Global Business Today 12th Edition Charles Hill - Solutions

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4. The theory of comparative advantage suggests that unrestricted free trade brings about increased world production—that is, that trade is a positive-sum game.
3. The theory of comparative advantage suggests that it makes sense for a country to specialize in producing those goods that it can produce most efficiently, while buying goods that it can produce relatively less efficiently from other countries—even if that means buying goods from other
2. The theory of absolute advantage suggests that countries differ in their ability to produce goods efficiently. The theory suggests that a country should specialize in producing goods in areas where it has an absolute advantage and import goods in areas where other countries have absolute
1. Mercantilists argued that it was in a country’s best interests to run a balance-of-trade surplus. They viewed trade as a zero-sum game, in which one country’s gains cause losses for other countries.
7. We have assumed away the effects of trade on income distribution within a country.
6. We have assumed that each country has a fixed stock of resources and that free trade does not change the efficiency with which a country uses its resources. This static assumption makes no allowances for the dynamic changes in a country’s stock of resources and in the efficiency with which the
4. Woolworths’ targets are to achieve a top quartile ranking in how the business engages fairly and equitably with its suppliers. How do supplier relationships and the fairness in dealing with suppliers relate to sustainability and “doing good” for society (and the company)?
3. Woolworths Group is trying to reduce its carbon emissions or footprint by 10 percent. Based on where we are as a world, is 10 percent enough of a reduction? Perhaps global warming is not real, albeit the vast majority of scientists clearly suggest it is; what do you think?
2. The focus on People is about encouraging diversity. The idea is to increase the number of Indigenous employees in line with the company’s stated commitments under the Australian Federal Government’s Employment Parity Initiative. Does such a diversity approach enhance, or not, the company’s
1. What challenges do you think a company like Woolworths Group is facing when developing and implementing a companywide corporate social responsibility strategy that takes into account the more than 200,000 employees, diverse interests, and stakeholders?
2. Drawing on John Rawls’s concept of the veil of ignorance, develop an ethical code that will (a) guide the decisions of a large oil multinational toward environmental protection and (b) influence the policies of a clothing company in their potential decision of outsourcing their manufacturing
5. Unethical behavior is rooted in personal ethics, societal culture, psychological and geographic distances of a foreign subsidiary from the home office, a failure to incorporate ethical issues into strategic and operational decision making, a dysfunctional culture, and failure of leaders to act
2. Ethical issues and dilemmas in international business are rooted in the variations among political systems, law, economic development, and culture from country to country.
4. According to the company, “ Swatch is an attitude, an approach to life, a way of seeing. The sight of a Swatch excites emotion. Wearing
3. Swatch wants you to create your own unique way of accessorizing by the use of a Swatch watch. A person can showcase his or her individualized Swatch use by tagging #MySwatch. Is a watch a way to show who a person is culturally? Does a watch get embedded into a person’s culture? Can a watch
2. Many of the Swatch brands have become cultural icons among a strong core following of customers in the global marketplace. Some even talk about the “Swatch Revolution” that began when Nicolas Hayek founded the company. Why do you think Swatch has such a strong cultural following?
1. With the Hayek family controlling nearly 40 percent of The Swatch Group, how do you think the family influence impacts the type of corporate culture in the company? What about the company’s international culture being impacted by the Hayek family?
5. Reread the Management Focus “China and Its Guanxi” and answer the follow questions:a. Why do you think it is so important to cultivate guanxi and guanxiwang in China?b. What does the experience of DMG tell us about the way things work in China? What would likely happen to a business that
4. Reread the Country Focus “Turkey, Its Religion, and Politics.” Then answer the following questions:a. Can you see anything in the values and norms of Islam that is hostile to business? Explain.b. What does the experience of the region around Kayseri teach about the relationship between Islam
12. One danger confronting a company that goes abroad is being illinformed. To develop cross-cultural literacy, companies operating globally should consider employing host-country nationals, build a cadre of cosmopolitan executives, and guard against the dangers of ethnocentric behavior.
11. Culture is not a constant; it evolves. Economic progress and globalization are two important engines of cultural change.
10. Geert Hofstede studied how culture relates to values in the workplace.He isolated five dimensions that summarized different cultures: power distance, uncertainty avoidance, individualism versus collectivism, masculinity versus femininity, and long-term versus short-term orientation.
