GOING GLOBAL
A company manufactures all its products in Morocco and ships them to France for sale.
Exporting
Seeing your own culture as superior to others is called:
Ethnocentrism
The reason an organization exists.
Mission
A company's unique strength that competitors struggle to copy.
Core Competency
A company combines another firm's AI technology with its own manufacturing expertise to produce better products.
Which strategic concept explains why this creates value?
Synergy
A clothing company allows a local firm in Egypt to produce and sell its products using its trademark in exchange for royalty payments.
Licensing
A manager spends several weeks learning local customs before negotiating with business partners overseas. What does this show?
Global Mindset
Which goal belongs to top management and describes where the organization wants to be in the future?
Strategic Goal
A company has skilled engineers but outdated factories.
Which SWOT categories are represented?
Strength
Weakness
A company acquires its supplier to lower costs while entering three new countries using local partners.
Which TWO strategies are being used?
Vertical Integration
Joint Venture
A restaurant chain provides its brand name, recipes, training, equipment, and operating system to entrepreneurs in different countries.
Franchising
Employees rarely question their managers because authority is widely accepted. Which Hofstede dimension is illustrated?
High Power Distance
This planning mistake occurs when managers become so committed to a plan that they ignore environmental changes.
Rigidity
A company buys the supplier that provides its raw materials. Which strategy is this?
Vertical Integration
This strategy level answers:
"How will we compete?"
Business-Level Strategy
A company wants complete ownership of a new factory in Brazil and decides to build it from the ground up instead of buying an existing company.
Greenfield Venture
Business meetings begin with long conversations to build trust before discussing contracts. What type of culture is this?
High-Context Culture
A company develops:
Which planning approach is being used?
Contingency Planning
A business unit has:
According to the BCG Matrix?
Cash Cow
Name the only SWOT factors managers cannot directly control.
Opportunities and Threats
This characteristic distinguishes a multinational corporation from a company that simply exports products internationally.
Integrated Worldwide Management
Which Hofstede dimension is MOST closely associated with respect for traditions and fulfilling social obligations?
Short-Term Orientation
Which planning tool is specifically designed to translate strategy into measurable performance indicators?
Balanced Scorecard
Without this, strategy execution usually fails, even if the strategy itself is excellent.
Alignment
Which management philosophy is characterized by local autonomy in foreign subsidiaries, without assuming either home-country superiority or a truly borderless managerial perspective?
Polycentric