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Questions and Answers of
Management Leadership
What are the three international corporate-level strategies? What are the advantages and disadvantages associated with these individual strategies?
1. What are some of the benefits of the strategic alliance between Tomberlin Automotive and the Chinese manufacturing plant? 2. What benefits does Tomberlin Automotive receive from its international
What is the definition of cooperative strategy, and why is this strategy important to firms competing in the twenty-first century competitive landscape? Discuss.
What is a strategic alliance? What are the three major types of strategic alliances firms form for the purpose of developing a competitive advantage? Discuss.
What are the four business-level cooperative strategies? What are the key differences among them?
What are the three corporate-level cooperative strategies? How do firms use each of these strategies for the purpose of creating a competitive advantage?
Why do firms use cross-border strategic alliances? Discuss.
What risks are firms likely to experience as they use cooperative strategies? Discuss.
What are the differences between the cost-minimization approach and the opportunity-maximization approach to managing cooperative strategies?
1. How can the resource-based view of the firm (see Chapters 1 and 3) help us understand why firms develop and use cooperative strategies such as strategic alliances and joint ventures? 2. What is
1. What is a joint venture? 2. If you were an executive at Jaguar-Land Rover, why might a joint venture be a safer option over another entry mode? 3. By entering into a joint venture with Chery'
What is corporate governance? What factors account for the considerable amount of attention corporate governance receives from several parties, including shareholder activists, business press
What is meant by the statement that ownership is separated from managerial control in the corporation? Why does this separation exist?
What is an agency relationship? What is managerial opportunism? What assumptions do owners of corporations make about managers as agents? Discuss.
How is each of the three internal governance mechanisms-ownership concentration, boards of directors, and executive compensation-used to align the interests of managerial agents with those of the
What trends exist regarding executive compensation? What is the effect of the increased use of long-term incentives on top-level managers' strategic decisions?
What is the market for corporate control? What conditions generally cause this external governance mechanism to become active? How does this mechanism constrain top-level managers' decisions and
What is the nature of corporate governance in Germany, Japan, and China? Discuss.
How can corporate governance foster ethical decisions and behaviors on the part of managers as agents? Discuss.
1. How well do you think the governance system of JP Morgan Chase is working to protect shareholder interests? 2. What particular governance devices are helping or hindering good governance in the JP
1. Why would Alibaba choose to list in the U.S. and not in the Hong Kong Exchange? 2. The Hong Kong Exchange rejected Alibaba's application to list on it because of its corporate governance
What is organizational structure and what are organizational controls? What are the differences between strategic controls and financial controls? What is the importance of these differences?
What does it mean to say that strategy and structure have a reciprocal relationship?
What are the characteristics of the different functional structures used to implement the cost leadership, differentiation, integrated cost leadership/differentiation, and focused business-level
What are the differences among the three versions of the multidivisional (M-form) organizational structures that are used to implement the related constrained, the related linked, and the unrelated
What organizational structures are used to implement the multidomestic, global, and transnational international strategies?
What is a strategic network? What is a strategic center firm? How is a strategic center used in business-level, corporate-level, and international cooperative strategies? Discuss.
1. Why have consumer product companies headquartered in Europe historically used the multidomestic strategy? In your view, is this an effective choice of international strategy for these firms? Why
1. Many speculate that Schmidt decided to release his role as CEO to Larry Page, the co-founder, to capitalize on what was previously a core competency - innovation. How would the change of CEO
What is strategic leadership? Why are top-level managers considered important resources for an organization? Discuss.
What is a top management team, and how does it affect a firm's performance and its abilities to innovate and design and implement effective strategic changes?
What is the managerial succession process? How important are the internal and external managerial labor markets to this process. Discuss.
What is the effect of strategic leadership on determining the firm's strategic direction?
How do strategic leaders effectively manage their firm's resource portfolio to exploit its core competencies and leverage the human capital and social capital to achieve a competitive advantage?)
What must strategic leaders do to develop and sustain an effective organizational culture?
As a strategic leader, what actions could you take to establish and emphasize ethical practices in your firm? Discuss.
Why are strategic controls and financial controls important aspects of the strategic management process? Discuss.
1. What makes a CEO's job so complex? Use the mini-case to provide examples that help support your answer. 2. Is it a good practice to rehire a former CEO who has retired? Please explain the
1. Describe why Haruka Nishimatsu's leadership style is effective and why his employees adore him. 2. What facet is Nishimatsu focusing on to turn Japan Airlines around? Why is he focusing his
What is strategic entrepreneurship? What is corporate entrepreneurship? Discuss.
What is entrepreneurship, and what are entrepreneurial opportunities? Why are they important for all aspects of the strategic management process? Discuss.
What are invention, innovation, and imitation? How are these concepts interrelated? Discuss.
What is an entrepreneur, and what is an entrepreneurial mind-set? Discuss.
What is international entrepreneurship? Why is it important? Discuss.
How do firms develop innovations internally? Discuss.
How do firms use cooperative strategies to innovate and to have access to innovative capabilities? Discuss.
How does a firm acquire other companies to increase the number of innovations it produces and improve its capability to produce innovations? Discuss.
How does strategic entrepreneurship help firms create value? Discuss.
1. Is there evidence, in this video about Sheryl Connelly that strategic entrepreneurship exists at Ford?2. Does Sheryl Connelly set the stage for corporate entrepreneurship?3. What entrepreneurial
Poll your classmates about their attitudes toward "globalization." What are the trends and opinions around the world that underlie those attitudes?
Consider recent events and the prevailing political and economic conditions in the Russian Federation. As a manager who has been considering investment there, how do you assess the political and
What is meant by the globalization of human capital? Is this inevitable as firms increase their global operations?
