READ THE QUESTION AND ANSWER AS PER REQUIRED

1. ________ is the process of developing a particular international strategy.

A) Strategic planning.

B) Global management.

C) Multinational flexibility.

D) International strategic management.

2. Which strategy combines the benefits of global scale efficiencies and local responsiveness?

A) multi-domestic strategy.

B) home replication strategy.

C) transnational strategy.

D) global strategy.

3. The primary goal of a(n) ________ is the creation of standardized goods and services that will address the needs of customers worldwide.

A) multidomestic strategy.

B) home replication strategy.

C) transnational strategy.

D) global strategy.

4. _______ are comprehensive frameworks for achieving a firms fundamental goals.

A) Strategic business units.

B) International strategies.

C) Competitive goals.

D) International operational plans.

5. A(n) ________ is a systematic collection of data about all elements of the firms external and internal environments.

A) environmental scan.

B) strategic analysis.

C) strategic formulation.

D) situation analysis.

6. knowledge that is easy to communicate to others via words, pictures, formulate, or other means.

A. Strategic Planning

B. foreign environments

C. Explicit Knowledge

7. .....................describes the company's desired future position if it can acquire the necessary competencies and successfully implement its strategy.

A. Vision Statement.

B. Values Statement.

C. Mission Statement.

8. action plans the enable organizations to reach their objectives is known as.

A. Competitive Strategies.

B. Values Statement.

C. Mission Statement.

9. specialized ways of performing a particular task or activity.

A. Procedures.

B. Sales Forecast.

C. Time Horizon.

D. tactical decisions.

10. different cultural patterns often require changes in brand name, color, label translations, package size & price.

A. Sociocultural Forces.

B. Economic Forces.

C. Physical Forces.

D. Legal Forces.

ESSAY QUESTIONS

1. Explain the difference between 4 strategies of MNEs that is discussed in the class.
2. Analyze the internal and external environment affecting Apple company.
3. Discuss the global strategies of proctor and gamble.
4. Discuss on the Walt Disney Company's international strategy.
5. Discuss on The Challenges of International Strategic Management.
6. How is formulating strategy for international business different from that of domestic business?
7. Choose any one company and discuss the steps in International Strategy Formulation.