Global Business Operations and Management

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What is the primary reason multinational enterprises engage in internationalization?

To prevent competitors from growing

What is the main characteristic of global companies?

They offer standardized goods and services globally

What is a key factor in determining the suitable approach for a company entering international markets?

The company's internal context and the environment abroad

What is the primary purpose of transnational companies?

To integrate location-specific activities into a single production process Signup and view all the answers

What is a key reason for multinational enterprises to operate internationally?

To increase sales Signup and view all the answers

What characterizes multidomestic companies?

They have subsidiaries abroad that operate relatively independently Signup and view all the answers

What is the primary goal of the course on managing in a global economy?

To enable students to assume leadership positions in corporate internationalization processes Signup and view all the answers

What is the primary focus of the course in terms of global operations?

Cultural diversity and strategizing processes Signup and view all the answers

What is the outcome of the trend towards international business models?

Globalization of business operations Signup and view all the answers

What is the significance of the example of the American driving a car to work?

It demonstrates the interdependence of the global economy Signup and view all the answers

What is a key study goal of Unit 1?

To learn the basics of important theoretical explanations for globalization processes Signup and view all the answers

What is the context of the course on managing in a global economy?

Global operations and cultural diversity Signup and view all the answers

What is a major difference between Hyundai Heavy and other Korean shipbuilders?

It supplies jobs for Koreans Signup and view all the answers

What can be learned from the case study on Korean shipbuilders?

Competing in a global economy requires ongoing attention and adaptability Signup and view all the answers

What happened to the German shipbuilding sector in the 1980s?

It almost collapsed due to competition from Korean shipbuilders Signup and view all the answers

What was a key difference between German and Korean shipbuilders in the 1970s and 1980s?

German shipbuilders had a technological advantage over Korean firms Signup and view all the answers

What was the outcome of Korean shipbuilders meeting German technical standards?

The German shipbuilding sector almost collapsed Signup and view all the answers

What is a common strategy for companies starting their international operations?

Inexpensive methods Signup and view all the answers

Where were German shipbuilders previously a significant job provider?

In Schleswig-Holstein, Hamburg, Bremen, and Lower Saxony Signup and view all the answers

What are the three concepts underlying the internationalization of business?

Export-based, non-equity-based, and equity-based approaches Signup and view all the answers

What does export usually imply in international business?

Producing domestically and selling abroad Signup and view all the answers

What is the role of third-party businesses in indirect export?

Acting as intermediaries for shipment and distribution Signup and view all the answers

What can be inferred about a company that starts with export-based approaches?

It is testing international markets before investing heavily Signup and view all the answers

What is an example of the significance of import and export in daily life?

A mobile phone with components sourced from multiple countries Signup and view all the answers

What is the primary motivation for international companies to access resources in foreign markets?

To reduce dependence on domestic markets Signup and view all the answers

Which of the following is a characteristic of multidomestic companies?

A strong focus on local markets Signup and view all the answers

What is the primary advantage of non-equity-based approaches to international business operations?

Lower risk exposure Signup and view all the answers

Which of the following contextual factors is characterized by a cross-cutting nature?

Cultural context Signup and view all the answers

What is the primary purpose of an environmental analysis in international business?

To identify potential risks and opportunities in a foreign market Signup and view all the answers

Which of the following is a disadvantage of export-based approaches to international business operations?

Higher transportation costs Signup and view all the answers

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