100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Global Business 5th Edition Solution Manual by Peng Mike, All Chapters 1 - 17, Verified Newest Version R278,82   Add to cart

Exam (elaborations)

Global Business 5th Edition Solution Manual by Peng Mike, All Chapters 1 - 17, Verified Newest Version

 21 views  0 purchase
  • Course
  • Institution
  • Book

Instructor Manual Global Business, 5th Edition Mike W. Peng Chapter 1-17 Chapter 1 Table of Contents Purpose and Perspective of the Chapter............................................................................... 2 Cengage Supplements........................................................

[Show more]

Preview 4 out of 228  pages

  • April 24, 2024
  • 228
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
Instructor Manual: Peng, Global Business, 5e; ©2023; 9780357716403; Chapter 2: Formal Institutions: Politics, Laws, and
Economics



Instructor Manual
Global Business, 5th Edition Mike W. Peng
Chapter 1-17


Chapter 1




Table of Contents
Purpose and Perspective of the Chapter ............................................................................... 2
Cengage Supplements ........................................................................................................ 2
Chapter Objectives ............................................................................................................. 2
Complete List of Chapter Activities and Assessments ............................................................. 3
What's New in This Chapter ................................................................................................ 3
Opening Case Discussion: Emerging Markets—Apple, America, and China ............................... 3
Chapter Outline ................................................................................................................. 4
End-of-Chapter Guide ......................................................................................................... 9
Review Questions ...................................................................................................................................... 9
Critical Discussion Questions ................................................................................................................... 11
Global Action ........................................................................................................................................... 12
Closing Case: Emerging Markets—Are US Multinationals Good for America? ........................................ 12
Appendix ..........................................................................................................................14
Generic Rubrics ....................................................................................................................................... 14
Standard Writing Rubric .......................................................................................................................... 14
Standard Discussion Rubric ..................................................................................................................... 14




1 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.

, Instructor Manual: Peng, Global Business, 5e; ©2023; 9780357716403; Chapter 2: Formal Institutions: Politics, Laws, and
Economics



Purpose and Perspective of the Chapter
The purpose of this chapter is to explore the concepts of international and global business.
First, we discuss the importance of studying global business. Then, we develop the unified
framework used in each chapter, which focuses learning on one fundamental question and two
core perspectives—an institution-based view and a resource-based view. Next, we explore the
concepts of globalization, semiglobalization, and risk management. As a backdrop for the
remainder of the text, the Global Business and Globalization at a Crossroads section makes two
points: First, a basic understanding of the global economy is necessary. Second, it is important
to critically examine your own personal views and biases regarding globalization. Additionally,
we outline three leading debates concerning business and globalization/deglobalization. Finally,
we explore the broad implications for savvy managers and students for the future of global
business in a less global world.

Cengage Supplements
The following product-level supplements provide additional information that may help you in
preparing your course. They are available in the Instructor Resource Center.
 Transition Guide (provides information about what’s new from edition to edition)
 Educator’s Guide (describes assets in the platform with a detailed breakdown of
activities by chapter with seat time)
 PowerPoint (provides text-based lectures and presentations)
 Test Bank (contains assessment questions and problems)
 Guide to Teaching Online (provides information about the key assets within the product
and how to implement/facilitate use of the assets in synchronous and asynchronous
teaching environments)
 Accelerated Course Syllabus (provides guidance on the recommended delivery of course
materials given a 5-week, 8-week, 12-week, and 16-week course)
 MindTap User Guide (provides information on how to navigate and use MindTap)

Chapter Objectives
The following objectives are addressed in this chapter:
1-1 Explain the concepts of international business and global business.
1-2 Give three reasons why it is important to study global business.
1-3 Articulate one fundamental question and two core perspectives in the study of global
business.
1-4 Describe the importance of globalization, semiglobalization, and risk management.
1-5 State the size of the global economy and its broad trends and understand your likely
bias in the globalization debate.
1-6 Participate in three leading debates concerning global business.
1-7 Draw implications for action.
1-8 Understand the structure of the book and the discipline.




