Exam (elaborations)
Global Strategy 4th Edition By Mike Peng (Test Bank
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Global Strategy 4e Mike Peng (Test Bank Global Strategy 4e Mike Peng (Test Bank
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(Global Strategy 4e Mike Peng )(Test Bank, Correct Answer are marked with*)
Chapter 1
1. The opening case is an example of how global companies hire
employees locally and then train employees to work in other countries.
a. True
*b. False
2. In the opening case, Samsung’s Global Strategy Group has
demonstrated that cultural integration is difficult, with retention
rates below two-thirds.
*a. True
b. False
3. Within Samsung’s Global Strategy Group, Korean colleagues have had
to change their work styles to accommodate Westernized practices.
*a. True
b. False
4. As demonstrated at Samsung, it is easier for Westerners to adapt to
Eastern work styles than for Easterners to adapt to Western work
styles.
a. True
*b. False
5. A multinational enterprise rarely engages in foreign direct
investment.
a. True
*b. False
6. A typical “one-size-fits-all” strategy remains the most effective
for firms “going global.”
a. True
*b. False
7. The current brand of “global strategy” seems relevant only for
multinational enterprises from developed countries, primarily North
America, Europe, and Japan.
*a. True
b. False
,8. In the global economic pyramid, the top tier includes the 2 billion
people whose annual per capita income is greater than US$20,000.
a. True
*b. False
9. Global strategy has, in the past, been primarily focused on markets
that consist of those people who are in the bottom tier of the global
economic pyramid.
a. True
*b. False
10. A SWOT analysis resonates well with Sun Tzu’s teachings.
*a. True
b. False
11. If a strategy (theory) is truly successful, it will work not just
for one firm but for all others as well.
a. True
*b. False
12. If done well, a SWOT analysis will turn unrealized strategies into
intended strategies.
a. True
*b. False
13. The two primary purposes of a theory are to explain the past and
predict the future.
*a. True
b. False
14. The concept of strategy as integration means that strategy is a
combination of planned deliberate actions and unplanned emergent
activities.
*a. True
b. False
15. The quality of management practices around the world does not seem
to correlate well with the level of economic development.
*a. True
, b. False
16. The Japanese use a formal system of interlocking business groups
and relationships, known as guanxi, in determining business strategies.
*a. True
b. False
17. The three key perspectives of strategy as a discipline include
industry-based, resource-based, and labor-based views.
*a. True
b. False
18. Companies use balanced scorecards to summarize business information
into a smaller number of critical factors.
*a. True
b. False
19. Determining the scope of the firm involves not only growth of the
firm but also contraction.
*a. True
b. False
20. The text stresses that realism indicates that all companies should
“go global” and endeavor to do so as quickly as possible in view of the
vast opportunities that exist.
a. True
*b. False
21. The industry-based view posits that the degree of competitiveness
in an industry largely determines firm performance.
a. True
*b. False
22. The resource-based view suggests that firm-specific capabilities do
not drive performance differences.
*a. True
b. False
, 23. The institution-based view argues that institutional forces provide
an answer to similarities in firm performance but not differences.
a. True
*b. False
24. The more traditional meaning of global strategy is any strategy
outside one’s home country.
*a. True
b. False
25. The textbook’s goal is to approach global strategy as the way that
both domestic firms and foreign entrants compete successfully.
*a. True
b. False
26. In discussions of globalization, a case can be made for both
extensive cultural integration as well as the promotion of inequality.
*a. True
b. False
27. Although global strategy is associated with business, the term
globalization means the close integration of countries and peoples of
the world.
*a. True
b. False
28. The earliest MNEs existed in some form thousands of years ago in
the Assyrian, Phoenician, and Roman empires.
*a. True
b. False
29. According to the text, today’s most successful MNEs far exceed the
historical clout of some MNEs such as Britain’s East India Company
during colonial times.
a. True
*b. False
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