International Business Strategy
Test Bank
Course Introduction
International Business Strategy explores the principles and frameworks essential for understanding and managing business operations in a global context. The course examines how firms develop and implement strategies to compete effectively in international markets, considering factors such as globalization, cultural differences, international regulations, and geopolitical risks. Students will analyze real-world cases to learn about entry modes, global value chains, competition, adaptation versus standardization, and the roles of innovation and corporate social responsibility. Through interactive discussions and practical assignments, participants will gain the analytical skills needed to formulate and execute strategies for multinational enterprises in a rapidly evolving global environment.
Recommended Textbook
Strategic Management Text and Cases 8th Edition by Gregory Dess
Available Study Resources on Quizplus 12 Chapters
1724 Verified Questions
1724 Flashcards
Source URL: https://quizplus.com/study-set/3051
Page 2
Chapter 1: Strategic Management: Creating Competitive Advantages
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174 Verified Questions
174 Flashcards
Source URL: https://quizplus.com/quiz/60609
Sample Questions
Q1) Ambidextrous behaviors in individuals illustrate how a dual capacity for _______ can be woven into the fabric of an organization at the individual level.
A) alignment and adaptability
B) alignment and transparency
C) alignment and internal linkages
D) alignment and efficiency
Answer: D
Q2) Both the internal and external environments of a firm must be analyzed as well as the goals of the firm before managers can formulate and implement appropriate strategies.
A)True
B)False
Answer: True
Q3) Local line leaders are key in setting the tone for the empowerment of employees.
A)True
B)False
Answer: False
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Page 3
Chapter 2: Analyzing the External Environment of the Firm:
Creating Competitive Advantages
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173 Verified Questions
173 Flashcards
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Sample Questions
Q1) Which of the following is not an input to develop forecasts?
A) environmental scanning
B) competitor intelligence
C) environmental monitoring
D) stakeholder management
Answer: D
Q2) Perceptual acuity can be improved by sitting alone and not consulting others.
A)True
B)False
Answer: False
Q3) Steve Jobs,the former chairman of Apple,used intuition and judgment to forecast the future.
A)True
B)False
Answer: True
Q4) The strategic groups concept is valuable for identifying groups with marginal competitive positions.
A)True
B)False
Answer: True
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Chapter 3: Assessing the Internal Environment of the Firm
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174 Verified Questions
174 Flashcards
Source URL: https://quizplus.com/quiz/60607
Sample Questions
Q1) One advantage of SWOT analysis is that it helps managers to identify strengths that are almost always sources of sustainable competitive advantages.
A)True
B)False
Answer: False
Q2) Which of the following is a support activity?
A) inbound logistics
B) customer service
C) technology development
D) operations
Answer: C
Q3) For a resource to provide a firm with the potential for a sustainable competitive advantage,it must have four attributes.Which of the following is not one of these attributes?
A) rare
B) valuable
C) easy for competitors to substitute
D) difficult for competitors to imitate
Answer: C
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Page 5
Chapter 4: Recognizing a Firms Intellectual Assets: Moving
Beyond a Firms Tangible Resources
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174 Verified Questions
174 Flashcards
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Sample Questions
Q1) Given the narrower boundaries associated with e-teams,members and leaders generally have limited access to a wider range of social contacts than would be typically available in more traditional face-to-face teams.
A)True
B)False
Q2) Social network analysis is helpful because the configuration of the group member social ties within and outside the group affects the extent to which members connect to individuals who do all of the following except A) convey needed resources.
B) have the opportunity to exchange information and support.
C) ensure that everyone has the same perspective on strategic and operational issues. D) have the motivation to treat each other in positive ways.
Q3) Unlike ______ assets,intellectual property can be stolen by simply broadcasting it.
A) intangible
B) hidden
C) physical
D) expensive
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Page 6
Chapter 5: Business-Level Strategy: Creating and Sustaining Competitive Advantages
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163 Verified Questions
163 Flashcards
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Sample Questions
Q1) Few turnarounds require firms to analyze both the external and internal environments relevant to their firm.
A)True
B)False
Q2) Proctor and Gamble announced that it would sell off or close down up to 100 of its brands.This is an example of which turnaround strategy used by successful companies?
A) asset and cost surgery
B) selective product and market pruning
C) piecemeal productivity improvements
D) global expansion
Q3) Which of the following is not a reason for the successful turnaround HSN experienced by 2014 under CEO Mindy Grossman?
A) engaging stakeholders in the discussion
B) redesigning the employee lineup
C) redesigning the company offerings
D) making all best efforts to offer something for everyone
Q4) Mature firms tend to have assets that continue to produce significant returns.
A)True
B)False
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Chapter 6: Corporate-Level Strategy: Creating Value Through Diversification
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114 Verified Questions
114 Flashcards
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Sample Questions
Q1) Creating value within business units can happen when the corporate office helps subsidiaries make wise choices in their own acquisitions,divestures,and new ventures.This is known as
A) parenting.
B) restructuring.
C) leveraging core competencies.
D) increasing market power.
