BUSINESS BMAL 590 ALC6 Global Strategy ALC6 Global Strategy -Overall, strategy is a rulebook a blueprint a set of programmed instructions none of the above -Much of our knowledge about “the firm” is from research on firms in Anglo-American capitalism Japan after World War II German mathematical models emerging markets -The word blank____________ has now become the most famous Chinese business word to appear in English-language media and means interpersonal networks. keiretsu guanxi chaebol blat -“Global Strategy” refers to a particular theory on how to compete offering standardized products and services on a worldwide basis strategy of firms around the globe — essentially various firms’ theories about how to compete successfully all of the above -Global strategies have reached new levels of significance because of three defining events: education, fewer travel restrictions, and world banking cultural diversity, world-wide education standards, and emerging nations terrorist attacks, anti-globalization protests, and corporate crisis in Asia and the U.S. expanding travel, shared sense of capitalism, and world standards for ethical behavior -A SWOT analysis entails a firm’s assessment of blank______ strengths, weaknesses, opposition, and threats strengths, weaknesses, opportunities, and threats strategy, weaknesses, opposition, and threats. strategy, weaknesses. opportunities, and timing -At the dawn of the 21st century, blank____ had significant ramifications for companies and strategists around the world. anti-globalization protests terrorist attacks corporate governance crisis all of the above -Knowing the concepts and components of global strategy will improve job and career opportunities build awareness of what is going on in the world avoid the downside risks of globalization all of the above -What is the best view of the concept of globalization? A new force sweeping through the world in recent times A long-run historical evolution since the dawn of human history A pendulum that swings from one extreme to another from time to time All of the above -What are the three “legs” of the strategy tripod that ensure a strategy impacts performance? Industry-based competition, firm-specific resources and capabilities, and institutional conditions and transitions Resources, industry-based considerations, and local influences Corporate leadership, willingness to take a loss, and desire to build on other-country markets Innovative goods, low-cost production centers, and sufficient capital to withstand the initial stages -In developing a strategy regarding competition or cooperation, it would be useful to not “Look back, reason ahead strengthen capabilities that more effectively compete and/or cooperate understand the rules of the game governing competition around the world understand the nature of your industry -“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 strategy resources markets industry -Which is not true concerning U.S. anti-trust policy today? Legislation has legally permitted rivals to join hands in research and development (R&D) There is increased permissiveness regarding mergers among rivals The legal standards for inter-firm cooperation are no longer ambiguous in the U.S. Clarity of policy has improved -Dumping is defined as shipping hazardous waste to locations in other countries an exporter selling below cost abroad and planning to raise prices after eliminating local rivals unloading unsold inventory from the U.S. in other countries excessive criticism of international 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/anblank_____ strategy. defender extender dodger contender -The main types of attack include thrust feint gambit all of the above -Which of the foll…
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