100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
BMAL 590 Global Dimensions of Business Review (Latest 2024/ 2025 Update) Qs & As|| 100% Correct| Grade A (Verified Answers) £8.93   Add to cart

Exam (elaborations)

BMAL 590 Global Dimensions of Business Review (Latest 2024/ 2025 Update) Qs & As|| 100% Correct| Grade A (Verified Answers)

 11 views  0 purchase
  • Module
  • BMAL 590
  • Institution
  • BMAL 590

BMAL 590 Global Dimensions of Business Review (Latest 2024/ 2025 Update) Qs & As|| 100% Correct| Grade A (Verified Answers) Q: What determines the success and failure of firms around the globe? Answer: The focus on performance, more than anything else, defines the field of strategic mana...

[Show more]

Preview 3 out of 29  pages

  • October 5, 2024
  • 29
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BMAL 590
  • BMAL 590
avatar-seller
BMALI590IGlobalIDimensionsIofIBusinessI
ReviewI(LatestI2024/I2025IUpdate)IQsI&IAs|
|I100%ICorrect|IGradeIAI(VerifiedIAnswers)

Q:IWhatIdeterminesItheIsuccessIandIfailureIofIfirmsIaroundItheIglobe?

Answer:
TheIfocusIonIperformance,ImoreIthanIanythingIelse,IdefinesItheIfieldIofIstrategicImanagement
IandIinternationalIbusiness.IBusinessesIareInotIonlyIinterestedIinIacquiringIandIleveragingIcom
petitiveIadvantage,IbutIalsoIinIsustainingIsuchIadvantagesIoverItimeIandIacrossIregions.IAllIth
reeImajorIperspectivesIthatIformItheI"strategyItripod"IultimatelyIseekItoIanswerIthisIquestion.

TheIinternationalIsuccessIorIfailureIofIfirmsIisIdeterminedIbyIthreeIviewsIofItheImarketplaceIa
ndIhowItheIfirmIrespondsItoIeachIofIthoseIviews.I

TheIindustry-basedIviewIattendsItoItheIdegreeIofIcompetitivenessIinItheIindustry.I

TheIresource-basedIviewIevaluatesIsuccessIorIfailureIonIfirm-
specificIdifferencesIinIcapabilitiesIandItheIresultingIperformanceIdifferences.I

TheIinstitution-
basedIviewIattendsItoIinstitutionalIforces,IsuchIasIeconomicIreformsIandIgovernmentIpolicy,Iw
hichImayIaffectIaIfirm'sIsuccessIorIfailure.




Q:ImultinationalIenterprisesI(MNEs)

Answer:
OrganizationsIwithIoperationsIinImultipleIcountries.

TheItraditionalIandInarrowlyIdefinedInotionIofI"globalIstrategy"IrefersItoIaIparticularItheoryIo
nIhowItoIcompeteIandIisIcenteredIonIofferingIstandardizedIproductsIandIservicesIonIaIworld-
wideIbasis.IThisIstrategy,Iobviously,IisIonlyIrelevantIforIMNEs

,Q:I"internationalIstrategy"

Answer:
theIsecondImostIpopularIdefinitionIofIglobalIstrategy

refersItoIanyIstrategyIoutsideIone'sIhomeIcountry.IThisIisInotIanIaccurateIviewIasIitIisInarrowI
andIone-directionalIinItermsIofIbusinessIrelationships.




Q:IWhatIisItheImostIaccurateIandIinsightfulIdefinitionIofIglobalIstrategy?

Answer:
theIstrategyIofIfirmsIaroundItheIworld;IeachIfirm'sItheoryIaboutIhowItoIcompeteIsuccessfullyIi
nIwhateverIcountry'sImarketsItheIfirmIchoosesItoIcompete

ThisIdefinitionIdealsIwithIbothItheIstrategyIofIMNEsI(someIofIwhichImayIfitIintoItheItradition
alInarrowIglobalIstrategyIdefinition)IandItheIstrategyIofIsmallerIfirmsI(someIofIwhichImayIha
veIanIinternationalIpresence,IwhileIothersImayIbeIpurelyIdomestic).I

TheseIfirmsIcompeteIinIbothIdevelopedIandIemergingIeconomies.IInternationalIbusinessIinvolv
esItwoIsides:IdomesticIfirmsIandIforeignIentrants.




Q:IWhatIareItheIthreeIdifferentIviewsIofIglobalization?

Answer:
1.ISeesIglobalizationIasIaIrecentIphenomenonIdrivenIbyItechnologicalIinnovationsIinItransport
ationIandIcommunication.I

2.IRecognizesItheIearlyIhistoricalIrootsIofIglobalization

3.ILikenedItoIaIpendulumIthatIswingsIfromIoneIextremeItoItheIother.I

Semi-
globalizationIchoosesIaImiddleIgroundIbetweenIoppositionIandIunconditionalIacceptanceIofIgl
obalization.

, Q:IWhatIdoIopponentsIofIglobalizationIargue?

Answer:
itIneedsItoIbeIslowedIdown,IifInotIstopped,IbecauseIofItheItendencyIofIMNEsItoIexploitIandId
ominateItheIworld.IThisIviewIarguesIthatIglobalizationIhasIunderminedIwagesIinIrichIcountries
,IexploitedIworkersIinIpoorIcountries,IdevastatedItheIenvironment,IcompromisedIhumanIrights,
IdiminishedInationalIsovereignty,IandIgivenIlargeIMNEsItooImuchIpower.




Q:ITheIcurrentIstateIofIglobalization:

Answer:
canIbeIsummarizedIasIsemi-
globalizationIbecauseIbarriersItoImarketIintegrationIatIbordersIareIhigh,IbutInotIhighIenoughIt
oIcompletelyIinsulateIcountriesIfromIeachIother.




Q:IWhatIareItheIthreeIsetsIofIsuddenIhigh-
profileIeventsIhaveIoccurredIthatIhaveIsignificantIramificationsIforIcompaniesIandIstrategistsIa
roundItheIworld:


Answer:
(1)Ianti-globalizationIprotestsI-
IlostIjobs,IdownwardIpressureIonIwagesIforIunskilledIlabor,IenvironmentalIdestruction

(2)IterroristIattacksIresultingIinIreducedIfreedomIofIinternationalImovement,IenhancedIsecurity
IcheckpointsIwhichIreduceItransitIspeedIandIefficiency,IandIcancelledIorIscaledIdownIforeignI
directIinvestmentI(FDI)IprojectsIandItradeIdeals,IespeciallyIinIhighIriskIregions

(3)ItheIcorporateIgovernanceIcrisisItriggeredIbyItheI1997IAsianIfinancialIcrisisIandItheIscandal
sIofIEnronIandIWorldComIinItheIUnitedIStates.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller nurse_steph. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £8.93. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£8.93
  • (0)
  Add to cart