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MNE 3 Competitive strategies Exam Questions and Answers Latest update Rated 100%

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MNE 3 Competitive strategies Exam Questions and Answers Latest update Rated 100% What are the forces for a global industry? - Answers - High global integration forces - Low national responsiveness forces What are the forces for a multinational industry? - Answers - Low global integration forces...

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  • October 24, 2024
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  • 2024/2025
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MNE 3 Competitive strategies Exam Questions and Answers Latest update Rated 100%

What are the forces for a global industry? - Answers - High global integration forces

- Low national responsiveness forces

What are the forces for a multinational industry? - Answers - Low global integration forces

- High national responsiveness forces

What are the forces for a transnational industry? - Answers - High global integration forces

- High national responsiveness forces

What are some reasons that firms go international? - Answers - Strategic intent

- Global-scale efficiency

- Multinational flexibility/responsiveness

- Worldwide learning and innovation

What are the three strategic goals? - Answers 1. Global scale efficiency

2. Multinational flexibility/responsiveness

3. Worldwide learning and innovation

How can global scale efficiency be achieved? - Answers By exploiting economies of scale and scope

What are economies of scale? - Answers Cost advantages associated with large operations

What are economies of scope? - Answers cost savings from leveraging core competencies or sharing
related activities among businesses in a corporation

Best method for multinational flexibility/responsiveness - Answers Look at the different opportunities in
a specific environment and then understand which is the best environment and opportunities for the
company

What needs to be considered for multinational flexibility/responsivness? - Answers That the
opportunities in a specific market are constantly changing

What are some potential risks in a country? - Answers - Country's economic state

- Political state

- Availability of required resources

- Cultural barriers

, - Competition of the market

- Natural environment

What are the methods to achieve a competitive advantage, and the above goals? - Answers Economies
of scale, economies of scope and national diffferences

What are national differences? - Answers - Include cultures, tastes, behaviours, local competitors

- Differences in costs and currency stability

What do the different environments that MNEs are exposed to promote? - Answers The different stimuli
allows them to create different learning opportunities

Why is it difficult to manage internationally? - Answers - Differences in social/cultural environment

- Different legislations and regulations

What are the aspects of CAGE? - Answers - Cultural distance

- Administrative distance

- Geographic distance

- Economic distance

What does a high CAGE distance mean for a firm? - Answers There is going to be a higher management
time and cost for the investment in this country

What are two major factors that increases trade between countries? - Answers - Having a common
language

- Having a common currency

What are the four competitive strategies that a firm can follow? - Answers 1. Global

2. Transnational

3. International

4. Multi-national

Characteristics of an international strategy - Answers - Low need for local adaption

- Low need for global coordination

What is the focus on an international strategy? - Answers Creating and exploiting innovations on a
worldwide basis, using all different means to achieve this

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