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introduction global business

Questions and Answers of Introduction Global Business

What are the advantages and disadvantages of having the positions of board chair and CEO to be held by two different individuals (as opposed to combining these two positions)?
Describe the costs involved in principal-agent con icts.
How do you explain the decline in SOEs?
What steps can you take to proactively develop a global mindset in your career?
How do HR managers benefi t from the four Cs as described by Susan Meisinger?
What are the benefi ts of inpatriation?
What concept can be used to reconcile the best fi t versus best practice debate, and how does it work?
Of the four dimensions in the VRIO analysis of HR activities, which one is most likely to give a fi rm a competitive edge?
How can an understanding of informal institutions help an HR manager avoid problem-causing stereotypes?
Why do you think efforts to establish multinational labor organizations have been unsuccessful?
Who is currently winning when labor unions and management bargain with each other and why?
In terms of expatriate compensation, what is the difference between the going rate approach and the balance sheet approach?
In what ways does a career development plan benefi t an expatriate?
Describe some of the problems experienced by repatriates and how training and development might alleviate them.
What factors often lead to diffi culties or failure of an expatriate on an overseas assignment?
Summarize the four roles that expatriates typically play.
Name and describe three types of staffi ng approaches.
How might a savvy manager use the triple As to enhance a fi rm’s supply chain?
If you were a manager of a fi rm that was planning to begin marketing its product internationally, what steps would you take to avoid marketing blunders?
Devise your own example of a common business situation, and explain how a market-oriented fi rm would handle it as opposed to a relationship-oriented fi rm.
For fi rms that are both manufacturing and service oriented, which function do you think deserves more time and attention? Explain your answer.
If a fi rm was using a VRIO framework to analyze its marketing mix, which of the four qualities do you think would be most signifi cant? Why?
List two examples of how informal institutions affect marketing and/or supply chain management.
List two examples of how formal institutions affect marketing and/or supply chain management.
How might a make-or-buy decision relate to an alliance or an acquisition?
Name and describe the triple As in supply chain management.
Why does supply chain management now become an integral part of the“place” in the marketing mix?
Devise and explain your own example of a product that has a signifi cant total cost of ownership.
How much price elasticity would you say there is among consumers of cars, mobile phones, and rice in your home country?
Market segmentation can be used to divide consumers around the world into what four categories?
Describe the four components of marketing mix.
What is your interpretation of the phrase “act local, think global”?
From time to time, a manager may be faced with the need to change the internal rules of the game within his or her MNE. What skills and capabilities might be useful in achieving this?
What are some of the problems inherent in the functioning of a global virtual team?
Referring to Table 13.2 as needed, summarize how knowledge is developed and disseminated in each of the four types of MNEs.
How would you characterize the two types of knowledge found in an MNE?
What are three key lessons derived from an understanding of the reciprocal nature of the relationship between strategy and structure?
Still referring to Figure 13.1 as needed, describe the four corresponding organizational structures in the integration-responsiveness framework.
Referring to Figure 13.1 as needed, describe the four strategic choices in the integration-responsiveness framework.
The pressure to reduce costs is common to both domestic and international competition, but what additional kind of pressure is unique to international competition? Explain your answer.
Based on Table 12.7 and Table 12.8, assemble a list of soft, relational capabilities you think a savvy manager should possess.
Is it necessary for managers to pay attention to the politics behind alliances and acquisitions? Why?
When does a majority JV seem more appropriate, and when does a minority JV hold more appeal?
If you were part of a fi rm’s leadership, under what conditions would you choose an acquisition over an alliance, and vice versa?
Of the four factors that may in uence alliance performance shown in Figure 12.6, which do you think is the most important and which the least important?Explain your answer.
Referring to Figure 12.4 as needed, explain the three stages in the formation of an alliance.
Explain the meaning of the term real option.
Use the VRIO framework to describe the difference between an alliance and an acquisition.
In what two primary areas do formal institutions affect alliances? Brie y explain the two areas.
List several examples of contractual alliances and several examples of equitybased alliances.
