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BMAL 590 Global Dimensions of Business Review (Latest 2024/ 2025 Update) Qs & As|| 100% Correct| Grade A (Verified Answers) $10.99   Add to cart
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BMAL 590 Global Dimensions of Business Review (Latest 2024/ 2025 Update) Qs & As|| 100% Correct| Grade A (Verified Answers)
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  • BMAL 590
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  • BMAL 590

BMAL 590 Global Dimensions of Business Review (Latest 2024/ 2025 Update) Qs & As|| 100% Correct| Grade A (Verified Answers) Q: What determines the success and failure of firms around the globe? Answer: The focus on performance, more than anything else, defines the field of strategic mana...

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  • October 5, 2024
  • 29
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • bmal 590
  • global d
  • bmal 590 global dimensions of business review lat
  • what does the resource based view focus on
  • what determines the success and failure of firms a
  • bmal 590 global dimensions of business

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  • BMAL 590
  • BMAL 590

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BMALI590IGlobalIDimensionsIofIBusinessI
ReviewI(LatestI2024/I2025IUpdate)IQsI&IAs|
|I100%ICorrect|IGradeIAI(VerifiedIAnswers)

Q:IWhatIdeterminesItheIsuccessIandIfailureIofIfirmsIaroundItheIglobe?

Answer:
TheIfocusIonIperformance,ImoreIthanIanythingIelse,IdefinesItheIfieldIofIstrategicImanagement
IandIinternationalIbusiness.IBusinessesIareInotIonlyIinterestedIinIacquiringIandIleveragingIcom
petitiveIadvantage,IbutIalsoIinIsustainingIsuchIadvantagesIoverItimeIandIacrossIregions.IAllIth
reeImajorIperspectivesIthatIformItheI"strategyItripod"IultimatelyIseekItoIanswerIthisIquestion.

TheIinternationalIsuccessIorIfailureIofIfirmsIisIdeterminedIbyIthreeIviewsIofItheImarketplaceIa
ndIhowItheIfirmIrespondsItoIeachIofIthoseIviews.I

TheIindustry-basedIviewIattendsItoItheIdegreeIofIcompetitivenessIinItheIindustry.I

TheIresource-basedIviewIevaluatesIsuccessIorIfailureIonIfirm-
specificIdifferencesIinIcapabilitiesIandItheIresultingIperformanceIdifferences.I

TheIinstitution-
basedIviewIattendsItoIinstitutionalIforces,IsuchIasIeconomicIreformsIandIgovernmentIpolicy,Iw
hichImayIaffectIaIfirm'sIsuccessIorIfailure.




Q:ImultinationalIenterprisesI(MNEs)

Answer:
OrganizationsIwithIoperationsIinImultipleIcountries.

TheItraditionalIandInarrowlyIdefinedInotionIofI"globalIstrategy"IrefersItoIaIparticularItheoryIo
nIhowItoIcompeteIandIisIcenteredIonIofferingIstandardizedIproductsIandIservicesIonIaIworld-
wideIbasis.IThisIstrategy,Iobviously,IisIonlyIrelevantIforIMNEs

,Q:I"internationalIstrategy"

Answer:
theIsecondImostIpopularIdefinitionIofIglobalIstrategy

refersItoIanyIstrategyIoutsideIone'sIhomeIcountry.IThisIisInotIanIaccurateIviewIasIitIisInarrowI
andIone-directionalIinItermsIofIbusinessIrelationships.




Q:IWhatIisItheImostIaccurateIandIinsightfulIdefinitionIofIglobalIstrategy?

Answer:
theIstrategyIofIfirmsIaroundItheIworld;IeachIfirm'sItheoryIaboutIhowItoIcompeteIsuccessfullyIi
nIwhateverIcountry'sImarketsItheIfirmIchoosesItoIcompete

ThisIdefinitionIdealsIwithIbothItheIstrategyIofIMNEsI(someIofIwhichImayIfitIintoItheItradition
alInarrowIglobalIstrategyIdefinition)IandItheIstrategyIofIsmallerIfirmsI(someIofIwhichImayIha
veIanIinternationalIpresence,IwhileIothersImayIbeIpurelyIdomestic).I

TheseIfirmsIcompeteIinIbothIdevelopedIandIemergingIeconomies.IInternationalIbusinessIinvolv
esItwoIsides:IdomesticIfirmsIandIforeignIentrants.




Q:IWhatIareItheIthreeIdifferentIviewsIofIglobalization?

Answer:
1.ISeesIglobalizationIasIaIrecentIphenomenonIdrivenIbyItechnologicalIinnovationsIinItransport
ationIandIcommunication.I

2.IRecognizesItheIearlyIhistoricalIrootsIofIglobalization

3.ILikenedItoIaIpendulumIthatIswingsIfromIoneIextremeItoItheIother.I

Semi-
globalizationIchoosesIaImiddleIgroundIbetweenIoppositionIandIunconditionalIacceptanceIofIgl
obalization.

, Q:IWhatIdoIopponentsIofIglobalizationIargue?

Answer:
itIneedsItoIbeIslowedIdown,IifInotIstopped,IbecauseIofItheItendencyIofIMNEsItoIexploitIandId
ominateItheIworld.IThisIviewIarguesIthatIglobalizationIhasIunderminedIwagesIinIrichIcountries
,IexploitedIworkersIinIpoorIcountries,IdevastatedItheIenvironment,IcompromisedIhumanIrights,
IdiminishedInationalIsovereignty,IandIgivenIlargeIMNEsItooImuchIpower.




Q:ITheIcurrentIstateIofIglobalization:

Answer:
canIbeIsummarizedIasIsemi-
globalizationIbecauseIbarriersItoImarketIintegrationIatIbordersIareIhigh,IbutInotIhighIenoughIt
oIcompletelyIinsulateIcountriesIfromIeachIother.




Q:IWhatIareItheIthreeIsetsIofIsuddenIhigh-
profileIeventsIhaveIoccurredIthatIhaveIsignificantIramificationsIforIcompaniesIandIstrategistsIa
roundItheIworld:


Answer:
(1)Ianti-globalizationIprotestsI-
IlostIjobs,IdownwardIpressureIonIwagesIforIunskilledIlabor,IenvironmentalIdestruction

(2)IterroristIattacksIresultingIinIreducedIfreedomIofIinternationalImovement,IenhancedIsecurity
IcheckpointsIwhichIreduceItransitIspeedIandIefficiency,IandIcancelledIorIscaledIdownIforeignI
directIinvestmentI(FDI)IprojectsIandItradeIdeals,IespeciallyIinIhighIriskIregions

(3)ItheIcorporateIgovernanceIcrisisItriggeredIbyItheI1997IAsianIfinancialIcrisisIandItheIscandal
sIofIEnronIandIWorldComIinItheIUnitedIStates.

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