McQ 1-100
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What is the key focus of Cross-Cultural Management?

  • Analyzing global market trends
  • Understanding political constraints in management
  • Exploring national culture as the key variable in management practice (correct)
  • Studying technological advancements in management

    • What is the core concept of Hyperglobalisation?

  • Diversification of national economies
  • Isolation from global market trends
  • Expansion of local markets
  • Convergence towards a global system (correct)

    • What are the key elements of Managing the Political Environment?

  • Economic constraints and market risks
  • Social constraints and cultural risks
  • Technological constraints and environmental risks
  • Political constraints and political risks (correct)

    • What is the defining characteristic of a Multi-Party System?

    <p>Many parties represent a wide spectrum of views and coalition is likely</p> Signup and view all the answers

    What is the First to File System related to?

    <p>Granting the right to patent to the first entity to file for it</p> Signup and view all the answers

    What does ethnocentrism refer to?

    <p>A perspective deeply rooted in one's own culture and excludes others</p> Signup and view all the answers

    What is the purpose of global strategic alliances?

    <p>Pursuing mutual interests between firms</p> Signup and view all the answers

    What does liability of foreignness refer to?

    <p>Difficulties arising from different norms and rules in foreign markets</p> Signup and view all the answers

    What does culture distance measure?

    <p>A firm's unfamiliarity with the culture of a foreign business location</p> Signup and view all the answers

    What are trade-related entry modes?

    <p>Indirect exporting, direct exporting, and counter trade</p> Signup and view all the answers

    What is reactive internationalization motivated by?

    <p>Competitive pressures and declining domestic sales</p> Signup and view all the answers

    What does ownership risk arise from?

    <p>Government-induced changes in ownership structure or the requirement to share ownership with local firms</p> Signup and view all the answers

    What does operational risk include?

    <p>Potential changes to rules and tax systems in foreign business locations</p> Signup and view all the answers

    What are transfer-related entry modes?

    <p>International licensing and franchising</p> Signup and view all the answers

    What is the purpose of joint ventures?

    <p>Commercial enterprises undertaken jointly by two or more parties</p> Signup and view all the answers

    What do mobility barriers prevent?

    <p>Other firms from entering a strategic group and threatening existing firms</p> Signup and view all the answers

    What is the concept of cross-vergence?

    <p>The understanding that when different cultures are diverged or converged longitudinally over a given period, there will also be a noticed shift in the ranking of cultural differences between these cultures as they will merge to share certain cross-cultural similarities or dissimilarities</p> Signup and view all the answers

    What is the definition of polycentrism?

    <p>The perspective of individuals and organisations which recognizes their own culture as one among many and strives to understand differing cultures</p> Signup and view all the answers

    What is the definition of fatalistic disposition?

    <p>The belief that life is predetermined &amp; change is relatively difficult to achieve</p> Signup and view all the answers

    What is the convergence hypothesis?

    <p>Technology &amp; economics are making countries more alike, and with global integration of markets &amp; diffusion of MNC practices convergence will increase</p> Signup and view all the answers

    What is the concept of spill over effect?

    <p>Opportunities for local firms to benefit from FDI, gaining technological competence which generates new local businesses and technological capacities</p> Signup and view all the answers

    What are the international staffing policies?

    <p>Ethnocentric, Polycentric, Geocentric, Regio centric</p> Signup and view all the answers

    What is the definition of cultural risk?

    <p>An organisation encounters a new market or An event which puts some human value / activity at stake. Cultural understanding and appreciation are key for a manager</p> Signup and view all the answers

    What are the legal issues for MNCs?

    <p>Rule of Origin Laws, Competition, Marketing and Distribution, Product Liability Laws, Patents</p> Signup and view all the answers

    What is the key focus of Dynamic Capability Theory in the context of multinational corporations (MNCs)?

    <p>Developing dynamic capabilities to create, deploy, and upgrade resources for maintaining competitive advantage</p> Signup and view all the answers

    What is the defining characteristic of a Two-Party System in a political context?

    <p>Two broadly based parties that dominate, alternating between government and opposition</p> Signup and view all the answers

    What does Authoritarianism refer to in a political context?

    <p>Rule by one or more individuals who have absolute power and no substantive accountability for citizens</p> Signup and view all the answers

    What is the primary analytical significance of Cross-Cultural Management when examining acceptable management practice?