How does this case illustrate the threats and opportunities facing global companies in developing their strategies?
Comment on the Apple executive's assertion that the company's only obligation is making the best product possible: "We don't have an obligation to solve America's problems."
Who are the stakeholders in this situation and what, if any, obligations do they have?
How much extra are you prepared to pay for an iPhone assembled in China but under better labor conditions or pay? What kind of trade-off would you make?
To what extent do you think the negative media coverage has affected Apple's recent decision to ask the FLA to do an independent assessment and the subsequent decision by Foxconn to raise some
How has the economic downturn impacted trends in protectionism and nationalization?
Discuss examples of recent macro political risk events and the effect they have or might have on a foreign subsidiary. What are micro political risk events? Give some examples and explain how they
What means can managers use to assess political risk? What do you think is the relative effectiveness of these different methods? At the time you are reading this, what countries or areas do you
Can political risk be "managed?" If so, what methods can be used to manage such risk, and how effective are they? Discuss the lengths to which you would go to manage political risk relative to the
Discuss the importance of contracts in international management. What steps must a manager take to ensure a valid and enforceable contract?
Discuss the effects of various forms of technology on international business. What role does the Internet play? Where is this all leading? Explain the meaning of "appropriability of technology." What
Discuss the risk of terrorism. What means can managers use to reduce the risk or the effects of terrorism? Where in the world, and from what likely sources, would you anticipate terrorism?
Do some further research on the technological environment? What are the recent developments affecting businesses and propelling globalization? What problems have arisen regarding use of the Internet
Discuss the concept of corporate social responsibility. What role does it play in the relationship between a company and its host country? How does CSV move beyond CSR?
Consider what happened in Bangladesh (see the opening profile). To what extent do you think the efforts by Levi Strauss can resolve the kinds of problems that led to that disaster?
What other people and factors are involved? Who are the stakeholders, and how are they affected? Consider the process and what steps are necessary to make this good idea happen
How do these types of incentives relate to the overall goal of sustainability for the company?
Discuss the criticisms which have been levied against MNCs in the past regarding their activities in less-developed countries. What counter-arguments are there to those criticisms?
What does moral universalism mean? Discuss your perspective on this concept. Do you think the goal of moral universalism is possible? Is it advisable?
What do you think should be the role of MNCs toward human rights issues in other countries? What are the major human rights concerns at this time? What ideas do you have for dealing with those
What is meant by international business ethics? Should the local culture affect ethical practices? What are the implications of such local norms for ethical decisions by MNC managers?
As a manager in a foreign subsidiary, how can you reconcile local expectations of questionable payments with the corporate code of ethics and the Foreign Corrupt Practices Act? What is your stance on
What do you think are the responsibilities of MNCs toward the global environment? Give some examples of MNC activities which run counter to the concept of ecological interdependence and
Discuss the ethical issues that have developed regarding the use of IT in cross-border transactions. What new conflicts have developed since the printing of this book? What solutions can you suggest?
What is meant by the culture of a society, and why is it important for international managers to understand it? Do you notice cultural differences among your classmates? How do those differences
Using Geert Hofstede's cultural characteristics compare Australia and the United States on various measures. As you'll see, the two countries are fairly similar, but there are some differences that
What could GOC have done to prepare Collins for his assignment in the United States? Outline an action plan for companies to use in preparing executives-and their families-for international
Articulate and evaluate your own opinion about the degree of distance prevalent in U.S. companies between managers and their direct reports. Who is protected by this management style? What adverse
Discuss the types of operational conflicts that could occur in an international context because of differences in attitudes towards time, change, material factors, and individualism. Give examples
Discuss how the Internet and culture interact. Which most affects the other and how? Give some examples.
Discuss collectivism as it applies to the Japanese workplace. What managerial functions are affected?
Discuss the role of Islam in cross-cultural relations and business operations.
In small groups of students, research Hofstede's findings regarding the four dimensions of power distance, uncertainty avoidance, masculinity, and individualism for one of the following countries in
How does culture affect the process of attribution in communication? Can you relate this to some experiences you have had with your classmates?
What are three of the cultural "missteps" that Wally Astor and his father-in-law, Henry Williams, made in this scenario? Why do you think this happened?
If you were a native of Brazil and advising American business representatives on what to do when talking with Brazilian business partners, what would you tell the Americans about Brazilian culture?
Imagine that the situation in this case study was reversed, that is, the Brazilian businessmen were coming to the U.S. to look for a supplier. What would you tell the Brazilians about American
What is stereotyping? Give some examples. How might people stereotype you?
What is the relationship of language and culture? How is it that people from the same language may still miscommunicate?
Give some examples of cultural differences in the interpretation of body language. What is the role of such nonverbal communication in business relationships?
Explain the differences between high- and low-context cultures, giving some examples. What are the differential effects on the communication process?
Discuss the role of information systems in a company, how and why it varies from country to country, and the effects of these variations.
Form groups in your class-multicultural groups, if possible. Have each person make notes about his or her perceptions of (1) Mexican-Americans, (2) Native Americans, (3) African Americans, and (4)
Invite some students who are from other countries to your class. Ask them to bring photographs, slides, and so forth of people and events in their native countries. Have them explain the meanings of
Discuss the stages in the negotiation process and how culturally-based value systems influence these stages. Specifically, explain the role and relative importance of relationship building in
Discuss the relative use of nonverbal behaviors, such as silent periods, interruptions, facial gazing, and touching by people from various cultural backgrounds. How does this affect the negotiation
Describe what you would expect in negotiations with the Chinese and how you would handle that situation.
What are some of the differences in risk tolerance around the world? What is the role of risk propensity in the decision-making process?
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