International Competitive Strategy

Topics: Strategic planning, Strategic management, Strategy Pages: 228 (33567 words) Published: December 3, 2014
Chapter 10 International Competitive Strategy
 
 

True / False Questions
 
1. (p. 166) International strategy helps firms to make choices about how to deploy scarce resources in order to achieve their international objectives.  TRUE
As stated directly in the text.
 

AACSB: Reflective thinking
Bloom's: Understand
Difficulty: 2 Medium
Learning Objective: 10-01 Explain international strategy; competencies; and international competitive advantage. Topic Area: What is international strategy, and why is it important?  
2. (p. 166) International strategy involves decisions that deal with a single area, such as marketing or production.  FALSE
International strategy deals with all the various functions and activities of a company and the interactions among them, not merely a single area such as marketing or production.  

AACSB: Reflective thinking
Bloom's: Understand
Difficulty: 3 Hard
Learning Objective: 10-01 Explain international strategy; competencies; and international competitive advantage. Topic Area: What is international strategy, and why is it important?  
3. (p. 166) The goal of international strategy is to achieve and maintain a unique and valuable competitive position both within a nation and globally, a position that has been termed comparative advantage.  FALSE

The goal of international strategy is to achieve and maintain a unique and valuable competitive position both within a nation and globally, a position that has been termed competitive advantage, not comparative advantage.  

AACSB: Reflective thinking
Bloom's: Understand
Difficulty: 3 Hard
Learning Objective: 10-01 Explain international strategy; competencies; and international competitive advantage. Topic Area: What is international strategy, and why is it important?  
4. (p. 166) To create a sustainable competitive advantage, an international company should try to develop competencies that are valuable, rare, difficult to imitate, and readily substitutable.  FALSE

To create a sustainable competitive advantage, an international company should try to develop competencies that are valuable, rare, difficult to imitate, and hard to substitute for.  

AACSB: Reflective thinking
Bloom's: Understand
Difficulty: 3 Hard
Learning Objective: 10-01 Explain international strategy; competencies; and international competitive advantage. Topic Area: What is international strategy, and why is it important?  
5. (p. 166) Competencies are skills or abilities required in order to adequately complete a task.  TRUE
As stated directly in the text.
 

AACSB: Reflective thinking
Bloom's: Understand
Difficulty: 2 Medium
Learning Objective: 10-01 Explain international strategy; competencies; and international competitive advantage. Topic Area: What is international strategy, and why is it important?  
6. (p. 167) The basic concept behind strategic planning is to help ensure that managers have a sound understanding of the business, the strategy, the assumptions behind the strategy, the external business environment pressures, and the company's strengths and weaknesses.  TRUE

As stated directly in the text.
 

AACSB: Reflective thinking
Bloom's: Understand
Difficulty: 2 Medium
Learning Objective: 10-01 Explain international strategy; competencies; and international competitive advantage. Topic Area: Global strategic planning
 
7. (p. 167) Global strategic plans help to ensure that decision makers have a common understanding of the business and to think through the impact of their decisions and actions firm-wide.  TRUE
As stated directly in the text.
 

AACSB: Reflective thinking
Bloom's: Understand
Difficulty: 2 Medium
Learning Objective: 10-01 Explain international strategy; competencies; and international competitive advantage. Topic Area: Global strategic planning
 
8. (p. 167) Although strategic planning is not a widely used management tool among global executives, according to a Bain and Company's survey there is a...
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