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Question
A large domestic market can provide the country's industries a chance at dominating the world market because:
a. they have been able to develop economies of scale at home.
b. they have access to abundant and inexpensive factors of production.
c. the related and supporting industries will have been developed.
d. the nation's culture and educational system will be adapted to producing the labor force needed for the industry.
Answer
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Related questions
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a. True
b. False
Q:
A cost leadership strategy targets the industry's ____ customers.
a. most typical
b. poorest
c. least educated
d. most frugal
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Before the firm decides what products to offer and what benefits and features they will have, the firm must decide all the following questions EXCEPT:
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At Southwest Airlines, the complex interrelationship between its culture and human capital adds value for customers in ways that other airlines cannot, such as jokes on flights by flight attendants and cooperation between gate personnel and pilots.
a. True
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Capabilities of an organization emerge spontaneously through the interaction of tangible and intangible resources.
a. True
b. False
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Valuable capabilities allow the firm to exploit strengths or neutralize weaknesses in the internal environment.
a. True
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Q:
The Renault Nissan alliance (Chapter 9 Mini Case) is an example of a _______ created to gain economies of scope by sharing resources and capabilities.
a. diversifying strategic alliance
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Q:
To increase the likelihood of success between partners assuming that trust exists, ____ approach(es) should be used to manage cooperative strategies.
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Q:
Reduction of competition can be accomplished through all of the following EXCEPT:
a. predatory alliances.
b. explicit collusion.
c. tacit collusion.
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Q:
Research in the airline industry suggests that tacit collusion reduces service quality and on-time performance.
a. True
b. False
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Nonequity strategic alliances are formed when one partner owns a much larger (or inequitable) share of the joint venture than do the remaining partner(s).
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Acquisitions are the most common cooperative strategy used in standard-cycle markets.
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A global corporate-level strategy differs from a multi-domestic corporate-level strategy in that in a global strategy:
a. competitive strategy is dictated by the home office.
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c. products are customized to meet the individual needs of each country.
d. the firm sells in multiple countries.
Q:
A fundamental reason for a country's development of advanced and specialized factors of production is often its:
a. lack of basic resources.
b. monetary wealth.
c. small workforce.
d. protective tariffs.
Q:
A multi-domestic corporate-level strategy has ____ need for global integration and ____ need for local market responsiveness.
a. low; low
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Q:
Factors of production in Porter's model of international competitive advantage include all of the following EXCEPT:
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Q:
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a. Autonomy
b. Reactivity
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The more heterogeneous and the larger the top management team, the easier it is to implement strategy effectively.
a. True
b. False
Q:
When a new CEO is selected from outside the firm, a change of strategy is likely, especially if the top management team is homogenous and highly cohesive.
a. True
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Members with substantive expertise in the firm's core functions and businesses aid the effectiveness of the top management team.
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b. False
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b. False
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The most critical ability of a strategic leader is the ability to attract and then manage human capital.
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a. True
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What is organizational culture? What must strategic leaders do to develop and sustain an effective organizational culture?
Q:
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Q:
Describe the organizational structures used to implement cooperative strategies, giving attention to the role of the strategic center firm.