Mastering Global Business

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Questions and Answers

Which term describes the characteristics that challenge managers of multinational enterprises (MNEs) in developing successful strategies?

  • Consistency, predictability, simplicity, and clarity (CPSC)
  • Stability, predictability, simplicity, and clarity (SPSC)
  • Volatility, predictability, complexity, and clarity (VPCC)
  • Volatility, uncertainty, complexity, and ambiguity (VUCA) (correct)

How many discrete economies are included in the international environment that multinational enterprises (MNEs) operate in?

  • 214 (correct)
  • 188
  • 30,000
  • 26

What does IB strategy aim to do?

  • Respond to threats in the international environment only
  • Exploit international opportunities only
  • Neither exploit international opportunities nor respond to threats in the international environment
  • Both exploit international opportunities and respond to threats in the international environment (correct)

What is one step in confronting the VUCA environment?

<p>Collecting relevant information (C)</p> Signup and view all the answers

What organization provided the numbers on the discrete economies in the international environment?

<p>World Bank (D)</p> Signup and view all the answers

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Study Notes

Managing Multinational Enterprises (MNEs)

  • The term "liability of foreignness" describes the characteristics that challenge managers of MNEs in developing successful strategies.

The International Environment

  • The international environment that MNEs operate in includes 192 discrete economies.

International Business (IB) Strategy

  • IB strategy aims to create competitive advantage in multiple markets.

Confronting VUCA Environment

  • One step in confronting the VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) environment is to develop adaptive organizational capabilities.

International Economy Data

  • The World Bank provided the numbers on the discrete economies in the international environment.

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