Discussion Questions ................................................................................................................................. 11
B
c B
c
Global Action............................................................................................................................................................... 12
c B
Closing Case: Emerging Markets—Are US Multinationals Good for America? ....................................... 12
B
c B
c B
c B
c c B B
c B
c B
c
Appendix...........................................................................................................................................................................14
Generic Rubrics........................................................................................................................................................... 14
B
c
Standard Writing Rubric .......................................................................................................................................... 14
B
c B
c
Standard Discussion Rubric .................................................................................................................................... 14
B
c B
c
3 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c
a publicly accessible website, in whole or in part.
B
c B
c B
c B
c B
c B
c B
c B
c
, Purpose and Perspective of the Chapter c B c B B
c B
c c B
The purpose of this chapter is to explore the concepts of international and global business. First, we
c B c B B
c c B c B c B c B c B c B c B c B c B c B c B B
c c B
discuss the importance of studying global business. Then, we develop the unified framework used
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c c B c B c B c B c B c B
in each chapter, which focuses learning on one fundamental question and two core perspectives—
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c c B c B B
c c B c B B
c B
c B
c c B c B c B
an institution-based view and a resource-based view. Next, we explore the concepts of
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c c B c B
globalization, semiglobalization, and risk management. As a backdrop for the remainder of the
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c c B c B c B B
c B
c
text, the Global Business and Globalization at a Crossroads section makes two points: First, a basic
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c B
c c B B
c B
c B
c B
c B
c c B B
c c B c B c B c B B
c
understanding of the global economy is necessary. Second, it is important to critically examine
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c B
c c B B
c c B c B B
c c B c B c B
your own personal views and biases regarding globalization. Additionally, we outline three leading
c B c B c B c B c B c B B
c B
c B
c c B B
c B
c B
c
debates concerning business and globalization/deglobalization. Finally, we explore the broad
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c B
c c B c B B
c c B c B c B c B
implications for savvy managers and students for the future of global business in a less global
c B B
c c B c B c B c B B
c B
c c B c B c B c B c B c B c B c B
world.
c B
Cengage Supplements B
c
The following product-level supplements provide additional information that may help you in
B
c c B B
c B
c B
c B
c c B B
c c B B
c B
c
preparing your course. They are available in the Instructor Resource Center.
c B B
c c B c B c B c B c B c B c B B
c c B
• Transition Guide (provides information about what’s new from edition to edition) B
c B
c B
c B
c B
c B
c B
c c B B
c B
c
• Educator’s Guide (describes assets in the platform with a detailed breakdown of B
c B
c c B B
c B
c B
c B
c B
c B
c B
c B
c
activities by chapter with seat time)
c B c B c B c B c B c B
• PowerPoint (provides text-based lectures and presentations) B
c B
c B
c B
c B
c
• Test Bank (contains assessment questions and problems)
B
c B
c B
c B
c B
c B
c
• Guide to Teaching Online (provides information about the key assets within the product and
B
c B
c c B c B c B B
c c B B
c B
c B
c B
c B
c c B
how to implement/facilitate use of the assets in synchronous and asynchronous teaching
c B c B c B c B c B c B c B B
c c B c B c B c B
environments)
c B
• Accelerated Course Syllabus (provides guidance on the recommended delivery of course c B B
c B
c B
c B
c c B B
c B
c B
c B
c
materials given a 5-week, 8-week, 12-week, and 16-week course)
c B c B c B B
c c B c B c B c B B
c
• MindTap User Guide (provides information on how to navigate and use MindTap) B
c B
c B
c c B B
c B
c B
c B
c B
c c B B
c
Chapter Objectives c B
The following objectives are addressed in this chapter:
B
c B
c B
c B
c B
c B
c B
c
1-1 Explain the concepts of international business and global business. 1- B
c B
c B
c c B B
c B
c B
c B
c c B
2 Give three reasons why it is important to study global business.
c B c B c B c B c B c B c B c B c B c B
1-3 Articulate one fundamental question and two core perspectives in the study of global c B c B B
c c B c B c B B
c c B B
c c B B
c c B
business.
c B
1-4 Describe the importance of globalization, semiglobalization, and risk management. B
c B
c B
c c B B
c B
c B
c B
c
1-5 State the size of the global economy and its broad trends and understand your likely bias
B
c c B B
c B
c c B B
c B
c B
c c B B
c B
c c B B
c B
c c B
in the globalization debate.