2 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.

, Instructor Manual: Peng, Global Business, 5e; ©2023; 9780357716403; Chapter 2: Formal Institutions: Politics, Laws, and
Economics



Complete List of Chapter Activities and Assessments
For additional guidance refer to the Teaching Online Guide.
Chapter PPT slide Activity/Assessment Duration
Objective
1-2 7 Opening Day Quiz in PPT and 5 min
Text (Table 1.2)
1-4 19 Discussion Activity 1 in PPT 10 min
1-6 26 Polling Activity in PPT 5 min
1-6 29 Discussion Activity 2 in PPT 10 min


[return to top]

What's New in This Chapter
The following elements are improvements in this chapter from the previous edition:
 Opening Case: Apple, America, and China
 Closing Case: Are US Multinationals Good for America?
 In Focus 1.1: How Firms From Emerging Economies Overcome Liability Of Foreignness
 In Focus 1.3: The Dell Theory of Peace
 Debate 1: Globalization versus Deglobalization
 Debate 2: Strategic versus Nonstrategic Industries
 Debate 3: Just-in-Time versus Just-in-Case Management
 Table 1.3: Basics of Scenario Planning
 Table 1.6: Implications for Action
 Figure 1.3: Trade-offs Between Global Value Chain Resilience and Cost Per Unit
 New Implications for Action: The future of global business in a less global world
 New Topics: Black swan events, deglobalization, global value chain, organizational slack,
resilience, stakeholder, triple bottom line
[return to top]

Opening Case Discussion: Emerging Markets—Apple, America,
and China
This case can be used to help students understand how firms such as Apple are able compete
around the world while dealing with the various rules of the game. Ask students how a
company can adapt when the larger geopolitical relationship between their home and host
country changes. What determines their success and failure? How can they use globalization to
their advantage? How important was it for Apple to get involved in trade discussions and
decisions by directly lobbying US government officials?
[return to top]




3 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.

, Instructor Manual: Peng, Global Business, 5e; ©2023; 9780357716403; Chapter 2: Formal Institutions: Politics, Laws, and
Economics



Chapter Outline
In the outline below, each element includes references (in parentheses) to related content.
―CH.##‖ refers to the chapter objective; ―PPT Slide #‖ refers to the slide number in the
PowerPoint deck for this chapter (provided in the PowerPoints section of the Instructor
Resource Center); and, as applicable for each discipline, accreditation or certification standards
(―BL 1.3.3‖). Introduce the chapter and review learning objectives for Chapter 1. (PPT Slide 2).
I. INTERNATIONAL BUSINESS AND GLOBAL BUSINESS (LO 1-1, PPT Slides 3–4)
a. Key Concepts
 International business is typically defined as (1) a business (firm) that
engages in international (cross-border) economic activities and (2) the
action of doing business abroad.
 Global business is defined in this book as business around the globe and
includes both (1) international (cross-border) business activities covered
by traditional IB books and (2) domestic business activities.
 This book goes beyond competition in developed economies. It devotes
extensive space to competitive battles waged in emerging economies and
the base of the global economic pyramid.
b. Key Terms
 International business (IB): (1) A business (firm) that engages in
international (cross-border) economic activities and/or (2) the action of
doing business abroad
 Multinational enterprise (MNE): A firm that engages in foreign direct
investment (FDI)
 Foreign direct investment (FDI): Investment in, controlling, and
managing value-added activities in other countries
 Global business: Business around the globe
II. WHY STUDY GLOBAL BUSINESS? (LO 1-2, PPT Slides 5–9)
a. Key Concepts
 Why study global business?
(1) Enhance your employability and advance your career in the global
economy
(2) Better preparation for possible expatriate assignments abroad
(3) Stronger competence in interacting with foreign suppliers,
partners, and competitors, and in working for foreign-owned
employers in your own country
b. Key Terms




4 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.

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 EFT, credit card or Stuvia-credit 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 this summary from?

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

Will I be stuck with a subscription?

No, you only buy this summary for R278,82. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62491 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R278,82
  • (0)
  Buy now