    <p>National culture as the key variable</p> Signup and view all the answers

    Which of the following is NOT one of Trompenaars' 7 relational dimensions?

    <p>Fatalistic V deterministic; belief that life is predetermined &amp; change is relatively difficult to achieve</p> Signup and view all the answers

    What did Levitt fail to foresee in his 1983 prediction?

    <p>The persistence of diversity in customer preferences</p> Signup and view all the answers

    What is the perspective of polycentrism?

    <p>It recognizes one's own culture as one among many and seeks to understand differing cultures</p> Signup and view all the answers

    What is the primary focus of the convergence hypothesis?

    <p>The increasing similarity of countries due to global integration and diffusion of MNC practices</p> Signup and view all the answers

    What is the key factor that heightens cultural risk according to the text?

    <p>Ethnocentrism</p> Signup and view all the answers

    Which staffing policy involves appointing mostly host country nationals (HCNs) to top positions in subsidiaries?

    <p>Polycentric</p> Signup and view all the answers

    What does the international assignment cycle consist of?

    <p>Recruitment and Selection, Hiring, Preparation, Expatriation, Repatriation</p> Signup and view all the answers

    Which of the following is a legal issue for Multinational Corporations (MNCs)?

    <p>Rule of Origin Laws</p> Signup and view all the answers

    What is the belief of fatalistic disposition?

    <p>Life is predetermined &amp; change is relatively difficult to achieve</p> Signup and view all the answers

    What is the Globalisation Index used to measure?

    <p>Levels of technological advancement</p> Signup and view all the answers

    What are the international risks mentioned in the text?

    <p>Military invasion, Global imbalance, Trading partner disputes</p> Signup and view all the answers

    What is the primary focus of strategic control according to the text?

    <p>Control over the means and methods on which the whole conduct of an organisation depends</p> Signup and view all the answers

    What is the definition of Authoritarianism in a political context?

    <p>Rule by one or more individuals who have absolute power and no substantive accountability for citizens</p> Signup and view all the answers

    What does Dynamic Capability Theory suggest about Multinational Corporations (MNCs)?

    <p>MNCs cannot rely on existing resources but must develop dynamic capabilities to create, deploy and upgrade resources in pursuit of maintaining competitive advantage</p> Signup and view all the answers

    What is the defining characteristic of a Two-Party System in a political context?

    <p>Two broadly based parties that dominate, alternating between government and opposition</p> Signup and view all the answers

    What is the key focus of Managing the Political Environment?

    <p>Political constraints and political risks</p> Signup and view all the answers

    What is the primary purpose of the First to File System?

    <p>To grant the right to patent to the first entity to file for it</p> Signup and view all the answers

    What do cultural dimensions, such as power distance and uncertainty avoidance, form a part of?

    <p>Hofstede's Cultural Dimensions and Trompenaars’s Relational Dimensions</p> Signup and view all the answers

    What does ethnocentrism refer to?

    <p>A perspective that is deeply rooted in one's own culture and excludes others</p> Signup and view all the answers

    What is the purpose of global strategic alliances?

    <p>To pursue mutual interests between firms</p> Signup and view all the answers

    What do trade-related entry modes include?

    <p>Indirect exporting and counter trade</p> Signup and view all the answers

    What do transfer-related entry modes encompass?

    <p>International licensing and franchising</p> Signup and view all the answers

    What can mobility barriers prevent?

    <p>Firms from entering a strategic group and threatening existing firms</p> Signup and view all the answers

    What are reactive internationalization motives driven by?

    <p>Competitive pressures and declining domestic sales</p> Signup and view all the answers

    What does ownership risk arise from?

    <p>Government-induced changes in ownership structure</p> Signup and view all the answers

    What is cultural distance a measure of?

    <p>A firm's unfamiliarity with the culture of a foreign business location</p> Signup and view all the answers

    What do global strategic alliances and joint ventures involve?

    <p>Pursuing mutual interests between firms</p> Signup and view all the answers

    What does liability of foreignness refer to?

    <p>The difficulties arising from different norms and rules in foreign markets</p> Signup and view all the answers

    What is the primary focus of de-internationalization?

    <p>Strategic decision making</p> Signup and view all the answers

    What is the defining characteristic of a diversification alliance?

    <p>Partnership between companies in different lines of business</p> Signup and view all the answers

    What is the defining characteristic of a vertical integration alliance?

    <p>Partnership between a supplier and buyer in the supply chain</p> Signup and view all the answers

    What should strategic alliance partners share?