8. Language is one defining characteristic of a culture. It has both spoken and unspoken dimensions. In countries with more than one spoken language, we tend to find more than one culture.9. Formal education is the medium through which individuals learn knowledge and skills as well as become
7. Religion may be defined as a system of shared beliefs and rituals that is concerned with the realm of the sacred. Ethical systems refer to a set of moral principles, or values, that are used to guide and shape behavior.The world’s major religions are Christianity, Islam, Hinduism, and
6. Virtually all societies are stratified into different classes. Classconscious societies are characterized by low social mobility and a high degree of stratification. Less class-conscious societies are characterized by high social mobility and a low degree of stratification.
3. Values and norms are influenced by political forces, economic philosophy, social structure, religion, language, and education. And, the value systems and norms of a country can affect the costs of doing business in that country.
1. Culture is a complex phenomenon that includes knowledge, beliefs, art, morals, law, customs, and other capabilities acquired by people as members of society.
3. Bangladesh is dependent for its prosperity upon agriculture and textile exports. What are the risks here? How might Bangladesh diversify its industrial and commercial base?
2. Explain how the liberalization program in the 1990s enabled Bangladesh to start climbing the ladder of economic progress.
1. What were the principal reasons for the economic stagnation of Bangladesh after its war for independence?
3. Reread the Country Focus “India’s Economic Transformation,” and answer the following questions:a. What kind of economic system did India operate under during 1947–1990? What kind of system is it moving toward today? What are the impediments to completing this transformation?b. How might
3. What steps need to be taken now to improve the economic outlook for Zimbabwe?
2. Do you think that Zimbabwe’s economic performance would have been better under a different system of government? Which one?
1. Why has Zimbabwe’s economic performance been so poor?
4. The MINI is a unique car offering in the BMW portfolio. It has longstanding attention to clever solutions with distinctive designs that unlock urban driving and cater to customers’ individual needs—at least that is what the target focus is for the MINI. Do you agree that this is the focus,
3. The Rolls-Royce chase of perfection drives the supreme quality, exquisite hand craftsmanship, and attention to the finest detail to maintain its global position as the pinnacle luxury automobile manufacturer in the world. How do you think the Rolls-Royce brand helps, or hurts, the other BMW
2. What is your reaction to the global brand of BMW when you hear the name, think of the brand, and see the BMW vehicles on the road?
1. How do you think BMW integrates its various unique brands into a global effort that works for them (BMW, Rolls-Royce, and the MINI)across the world’s many global markets?
7. Reread the Management Focus “Boeing’s Global Production System” and answer the following questions:a. What are the benefits to Boeing of outsourcing manufacturing of components of the Boeing 787 to firms based in other countries?b. What are the potential costs and risks to Boeing of
1. Describe the shifts in the world economy over the past 30 years. What are the implications of these shifts for international businesses based in the United Kingdom? North America? Hong Kong?
Which Is More Important—Similarities or Differences?
What Is Globalization?
Will the United States Produce Just Services?
1.3. Spending significant time (e.g., three years) on an expatriate assignment has significant family and professional implications, as can be seen in the Shell survey that was mentioned in the case. How would you feel if you were given an expatriate assignment today? How would you feel about it if
1.2. Shell’s long-term goal is to develop local talent wherever possible, thereby leveraging local employees’networks, market knowledge, and language skills, while also minimizing costs. Moving Shell employees from other countries to work with partners and transfer expertise is often a key part
1.1. Royal Dutch Shell is one of the largest companies in the world and has been for years. With sales approaching $400 billion and 82,000 employees worldwide, including some 7,000 employees on expatriate assignments, the company is large, complex, and powerful. Compared with retail or consumer
1.1. You work in the human resource department at the headquarters of a multinational corporation. Your company is about to send a number of managers overseas as expatriates to France and New Zealand.You need to create an executive summary evaluating, comparing, and contrasting the possible issues
1.8. What are the possible implications of tighter national immigration policies for an international business?
1.7. Reread the Management Focus, “Sodexo: Building a Diverse Global Workforce,” then answer the following questions:a. How might building a more diverse global workforce help Sodexo achieve high performance?b. What barriers do companies like Sodexo face when trying to increase workforce
1.6. Why is diversity good for an international business?What actions can a company take to foster greater diversity?
1.5. Reread the Management Focus, “McDonald’s Global Compensation Practices.” How does McDonald’s approach help the company take into account local differences when reviewing the performance of different country managers and awarding bonus pay?
1.LO17-7 Understand how organized labor can influence strategic choices in international business firms.
1.LO17-6 Understand how and why compensation systems might vary across nations.
1.LO17-5 Explain how and why performance appraisal systems might vary across nations.
1.LO17-4 Recognize how management development and training programs can increase the value of human capital in an international business firm.
1.LO17-3 Explain why managers may fail to thrive in foreign postings.
