Strategizing Around the Globe Flashcard

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A hallmark of theory building and development is

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replication.

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When it comes to strategic work as defined by A. G. Lafley, CEOs are primarily responsible for

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shaping the values and standards of the firm.

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Essentially strategy is

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a set of flexible actions.

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Chandler advocated strategy as integration, a perspective in which

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strategy is neither solely about plan nor action but integrates both.

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The current era of globalization originated in the aftermath of

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World War II.

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Which of the following best describes foreign direct investment (FDI)? A firm’s direct investment in production and/or service activities abroad, The purchases of foreign securities by people within the United States, The purchases of U.S. securities by people from other countries, Avoidance of brokers or other financial intermediaries when making foreign investments

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A firm’s direct investment in production and/or service activities abroad

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The school of thought that views strategy as the outcome of rigorous formal planning is based on

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the work of Carl von Clausewitz, a Prussian military strategist.

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Which of the following best reflects the reality of how MNEs adapt their "global" strategies? Zoom broke records in numbers of users in March and April of 2020. The Volkswagen Golf and Ford Mondeo are popular cars throughout the world. Coca-Cola used a set of "world commercials" focused on a polar bear character. The recipe for Coke Classic is different around the world.

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The recipe for Coke Classic is different around the world.

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The notion of global strategy as one-size-fits-all

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fails to adequately accommodate firms in emerging economies.

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In determining the success and failure of firms around the globe, strategic managers will look at how to acquire, leverage, and sustain competitive advantage over time.

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how to acquire, leverage, and sustain competitive advantage over time.