International Business Entry Modes and Strategies Quiz

The landscape, contours and national patterns of growth and development, which are influenced by historical, economic, and political factors.

National culture is the primary factor that shapes acceptable management practices.

Describes the world as a single marketplace driven by the spread of free-market capitalism.

The converging trend towards a globalized system.

A multinational corporation - a business entity that operates in multiple countries.

Rule by an individual or group with absolute power, with little or no accountability to citizens.

A legal system based on religious beliefs and teachings.

Analyzing the political, economic, social, and technological factors of a business environment.

The degree of unfamiliarity with the culture of a foreign business location.

Risks associated with government changes, tax regulations, and obstacles to resource transfer.

The right to patent a product or invention in a first-to-file system.

Entry modes that involve transferring a company's know-how or assets to another country.

Expatriates underestimate cultural differences and experience more culture shock than expected.

Mergers between companies in the same industry.

The decline of a company's international activities due to failure or strategic decisions.

Partnerships between companies in different lines of business.

A single overarching strategy for a company's global network, including subsidiaries and international partnerships.

A prediction that there would be a single global market with standardized products.

Different types of assignments for expatriates, including management development, business development, and technical expertise.

A classification system for expatriates based on their roles and levels of authority: Bears (high-level managers), Bumblebees (middle managers), and Spiders (technical experts).

Cultural distance and the Culture Psychic Distance Paradox are major factors contributing to culture shock experienced by expatriates.

A model describing the stages of adjustment for repatriated employees: Honeymoon, Crisis, Recovery, and Adjustment.

One of the challenges of repatriation is unrealistic expectations about the workplace and personal life back home.

A state of interconnectedness where the world is becoming a single globalized marketplace driven by free-market capitalism.

This entry mode offers 100% ownership in a new country, providing greater flexibility and control.

Determinants at the country level impacting international business, including science, education, innovation, economic stability, finance, and the level of internationalization.

A potential reason for the failure of Joint Ventures (JVs) as a form of Global Strategic Alliances (GSAs) is the loss of autonomy and conflict between partners.

Hofstede's cultural dimensions can impact international business decisions by highlighting cultural differences that need to be considered.

Foreign Direct Investment (FDI) entry modes include market-related, production-related, resource-related, and control of strategic assets.

Global Strategic Alliances (GSAs) are cross-border collaborations between firms from different countries to improve their competitive advantage.