1.LO17-2 Identify the pros and cons of different approaches to staffing policy in international business.
1.LO17-1 Summarize the strategic role of human resource management in international business.
1.5. Do you think that a superstar such as soccer player Lionel Messi would be a good brand ambassador in the United States?
1.4. What explains Michael Jordan’s longevity as a brand ambassador for Nike?
1.3. What major sports have the greatest global appeal?Which major sports are more local in appeal? How does this influence a company’s choice of brand ambassador?
1.2. Why does the selling power of athletic superstars often transcend sports equipment and apparel?
1.1. Why do superstar athletes have so much brand selling power?
1.1. The consumer purchase of specific brands is an indication of the relationship that develops over time between a company and its customers. Locate and retrieve the most current ranking of best global brands. Identify the criteria used. Which countries appear to dominate the top 100 global
1.LO16-7 Describe how globalization is affecting product development.
1.LO16-6 Understand how to configure the marketing mix globally.
1.LO16-5 Explain why and how a firm’s pricing strategy might vary among countries.
1.LO16-4 Identify why and how advertising and promotional strategies might vary among countries.
1.LO16-3 Recognize why and how a firm’s distribution strategy might vary among countries.
1.LO16-2 Explain why it might make sense to vary the attributes of a product from country to country.
1.LO16-1 Understand the importance of business analytics and international market research.
1.3. How might blockchain technology be used to increase the “ethical sourcing” of products in a globally dispersed supply chain?
1.2. What are the potential benefits associated with using blockchain technology to account for the flow of goods through a globally dispersed supply chain?
1.1. Why might lack of transparency in a supply chain might be a problem for as company?
1.LO15-6 Describe what is required to efficiently manage a global supply chain.
1.LO15-5 Understand the functions of logistics and purchasing (sourcing) within global supply chains.
1.LO15-4 Identify the factors that influence a firm’s decision of whether to source supplies from within the company or from foreign suppliers.
1.LO15-3 Recognize how the role of foreign subsidiaries in production can be enhanced over time as they accumulate knowledge.
1.LO15-2 Explain how country differences, production technology, and production factors all affect the choice of where to locate production activities.
1.LO15-1 Explain why global production and supply chain management decisions are of central importance to many global companies.
1.4. Should higher educational institutions seek out more foreign students? What are the benefits of doing this for the institutions and for the nation in which they are based? What are the costs?
1.3. Given the importance of higher education in driving export earnings, what policies should states and the federal government adopt to help educational institutions grow their exports?
1.2. Why do you think policymakers have little awareness that U.S. higher educational institutions are major exporters?
1.1. How does higher education affect the balance of trade?
1.2. You are the assistant to the CEO of a small technology firm that manufactures quality, premium-priced, stylish clothing. The CEO has decided to see what the opportunities are for exporting and has asked you for advice as to the steps the company should take. What advice would you give the CEO?
1.1. A firm based in California wants to export a shipload of finished lumber to the Philippines. The would-be importer cannot get sufficient credit from domestic sources to pay for the shipment but insists that the finished lumber can quickly be resold in the Philippines for a profit. Outline the
1.LO 14-5 Describe how countertrade can be used to facilitate exports.Daniel Grill/
1.LO 14-4 Identify information sources and government programs that exist to help exporters.
1.LO 14-3 Recognize the basic steps involved in export financing.
1.LO 14-2 Identify the steps managers can take to improve their firm’s export performance.
1.LO 14-1 Explain the promises and risks associated with exporting.
4. IKEA entered India by establishing a wholly owned subsidiary. Why do you think the company chose this entry mode over other entry modes, such as franchising the IKEA concept or a joint venture?
3. What are the biggest challenges IKEA faces in growing its Indian operation?
2. Why did the company chose Hyderabad as the location for its first store opening?
1. What do you think are the attractions of India to IKEA?
4. A small Canadian firm that has developed valuable new medical products using its unique biotechnology know-how is trying to decide how best to serve the European Union market. Its choices are given below.The cost of investment in manufacturing facilities will be a major one for the Canadian
1. Review the Management Focus, “Tesco’s International Growth Strategy,” and then answer the following questions:a. Why did Tesco’s initial international expansion strategy focus on developing nations?b. How does Tesco create value in its international operations?c. In Asia, Tesco has a
LO 13-4 Recognize the pros and cons of acquisitions versus greenfield ventures as an entry strategy.
LO 13-3 Identify the factors that influence a firm’s choice of entry mode.
LO 13-2 Compare and contrast the different modes that firms use to enter foreign markets.

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Global Business Today 12th Edition Charles Hill - Solutions

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