    <p>Strategic and cultural fit</p> Signup and view all the answers

    What is the primary focus of strategic control?

    <p>Control over the means and methods on which the whole conduct of an organisation depends</p> Signup and view all the answers

    What is the primary focus of a global strategy?

    <p>Single strategy for the entire global network for subsidiaries and partners</p> Signup and view all the answers

    What is the primary focus of a multi-domestic strategy?

    <p>Local responsiveness</p> Signup and view all the answers

    What does the Globalization Index measure?

    <p>Levels of integration, personal contact, technology, and political engagement</p> Signup and view all the answers

    What are the Trompenaars 7 relational dimensions designed to guide managers in?

    <p>Cultural understanding</p> Signup and view all the answers

    What did Levitt fail to foresee in his 1983 prediction?

    <p>Persisting diversity of customers</p> Signup and view all the answers

    What is the perspective of polycentrism?

    <p>Recognition of one's own culture as one among many and striving to understand differing cultures</p> Signup and view all the answers

    What are the international staffing policies?

    <p>Ethnocentric, Regiocentric, Polycentric, Geocentric</p> Signup and view all the answers

    Study Notes

    International Business Management: Key Concepts and Strategies

    • Ownership risk can arise from government-induced changes in ownership structure or the requirement to share ownership with local firms.
    • Operational risk includes potential changes to rules and tax systems in foreign business locations.
    • The First to File System grants the right to patent to the first entity to file for it.
    • Cultural dimensions, such as power distance and uncertainty avoidance, are part of Hofstede's Cultural Dimensions and Trompenaars’s Relational Dimensions.
    • Culture distance measures a firm's unfamiliarity with the culture of a foreign business location.
    • Ethnocentrism refers to a perspective that is deeply rooted in one's own culture and excludes others, while polycentrism recognizes and seeks to understand differing cultures.
    • Cross-variance involves a mix of western-imported ideas and nationalistic, domestic styles.
    • Reactive internationalization motives can include competitive pressures and declining domestic sales, while proactive motives can include profit advantage and technological advancement.
    • Trade-related entry modes include indirect exporting, direct exporting, and counter trade, which involves goods exchange with little cash changing hands.
    • Transfer-related entry modes encompass international licensing and franchising, which involve contracting out production or transferring a business concept to non-domestic parties.
    • Global strategic alliances and joint ventures are cross-border partnerships between firms, with the former pursuing mutual interests and the latter being commercial enterprises undertaken jointly by two or more parties.
    • Mobility barriers can prevent other firms from entering a strategic group and threatening existing firms, while liability of foreignness refers to the difficulties arising from different norms and rules in foreign markets.

    International Business Management: Key Concepts and Strategies

    • Ownership risk can arise from government-induced changes in ownership structure or the requirement to share ownership with local firms.
    • Operational risk includes potential changes to rules and tax systems in foreign business locations.
    • The First to File System grants the right to patent to the first entity to file for it.
    • Cultural dimensions, such as power distance and uncertainty avoidance, are part of Hofstede's Cultural Dimensions and Trompenaars’s Relational Dimensions.
    • Culture distance measures a firm's unfamiliarity with the culture of a foreign business location.
    • Ethnocentrism refers to a perspective that is deeply rooted in one's own culture and excludes others, while polycentrism recognizes and seeks to understand differing cultures.
    • Cross-variance involves a mix of western-imported ideas and nationalistic, domestic styles.
    • Reactive internationalization motives can include competitive pressures and declining domestic sales, while proactive motives can include profit advantage and technological advancement.
    • Trade-related entry modes include indirect exporting, direct exporting, and counter trade, which involves goods exchange with little cash changing hands.
    • Transfer-related entry modes encompass international licensing and franchising, which involve contracting out production or transferring a business concept to non-domestic parties.
    • Global strategic alliances and joint ventures are cross-border partnerships between firms, with the former pursuing mutual interests and the latter being commercial enterprises undertaken jointly by two or more parties.
    • Mobility barriers can prevent other firms from entering a strategic group and threatening existing firms, while liability of foreignness refers to the difficulties arising from different norms and rules in foreign markets.

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    Description

    Test your knowledge of key concepts and strategies in international business management with this quiz. Explore topics such as ownership risk, cultural dimensions, entry modes, and strategic alliances, and understand the challenges and opportunities of operating in a global market.

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