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c
1-6 Participate in three leading debates concerning global business. 1- B
c B
c B
c B
c B
c B
c c B B
c
7 Draw implications for action. c B c B c B
4 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
B
c B
c B
c c B B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c
a publicly accessible website, in whole or in part.
B
c B
c B
c B
c B
c B
c c B B
c
B
c B
c B
c B
c
5th Edition B
c
by Peng Mike. Complete Chapters 1 - 17
B
c B
c B
c B
c B
c B
c B
c
1 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c
a publicly accessible website, in whole or in part.
B
c B
c B
c B
c B
c B
c B
c B
c
,TABLE OF CONTENTS c B c B c B
1. Chapter 1: Introduction c B c B
2. Chapter 2: Formal Institutions: Politics, Laws, and Economics
c B c B c B c B c B c B c B
3. Chapter 3: Informal Institutions: Cultures, Ethics, and Norms
c B c B c B c B c B c B c B
4. Chapter 4: Resources and Capabilities
c B c B c B c B
5. Chapter 5: International Trade
c B c B c B
6. Chapter 6: Foreign Direct Investment
c B c B c B c B
7. Chapter 7: Foreign Exchange
c B c B c B
8. Chapter 8: Global and Regional Integration
c B c B c B c B c B
9. Chapter 9: The Entrepreneurial Firm
c B c B c B c B
10. Chapter 10: Foreign Market Entry
c B c B c B c B
11. Chapter 11: Global Competitive Dynamics
c B c B c B c B
12. Chapter 12: Alliances and Acquisitions
c B c B c B c B
13. Chapter 13: Strategy, Structure, and Innovation in Multinationals
c B c B c B c B c B c B c B
14. Chapter 14: Marketing and Supply Chain Management
c B c B c B c B c B c B
15. Chapter 15: Human Resource Management
c B c B c B c B
16. Chapter 16: Corporate Finance and Governance
c B c B c B c B c B
c B cB cB cB cB cB cB cB cB cB cB cB Chapter 17: Corporate Social Responsibility
c B B
c c B c B
2 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c
a publicly accessible website, in whole or in part.
B
c B
c B
c B
c B
c B
c B
c B
c
,Chapter 1 B
c
Table of Contents c B c B
Purpose and Perspective of the Chapter .................................................................................................................... 2
B
c B
c B
c B
c B
c
Cengage Supplements ................................................................................................................................................... 2
B
c
Chapter Objectives .......................................................................................................................................................... 2
B
c
Complete List of Chapter Activities and Assessments............................................................................................ 3
B
c B
c B
c B
c B
c B
c
What's New in This Chapter ........................................................................................................................................... 3
B
c B
c B
c B
c
Opening Case Discussion: Emerging Markets—Apple, America, and China .................................................. 3
B
c B
c B
c B
c B
c B
c B
c
Chapter Outline................................................................................................................................................................. 4
B
c
End-of-Chapter Guide .................................................................................................................................................... 9
B
c
Review Questions......................................................................................................................................................... 9
B
c
Critical Discussion Questions ................................................................................................................................. 11
B
c B
c
Global Action............................................................................................................................................................... 12
c B
Closing Case: Emerging Markets—Are US Multinationals Good for America? ....................................... 12
B
c B
c B
c B
c c B B
c B
c B
c
Appendix...........................................................................................................................................................................14
Generic Rubrics........................................................................................................................................................... 14
B
c
Standard Writing Rubric .......................................................................................................................................... 14
B
c B
c
Standard Discussion Rubric .................................................................................................................................... 14
B
c B
c
3 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c
a publicly accessible website, in whole or in part.