What are some qualities you could develop in yourself to strengthen your capabilities for engaging in competitive dynamics?
Devise your own example of a business-related statement, and express it using legal, competitive language and illegal (or overly aggressive) language based on your understanding of the US legal
Using the United States as a case study, describe four arguments that managers might make regarding antitrust laws.
Do you support or oppose antidumping restrictions? Explain your answer.
What criteria might induce a fi rm to choose a dodger strategy over a contender strategy, and vice versa?
Under what conditions might a fi rm adopt an extender strategy?
Under what conditions might a fi rm undertake a defender strategy?
Describe at least three ways a fi rm might signal its intention to cooperate with a competitor.
Name and describe the three main types of attack in business.
How does a fi rm’s corporate culture and organization affect its ability to engage in competitive actions?
Use your own examples to identify how the VRIO aspects of resources and capabilities affect competitive dynamics.
Why is predatory pricing (in essence, domestic dumping) considered “anticompetitive”and cross-border dumping considered “unfair”?
What is the difference between collusive price setting and predatory pricing?
Some countries’ competition/antitrust policy is procompetition and proconsumer, whereas other countries’ policy is proincumbent and proproducer.How do they differ?
How does a prisoners’ dilemma play out in a business setting?
Explain the differences between tacit collusion and explicit collusion.
If you were a manager charged with choosing a new location for your fi rm’s business, how would you go about matching the location options with your fi rm’s strategic goals?
Devise your own example of how a fi rm might use its capabilities to overwhelmingly offset the liability of foreignness as it moves into a new foreign market.
What type of institutional constraints is most important in governing business conducted in cyberspace?
Alan Rugman and Alain Verbeke assert that there are very few truly global fi rms. Why?
How might the country-of-origin effect change for a fi rm over time?
What are some of the hallmarks of each of the three types of equity modes?
Summarize four types of nonequity contractual agreements.
Name the two types of entry modes associated with exports, and explain how they differ.
What are three benefi ts of being a late mover?
Summarize the fi ve advantages of being a fi rst mover.
Why might a fi rm choose to expand into a culturally similar country? Why might it choose to expand into a foreign country with very different qualities from its home location?
What is the difference between cultural distance and institutional distance?
Describe four attributes that can be found in foreign locations and how these might relate to a fi rm’s strategic goals.
What are some of the location-specifi c advantages found in agglomeration, the clustering of economic activities in a concentrated area?
What does the institution-based view indicate about how a fi rm should deal with the liability of foreignness? What does the resource-based view suggest?
Describe two ways in which foreign fi rms suffer from liability of foreignness.
Devise your own example of an entrepreneurial action that demonstrates your understanding of the difference between being bold and being reckless.
If an entrepreneur’s start-up fails, should the entrepreneur be held accountable for all residual debts? Explain your answer.
We know that it’s possible for an SME to be born global by skipping immediately to the highest stage model, FDI, but do you think it’s wise?
In the entrepreneurial nature versus nurture debate, which do you think carries more power: traits (nature) or institutions (nurture)?
Name and describe at least three of the fi ve ways entrepreneurial SMEs can internationalize without leaving their home countries.
Brie y summarize three modes an SME can use to enter foreign markets.
Explain the genesis and role of microfi nance.
What motivates strategic investors of all kinds to invest in start-ups when they are statistically quite risky?
How important are an entrepreneur’s resources and capabilities in determining his or her success?
Which societal norms tend to encourage entrepreneurship and which discourage it?
Referring to Table 9.1, to what extent do government regulations affect the start up of new fi rms in developed countries as opposed to developing countries?
How prevalent and important are small entrepreneurial fi rms in economies around the globe? Use statistics to support your answer.
How do you defi ne entrepreneurship?
How important is it for a manager to understand the political ramifi cations of global and regional trade negotiations?
What two trends indicate that managers should focus more on regional as opposed to global issues?
What evidence suggests that the WTO may not be as signifi cant as its supporters claim it is?
Some countries involved in regional deals say they are “walking on two legs”with both the WTO and regional economic integration, and others say they have “wound up on all fours.” Why?
Name and describe three examples of regional integration in Asia and the Pacifi c.

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