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Exam 8: International Strategy

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Question 71

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A major advantage of multidomestic strategies is the ability to customize for the specific market, although this sacrifices economies of scale.

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Question 72

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A global corporate-level strategy emphasizes

A) differentiated products.
B) economies of scale.
C) sensitivity to local product preferences.
D) decentralizing control and limited monitoring.

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Question 73

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A U.S. manufacturer of adaptive devices for persons with disabilities is considering expanding internationally. It is a fairly small company, but it is looking for growth opportunities. This company should primarily consider the option of

Raymond Vernon states that the classic rationale for international diversification is to

In addition to the four basic dimensions of Porter's "diamond" model, ____ may also contribute to the success or failure of firms.

All of the following are international corporate-level strategies EXCEPT the ____ strategy.

Under industry structural analysis (chapter 2) , ____ rivalry is viewed as detrimental to profitability. Under the model of national advantage (chapter 8) , ____ rivalry is viewed as ____ as it results in competition and surviving firms are able to compete against global rivals.

The greenfield venture option is useful when control of technology is important in an international expansion.

Case Scenario : Heartsong LLC. Heartsong LLC is a designer and manufacturer of replacement heart valves based in Peoria, Illinois. While a relatively small company in the medical devices field, it has established a worldwide reputation as the provider of choice of high-quality, leading-edge artificial heart valves. Most of its products are sold to large regional hospital systems and research hospitals around the world, though primarily to customers in the U.S. and Europe. Specialty heart centers are another emerging, but fast-growing market for its valves. Heartsong has recently embarked on an expansion strategy that requires it to increase its volume, which in turn will demand more component parts than it can source domestically - both from an economic and volume standpoint. The firm has determined that such growth is only viable if it produces these parts itself overseas for a lower cost, or outsources the production entirely to a joint venture it establishes with a local manufacturer, which could both produce the parts more cheaply and in higher volumes. It is considering starting up an owned production facility in Luxembourg, or seeking a joint venture with a precision manufacturer in China. -(Refer to the above Case Scenario ) What opportunities and threats might Heartsong be exposing itself to via the China expansion proposal?

A global strategy is an international strategy through which the firm offers standardized products across country markets, with competitive strategy being dictated by offices within the host markets served.

A global corporate-level strategy differs from a multidomestic corporate-level strategy in that in a global strategy,

International strategy refers to a(an)

South Korea's success in international markets is primarily a result of its abundant natural resources.

Increasingly, customers worldwide are demanding emphasis on local requirements and companies are needing efficiency as global competition increases. This has triggered an increase in the number of firms using the ____ strategy.

U.S. cola companies entered the global market because of

U.S. firms should find it more difficult to expand their operations into Mexico, Canada, and Western European countries than into Asian countries.

The increased pressures for global integration of operations have been driven mostly by

There is no "ideal" level of internationalization as the amount of international diversification that can be managed varies from firm to firm and according to the abilities of each firm's managers.

A global strategy

One of the primary reasons for failure of cross-border strategic alliances is