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Global Strategy and Strategic Management

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Global Strategy and Strategic Management

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Questions and Answers

Which one of the following is NOT a perspective of strategy mentioned in the text?

Intended Strategy

Strategy as Action

Replication (correct)

Strategy as Plan

What is the traditional approach to global strategy mentioned in the text?

Treating different countries as collaborators

Treating different countries as competitors

Treating different countries as one worldwide market (correct)

Treating different countries as separate markets

What is the purpose of replication in strategic management?

To establish the boundaries of applicable theory

To develop new theories

To test theory under different conditions (correct)

To validate existing theories

What is the definition of strategic management mentioned in the text?

<p>Managing the form from a strategic, big picture perspective</p> Signup and view all the answers

What does the term 'external opportunities (O)' refer to in the context of global strategy?

<p>Opportunities outside the organization</p> Signup and view all the answers

Study Notes

Perspectives of Strategy

Four perspectives of strategy mentioned in the text: institutional, resource-based, industry organization, and multinational

Traditional Approach to Global Strategy

Traditional approach involves standardizing products and advertising globally

Replication in Strategic Management

Replication is used to transfer a successful business model or strategy to a new market or country

Definition of Strategic Management

Strategic management refers to a continuous process of analyzing, deciding, implementing, and controlling actions to achieve organizational goals and objectives

External Opportunities (O)

External opportunities (O) refer to opportunities arising from the external environment that an organization can leverage to achieve its goals

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Description

Test your knowledge of global strategy and strategic management with this quiz! Learn about external opportunities and threats in the global environment, as well as the theory behind successful competitive strategies. Explore the concept of global strategy and its importance in today's interconnected world.