Ibus 301 Final Exam Questions And
Answers With Verified Solutions 100%
Correct Rated A+ Latest Updated 2025
Semi-globalization - ANSWER✔✔ Firms balance pressures for globalization and
localization
CAGE Distance - ANSWER✔✔ - It is not just market size that matters when
entering a new country, but also the CAGE distance between home and host
countries.
- The greater the distance between two countries, the more difficult for a firm to
transfer competitive advantage abroad.
New phase of Globalization - ANSWER✔✔ - Basic changes to the worldwide
environment create present and future challenges for multinational strategy and
organization
Dilemmas of International Trade - ANSWER✔✔ - Multinational firms need to
manage values, security and distributional dilemmas (non-market strategy)
Outsourcing/ Global Supply Chain - ANSWER✔✔ - Firms need to manage how
and when they globally integrate the production of their product
Comparative Advantage - ANSWER✔✔ - Firms seek out national differences in
comparative advantage to develop firm-level competitive advantages
Tradable/ non-routine tasks - ANSWER✔✔ - Best paying jobs in international
business require non-routine competencies
Transnational Mindset - ANSWER✔✔ - Transnational mindsets are an example of
a non-routine competency that is difficult to outsource
Culture - ANSWER✔✔ - is the way through which we make sense of the world
and, consequently, it shapes:
- Our perceptions
-The rules and norms that we know or decide to -follow
, - How we make sense of events and social interactions
- What we do
- Our needs
- What we consume
- Our beliefs
- Our perceived friends and enemies
- Our likes and dislikes
- Our values
CAGE Distance Framework (Ghemawat) - ANSWER✔✔ - If a business perform
well at home it doesn't mean that it will necessarily perform well abroad
Semi-globalization perspective: distance and borders still matter!!!
- CAGE is a COMPARATIVE framework: It doesn't tell us how Country A is but
it tells us how Country A is AS SEEN from Country B (unlike competitiveness
index)
4 interrelated Components of CAGE - ANSWER✔✔ - Cultural distance
- Administrative Distance
- Geographic Distance
- Economic Distance
Global Race to the Bottom - ANSWER✔✔ - in regulations makes the issue of
values and trade particularly challenging
- As discussed in the Nike case, countries have difficulty in creating minimum
standards of appropriate conduct for multinational enterprises that can shift
production around the world
Strategy - ANSWER✔✔ - is the choices a manager makes to attain a certain result/
goal
- most of the time it has to do with maximizing the the value of the firm for its
shareholders
- choosing what to do and importantly what not to do
Operational Effectiveness - ANSWER✔✔ - performing similar activities better
than rivals perform them
- ex: Just in time manufacturing
- necessary but not sufficient
Answers With Verified Solutions 100%
Correct Rated A+ Latest Updated 2025
Semi-globalization - ANSWER✔✔ Firms balance pressures for globalization and
localization
CAGE Distance - ANSWER✔✔ - It is not just market size that matters when
entering a new country, but also the CAGE distance between home and host
countries.
- The greater the distance between two countries, the more difficult for a firm to
transfer competitive advantage abroad.
New phase of Globalization - ANSWER✔✔ - Basic changes to the worldwide
environment create present and future challenges for multinational strategy and
organization
Dilemmas of International Trade - ANSWER✔✔ - Multinational firms need to
manage values, security and distributional dilemmas (non-market strategy)
Outsourcing/ Global Supply Chain - ANSWER✔✔ - Firms need to manage how
and when they globally integrate the production of their product
Comparative Advantage - ANSWER✔✔ - Firms seek out national differences in
comparative advantage to develop firm-level competitive advantages
Tradable/ non-routine tasks - ANSWER✔✔ - Best paying jobs in international
business require non-routine competencies
Transnational Mindset - ANSWER✔✔ - Transnational mindsets are an example of
a non-routine competency that is difficult to outsource
Culture - ANSWER✔✔ - is the way through which we make sense of the world
and, consequently, it shapes:
- Our perceptions
-The rules and norms that we know or decide to -follow
, - How we make sense of events and social interactions
- What we do
- Our needs
- What we consume
- Our beliefs
- Our perceived friends and enemies
- Our likes and dislikes
- Our values
CAGE Distance Framework (Ghemawat) - ANSWER✔✔ - If a business perform
well at home it doesn't mean that it will necessarily perform well abroad
Semi-globalization perspective: distance and borders still matter!!!
- CAGE is a COMPARATIVE framework: It doesn't tell us how Country A is but
it tells us how Country A is AS SEEN from Country B (unlike competitiveness
index)
4 interrelated Components of CAGE - ANSWER✔✔ - Cultural distance
- Administrative Distance
- Geographic Distance
- Economic Distance
Global Race to the Bottom - ANSWER✔✔ - in regulations makes the issue of
values and trade particularly challenging
- As discussed in the Nike case, countries have difficulty in creating minimum
standards of appropriate conduct for multinational enterprises that can shift
production around the world
Strategy - ANSWER✔✔ - is the choices a manager makes to attain a certain result/
goal
- most of the time it has to do with maximizing the the value of the firm for its
shareholders
- choosing what to do and importantly what not to do
Operational Effectiveness - ANSWER✔✔ - performing similar activities better
than rivals perform them
- ex: Just in time manufacturing
- necessary but not sufficient
