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BMAL 590 Global Dimensions of Business Review (Latest 2024/ 2025 Update) Qs & As|| 100% Correct| Grade A (Verified Answers)
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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...
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BMAL 590 Global Dimensions of Business (Latest 2024/ 2025 Updates STUDY BUNDLE PACKAGE WITH SOLUTIONS) Qs & As|| 100% Correct| Grade A (Verified Answers)
1. Tentamen (uitwerkingen) - Bmal 590 global dimensions of business review (latest 2024/ 2025 update) qs & as|| 10...
2. Tentamen (uitwerkingen) - Bmal 590 global dimensions of business (latest 2024/ 2025 update) qs & as|| 100% corr...
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BMAL 590 (Latest 2024/ 2025 Updates STUDY BUNDLE PACKAGE WITH SOLUTIONS) Qs & As|| 100% Correct| Grade A (Verified Answers)
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2. Tentamen (uitwerkingen) - Bmal 590 business finance (latest 2024/ 2025 update) qs & as|| 100% correct| grade a ...
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4. Tentamen (uitwerkingen) - Bmal 590 human resource management (latest 2024/ 2025 update) qs & as|| 100% correct|...
5. Tentamen (uitwerkingen) - Bmal 590 global dimensions of business review (latest 2024/ 2025 update) qs & as|| 10...
6. Tentamen (uitwerkingen) - Bmal 590 global dimensions of business (latest 2024/ 2025 update) qs & as|| 100% corr...
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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.