B
c B
c B
c B
c B
c B
c B
c B
c
, Purpose and Perspective of the Chapter c B c B B
c B
c c B
The purpose of this chapter is to explore the concepts of international and global business. First, we
c B c B B
c c B c B c B c B c B c B c B c B c B c B c B B
c c B
discuss the importance of studying global business. Then, we develop the unified framework used
c B B
c c B c B c B c B c B B
c c B c B c B c B c B c B
in each chapter, which focuses learning on one fundamental question and two core perspectives—
c B c B B
c c B c B B
c c B c B B
c B
c B
c c B c B c B
an institution-based view and a resource-based view. Next, we explore the concepts of
c B c B c B c B c B c B c B c B c B B
c c B c B
globalization, semiglobalization, and risk management. As a backdrop for the remainder of the
c B c B c B c B c B c B c B B
c c B c B c B B
c B
c
text, the Global Business and Globalization at a Crossroads section makes two points: First, a basic
B
c B
c B
c c B B
c B
c B
c B
c B
c c B B
c c B c B c B c B B
c
understanding of the global economy is necessary. Second, it is important to critically examine
c B c B c B c B B
c B
c c B B
c c B c B B
c c B c B c B
your own personal views and biases regarding globalization. Additionally, we outline three leading
c B c B c B c B c B c B B
c B
c B
c c B B
c B
c B
c
debates concerning business and globalization/deglobalization. Finally, we explore the broad
B
c B
c B
c c B c B B
c c B c B c B c B
implications for savvy managers and students for the future of global business in a less global
c B B
c c B c B c B c B B
c B
c c B c B c B c B c B c B c B c B
world.
c B
Cengage Supplements B
c
The following product-level supplements provide additional information that may help you in
B
c c B B
c B
c B
c B
c c B B
c c B B
c B
c
preparing your course. They are available in the Instructor Resource Center.
c B B
c c B c B c B c B c B c B c B B
c c B
• Transition Guide (provides information about what’s new from edition to edition) B
c B
c B
c B
c B
c B
c B
c c B B
c B
c
• Educator’s Guide (describes assets in the platform with a detailed breakdown of B
c B
c c B B
c B
c B
c B
c B
c B
c B
c B
c
activities by chapter with seat time)
c B c B c B c B c B c B
• PowerPoint (provides text-based lectures and presentations) B
c B
c B
c B
c B
c
• Test Bank (contains assessment questions and problems)
B
c B
c B
c B
c B
c B
c
• Guide to Teaching Online (provides information about the key assets within the product and
B
c B
c c B c B c B B
c c B B
c B
c B
c B
c B
c c B
how to implement/facilitate use of the assets in synchronous and asynchronous teaching
c B c B c B c B c B c B c B B
c c B c B c B c B
environments)
c B
• Accelerated Course Syllabus (provides guidance on the recommended delivery of course c B B
c B
c B
c B
c c B B
c B
c B
c B
c
materials given a 5-week, 8-week, 12-week, and 16-week course)
c B c B c B B
c c B c B c B c B B
c
• MindTap User Guide (provides information on how to navigate and use MindTap) B
c B
c B
c c B B
c B
c B
c B
c B
c c B B
c
Chapter Objectives c B
The following objectives are addressed in this chapter:
B
c B
c B
c B
c B
c B
c B
c
1-1 Explain the concepts of international business and global business. 1- B
c B
c B
c c B B
c B
c B
c B
c c B
2 Give three reasons why it is important to study global business.
c B c B c B c B c B c B c B c B c B c B
1-3 Articulate one fundamental question and two core perspectives in the study of global c B c B B
c c B c B c B B
c c B B
c c B B
c c B
business.
c B
1-4 Describe the importance of globalization, semiglobalization, and risk management. B
c B
c B
c c B B
c B
c B
c B
c
1-5 State the size of the global economy and its broad trends and understand your likely bias
B
c c B B
c B
c c B B
c B
c B
c c B B
c B
c c B B
c B
c c B
in the globalization debate.
c B c B c B B
c
1-6 Participate in three leading debates concerning global business. 1- B
c B
c B
c B
c B
c B
c c B B
c
7 Draw implications for action. c B c B c B
4 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
B
c B
c B
c c B B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c B
c
a publicly accessible website, in whole or in part.
B
c B
c B
c B
c B
c B
c c B B
c
