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managing human resources
Human Resource Strategy Formulation Implementation And Impact 2nd Edition Bjarne Stroustrup - Solutions
How straightforward or ambiguous was the task of evaluating and ranking the three alternatives?
Otis Elevator has sought to obtain first-mover advantages by quickly entering emerging markets with the help of local partners. This strategy has proven successful for Otis. Should all firms adopt this strategy? Under what conditions is this strategy most likely to be successful?
What are some of the similarities and differences between forming a strategic alliance with a firm from your home country and forming one with a firm from a foreign country?
Why would a firm decide to enter a new market on its own rather than using a strategic alliance?
What are some of the issues involved in a firm’s trying to learn from a strategic alliance partner without giving out too much valuable information of its own?
Can you think of any products you use that may have been marketed in your country as a result of a strategic alliance? What are they?
Could a firm conceivably undertake too many strategic alliances at one time? Why or why not?
What factors could conceivably cause a sharp decline in the number of new strategic alliances formed?
Assume you are a manager for a large international firm, which has decided to enlist a foreign partner in a strategic alliance and has asked you to be involved in the collaboration.What effects, if any, might the decision to structure the collaboration as a JV have on you personally and on your
What are the relative advantages and disadvantages of JVs compared to other types of strategic alliances?
What are the potential pitfalls of strategic
Under what circumstances might public and private partners undertake a strategic alliance?
What are the three basic ways of managing a strategic alliance?
What factors should be considered in selecting a strategic alliance partner?
What is an R&D consortium?
What are the four common types of functional alliances?Briefly explain each.
What are the basic characteristics of a comprehensive alliance? What form is it likely to take?
What are the basic benefits partners are likely to gain from their strategic alliance? Briefly explain each.
Why have strategic alliances grown in popularity in recent years?
What are the basic differences between a JV and other types of strategic alliances?
Over its brief history, Haier has internationalized its operations through contract manufacturing, exporting, joint ventures, and foreign direct investment. Why do you think it used so many different modes of entering foreign markets?
Do you agree with Haier’s strategy to enter the U.S.market by focusing on low-cost niche markets like dorm refrigerators, wine chillers, and room air conditioners? Was this a good way for Haier to get its foot in the door in the American market, or would it permanently mark Haier as a producer of
Assess the “three thirds” strategy. Considering China’s low manufacturing costs at the beginning of the century, does Zhang’s goal of shifting a third of the company’s production outside of China seem sound?
Why did Zhang destroy perfectly good refrigerators—although perhaps with a scratch or two on them—in such a public manner?
What does this exercise teach you about international business?
What are the specific factors that enable Heineken to use the approach described and simultaneously make it difficult for some other firms to copy it? What types of firms are most and least likely to be able to use this approach?
Each pair of groups that exchanged lists should form one new group. Compare lists and note areas in which the smaller groups agreed and disagreed on their classifications. Discuss the reasons for any disagreements in classification.
Randomly list the 10 examples you identified, keeping the rationale for each hidden. Exchange lists with another group. Each group should discuss the list given to it by the other group and classify the various products or brands into one of two categories: “can copy Heineken’s approach”
Identify at least five products or brands that probably could not use that strategy. Develop a clear rationale to support each example.
Identify at least five products or brands you are familiar with that could use the same three-step approach perfected by Heineken for entering foreign markets. Develop a clear rationale to support each example.
Under what conditions should a firm consider a greenfield strategy for FDI? An acquisition strategy?
What factors could cause you to reject an offer from a potential licensee to make and market your firm’s products in a foreign market?
Do you think trading companies such as Japan’s sogo shosha will ever become common in the United States? Why or why not?
Your firm is about to begin exporting. In selecting an export intermediary, what characteristics would you look for?
What conditions must exist for an intra-corporate transfer to be cost-effective?
What specific factors could cause a firm to reject exporting as an entry mode?
Why is exporting the most popular initial entry mode?
How does each advantage in Dunning’s eclectic theory specifically affect a firm’s decision regarding entry mode?
How difficult or easy do you think it is for managers to gauge the costs, benefits, and risks of a particular foreign market?
Do you think it is possible for someone to make a decision about entering a particular foreign market without having visited that market? Why or why not?
What is FDI? What are its three basic forms? What are the relative advantages and disadvantages of each?
What are three specialized entry modes for international business, and how do they work?
What is international franchising? What are its advantages and disadvantages?
What is international licensing? What are its advantages and disadvantages?
What is an export intermediary? What is its role? What are the various types of export intermediaxkries?
What are three forms of exporting?
What are the primary advantages and disadvantages of exporting?
What is exporting? Why has it increased so dramatically in recent years?
What are some of the basic issues a firm must confront when choosing an entry mode for a new foreign market?
What are the steps in conducting a foreign market analysis?
MyLab Management Only—comprehensive writing assignment for this chapter.
What are some of the issues that a firm might need to address if it decides to change its corporate or business strategy? For example, how would an MNC go about changing from a strategy of related diversification to a strategy of unrelated diversification?
