Going Global and Strategy Rebooting

Which economic theory advocates for active government intervention in the economy?

• Neoliberalism

• Keynesian economics

• Glocalization

• Arbitrage strategies

What was the main goal of Keynesian economics during the post-war period?

• Increase inflation

• Promote globalization

• Increase government intervention

• Achieve full employment

What was the driving force behind globalization according to neoliberalism?

• Deregulation

• Protectionism

• Isolationism

• Increased government intervention

What is the term used to describe the process of blending global and local cultural elements?

• Globalization

• Hybridization

• Glocalization

• Convergence

Which strategy involves exploiting price differences in different markets to make a profit?

• Multinational Diversification

• Integrated network

• Arbitrage strategies

• Centralized hubs

What does convergence refer to in the context of globalization?

• Increased differences among countries

• Health and education disparities

• Homogenization of practices and values

• Technological similarity

What is the main focus of a transnational strategy?

• Decentralized operations

• Global coordination only

• Standardization and adaptation

• Local responsiveness only

What is the primary goal of sustainability?

• Short-term gains

• Meeting needs without hurting future ability

• Corporate social responsibility

• Environmental Friendly

What is the phenomenon where multinational enterprises operate under two sets of institutional pressures?

• Hybridization

• Institutional duality

• Decentralized federation

• Globalization

What is the term used to describe companies that operate with a global mindset from their inception?

• Born global

• Arbitrage strategies

• Glocalization

• Multinationals