STRATEGIC MGMT LL CASEBOOK W/CONNECT
4th Edition
ISBN: 9781307485110
Author: Rothaermel
Publisher: MCG/CREATE
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Chapter 10, Problem 2MS
Summary Introduction
To identify: The weakest area of Person X and the ways to improve it.
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Describe Canadian companies that are
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"Many companies struggle with the process of globalization because of an almost insurmountable impulse to pursue international objectives using methods proven and people trained in a company's home country. The global company literature is replete with stories of companies that crossed a national border into a foreign market burdened with assumptions, wholly unprepared for radical changes in their business models."
1. How should we adapt to local conditions?
2. What will you do to prevent your company from engaging in corrupt business practices in China?
How does Global Mindset affect success in
international business? Give an example.
Chapter 10 Solutions
STRATEGIC MGMT LL CASEBOOK W/CONNECT
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- All of the following are important for the success of global managers, except: a. Experience working in a foreign country b. The ability to network across borders c. Knowledge of your job role effectively d. Moneyarrow_forwardThe form and substance of a company’s response to global market opportunities depend greatly on management’s assumptions or beliefs—both conscious and unconscious—about the nature of the world. The worldview of a company’s personnel can be described in three different orientations. State these three management orientations and discuss each one of them with examples. THE 3 MAMNAGMENT ORIENTATIONS ARE : •Ethnocentric Orientation •Polycentric Orientation •Geocentric Orientationarrow_forwardDiscuss the challenges and opportunities of managing in a globalized business environment. How does international management differ from domestic management?arrow_forward
- Discuss the importance of connecting "what" a business does (key activities) and "how they do it" (key resources) to the "why". Why is it so important that a global business can describe their "why"? Why is it important that the employees of the business understand the why? https://www.youtube.com/watch?v=V7vr3JSx-yY https://www.youtube.com/watch?v=pLdWfcLNZ1Aarrow_forwardWhat is globalization and the importance of globalization? Why should Russia and Eastern Europe be of interest to an international manager?”arrow_forwardMultinational Companies is faced with the global-local dilemma. Explain what this means and then briefly discuss the four forms of participation strategies, starting from multi-domestic strategy. What style of leadership and relative qualities do you think is applicable in this scenario?arrow_forward
- "International businesses still greatly underestimate the strategic constraints and challenges formal and informal institutions represent in the specific countries and markets they want to operate in." Discuss this statement under the following heading, using illustrative examples throughout your answers. Certain analytical frameworks help the business practitioner to assess external environments and internal capakilities. Describe and assess the usefulness of PESTEL, CAGE and SWOT analysis.arrow_forwardWhy should you care about international business? Describe theinternational business environments Kodak faced. What are yourthoughts on the issue? Explain.arrow_forwardWhat are the different structures of international business, such as joint ventures, subsidiaries, and strategic alliances, and what are the advantages and disadvantages of each structure in terms of operational efficiency, risk management, and global market penetration? How can management effectively navigate these structures to achieve long-term success in the international marketplace?arrow_forward
- Tesco in Japan and Asian markets Tesco decided to bring together a team of Asian managers who would visit and examine Tesco’s operations in the UK. As Tesco in-siders, they would be familiar with the company’s mission, values, processes, and procedures and thus would be able to feel at home in the store context; as outsiders in the UK, they could see things differently from the British managers, thereby bringing valuable home-country insights and sharing best practices that had evolved in their local markets. The project, “The Essence of Tesco,” had a two-pronged strategic purpose: (1) to determine what was and wasn’t working by conducting a health-check of Tesco UK’s current corporate state; and (2) to compare and contrast that state with what had evolved in Tesco’s Asian subsidiaries so as to learn from and leverage them globally. Tesco chose nine managers from six of its Asian subsidiaries: two each from Thailand, South Korea, and China—its largest Asian markets—and one each from…arrow_forward1. What is globalisation? 2. Discuss two (2) advantages and two (2) disadvantages of globalisation. 3. Utilising Hofstede’s Cultural Dimensions, state the differences in culture between Brazil and Russia? 4. How would you recommend a company deal with the differences in culture when operating in Russia and Brazil?arrow_forwardconduct a comprehensive study of the international businessenvironment of the United States of America, that is, the geography, history, politics, government, economics, and culture.State reasons why you think a locally Home-made garlic sauce will be sold profitably. Propose a strategy for internationalization. Lookingparticularly at entry strategies like exporting, licensing agreements and franchising, partnering and strategic alliances,acquisitions and establishing new, wholly owned subsidaries that could be utilized.1. Hofstede’s dimensions with scores must be included as part of theanalysis.arrow_forward
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