Describe and discuss the three sources of competitive advantage available to international businesses that are not available to purely domestic firms. Why is it difficult for firms to exploit these three competitive advantages simultaneously?
What advice would you give to Natarajan Chandrasekaran, the newly installed chairman of Tata Sons?What are the primary challenges that he faces? What changes, if any, would you recommend him to make to the Tata group’s policies and procedures?
The Tata group has a strong commitment to high ethical standards and corporate social responsibility. Does it gain any competitive advantages in the marketplace because of this commitment?
Many corporate takeovers involve the acquiring firm installing its own managers and slashing the payrolls of the acquired firm. Why has Tata chosen to retain the existing management teams of the foreign companies it has taken over?
What are institutional voids? Why might they encourage the conglomerate form of organization in emerging markets?
What advantages does the Tata group gain from being a conglomerate? What are the disadvantages?
Think of at least two other businesses that are related to the business you will keep and that might be targets for acquisition.
Identify three other countries where there might be potential for business expansion. Explain why.
Identify existing competitors for the business you chose to keep, including both domestic and international firms.
Using any criterion your group prefers, select any single existing business and assume that you will recommend that it be kept and the other three sold.
Evaluate the extent to which there are any bases of relatedness among any of the four existing businesses.
Characterize the current business strategies the company appears to be following with each of its four existing businesses.
Related and unrelated diversification represent extremes of a continuum. Discuss why a firm might want to take a midrange approach to diversification, as opposed to being purely one or the other.
Identify products you use regularly that are made by international firms that use the three different business strategies.
Is a firm with a corporate strategy of related diversification more or less likely than a firm with a corporate strategy of unrelated diversification to use the same business strategy for all its SBUs? Why or why not?
The new Disney theme park in Shanghai opened in 2016. Develop a list of at least five ways other units of Disney can help promote and publicize the park’s operations.
How are the components of international strategy(scope of operations, resource deployment, distinctive competence, and synergy) likely to vary across different types of corporate strategy (single-business, related diversification, and unrelated diversification)?
Why do relatively few international firms pursue a single-product strategy?
How can a poor SWOT analysis affect strategic planning?
Study mission statements from several international businesses in the same industry. How do they differ, and how are they similar?
Successful implementation of the global and the transnational approaches requires high levels of coordination and rapid information flows between corporate headquarters and subsidiaries. Accordingly, would you expect to find many companies adopting either of these approaches in the nineteenth
Should the same managers be involved in both formulating and implementing international strategy, or should each part of the process be handled by different managers?Why?
What are the basic differences between a domestic strategy and an international strategy?
What are the basic types of functional strategies most firms use? Is it likely that some firms have different functional strategies?
Identify and distinguish among three common approaches to business strategy.
Identify and distinguish among three common approaches to corporate strategy.
What are the three levels of international strategy? Why is it important to distinguish among the levels?
Describe the role and importance of distinctive competence in international strategy formulation.
Identify the four components of an international strategy.
What are the steps in international strategy formulation?Are these likely to vary among firms?
How do international strategy formulation and international strategy implementation differ?
What are the four basic philosophies that guide strategic management in most MNCs?
What is international strategic management?
MyLab Management Only—comprehensive writing assignment for this chapter.
Discuss the history of the EU. What are the major challenges the EU has had to overcome to reach its current preeminence?
What are the five forms of regional economic integration? How do they differ from one another?
List the various ways that a citizen (or groups of citizens) of your country can influence decisions taken by your national government. List the various ways that a citizen (or a group of citizens) of an EU member state can influence decisions taken by his or her national government. Now list the
Suppose the European Commission is considering an EU-wide policy mandating that workers be entitled to a onemonth vacation every year. To promote a common market, is it necessary that all EU members have the same policies toward annual vacations? Or should this decision be left to the member states?
In 2012, Peugeot announced that it would shutter its factory in Aulnay-sous-Blois, costing 8,000 workers their jobs.President Hollande immediately denounced the proposed downsizing and pressured the company to change its plans and business strategy. He offered the company’s finance subsidiary€7
Italy’s old age dependency ratio in 2012 was 0.28; by 2050, it is expected to rise to 0.68. Would you be willing to build a new factory in Italy in 2050? Will Italian teenagers in 2050 be motivated to study hard in school if they fear that their future earnings will be subject to high income
What are the economic implications of a rising old-age dependency ratio?
Do you think the effects of TAFTA on each product you selected will be consistent with what advocates or critics of TAFTA might have predicted?
Will TAFTA increase competition from other producers?
Will TAFTA provide new market opportunities for some of the products you identified? Why or why not?
Why does the MFN principle promote multilateral, rather than bilateral, negotiations among WTO members?
Of what importance are rules of origin to international businesses?
Is the abandonment of import substitution policies by South American governments a necessary condition for the success of the Andean Community and the Mercosur Accord?
What strategies can North American and Asian firms adopt to ensure access to the enormous EU market?
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