Q2) Internal development may be time consuming and,therefore,firms may forfeit the benefits of speed that growth through __________ and __________ can provide.
A) strategic alliances; joint ventures
B) strategic alliances; mergers
C) mergers; acquisitions
D) mergers; joint ventures
Q3) Which of the following is not part of a good guideline list for managing strategic alliances?
A) establishing a clear understanding between partners
B) not shortchanging your partner
C) relying primarily on a contract to make the joint venture work
D) working hard to ensure a collaborative relationship between partners
Page 8
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Chapter 7: International Strategy: Creating Value in Global Markets
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140 Verified Questions
140 Flashcards
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Sample Questions
Q1) When differentiating products and services to local markets,strategies and tactics are likely to __________ company costs.
A) decrease
B) increase
C) obliterate
D) decentralize
Q2) Which of the following is a reason for the rise in regional expansion?
A) increase in the number of trading blocs and free trade zones
B) decrease in the number of trading blocs and free trade zones
C) increasing national trade restrictions
D) increasing local taxes and tariffs
Q3) Globalization opens the doors for companies to attract new customers.One of the challenges is to determine how to meet the needs of these customers who have
A) different income levels.
B) low income levels.
C) high income levels.
D) steady income levels.
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Page 9
Chapter 8: Entrepreneurial Strategy and Competitive Dynamics
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115 Verified Questions
115 Flashcards
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Sample Questions
Q1) When attacked,older and larger firms tend to respond more quickly,but their responses are often more predictable.
A)True
B)False
Q2) Venture capital funding for entrepreneurial ventures is usually available only after the start-up has become a going concern and established a track record.
A)True
B)False
Q3) The evaluation phase of opportunity recognition occurs when an entrepreneur has an insight about a new business venture,often based on prior knowledge.
A)True
B)False
Q4) The cycle of actions and reactions that occur in daily business leads to new value creation and ongoing advancement of economic well-being.
A)True
B)False
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Page 10
Chapter 9: Strategic Control and Corporate Governance
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116 Verified Questions
116 Flashcards
Source URL: https://quizplus.com/quiz/60601
Sample Questions
Q1) The Sarbanes-Oxley Act of 2002 requires that CEOs and CFOs of publicly-listed companies must reveal off-balance-sheet finances and vouch for the accuracy of information provided.
A)True
B)False
Q2) For the maximum benefit of each part,a corporation is a mechanism created to allow different parties to contribute all of the following except
A) buildings.
B) capital.
C) expertise.
D) labor.
Q3) For businesses facing complex and turbulent business environments,which of the following is true?
A) Goals and objectives that are uncertain prevent opportunism.
B) Traditional strategic controls are usually inappropriate.
C) Complacency about predetermined milestones can prevent adaptability.
D) Detailed plans are needed to maintain order.
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Chapter 10: Creating Effective Organizational Designs
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121 Verified Questions
121 Flashcards
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Sample Questions
Q1) Functional structures are generally found in organizations in which there is a single or unrelated product or service,high production volume,and some vertical integration.
A)True
B)False
Q2) According to the text,boundaryless organizational structures are most effective when they replace rather than complement traditional organizational structures.
A)True
B)False
Q3) In a simple structure where the owner manager makes most of the important decisions,extensive rules and regulations are used to maintain order.
A)True
B)False
Q4) A major disadvantage of the matrix structure is that it duplicates the use of specialized personnel,equipment,and facilities.
A)True
B)False
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Chapter 11: Strategic Leadership: Creating a Learning
Organization and an Ethical Organization
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139 Verified Questions
139 Flashcards
Source URL: https://quizplus.com/quiz/60599
Sample Questions
Q1) Leaders must draw on a range of personal skills as well as organizational mechanisms to move their organizations forward in the face of barriers to change.
A)True
B)False
Q2) All of the following are components of emotional intelligence (EI)except A) self-awareness. B) self-regulation.
C) self-promotion.
D) empathy.
Q3) In the integrity-based approach to ethics management,behavioral assumptions include that social beings are guided by material self-interest,values,ideals,and peers.
A)True
B)False
Q4) Competitive benchmarking is a method of seeking the best examples of practices or processes that have essentially the same function regardless of industry.
A)True
B)False
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Chapter 12: Managing Innovation and Fostering Corporate
Entrepreneurship
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121 Verified Questions
121 Flashcards
Source URL: https://quizplus.com/quiz/60598
Sample Questions
Q1) Whereas ______________ are often associated with a low cost leader strategy,______________ are frequently an important aspect of a differentiation strategy.
A) process innovations; product innovations
B) product innovations; service innovations
C) radical innovations; instrumental innovations
D) marketing innovations; management innovations
Q2) New venture groups are formed within corporations by individuals or a division and usually have the same mandate as a typical research and development department.
A)True
B)False
Q3) Whereas _________ often emerge as heroes,_________ run the risk of losing status by opposing popular projects.
A) managers; employees
B) product champions; exit champions
C) exit champions; product champions
D) shareholders; managers
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Page 14