1. What is a turnkey project and how does it differ from a Greenfield investment? Also, please provide an example and one advantage and disadvantage for firms that pursue this strategy.

2. What is meant by the term Noblesse Oblige? In international business how does this term relate top cultural relativism?

3. How could a firm from a low uncertainty avoidance country adapt workplace policies for their foreign operations in a country that is more of a high uncertainty avoidance nation to achieve higher job satisfaction and performance?

4. Select four products from a U.S. based company (or different companies) that are sold internationally, one for each international strategy (global standardization, transnational, international, localization), and describe why each product fits the description of the correlated strategy.

5. Assume Adidas from Germany is considering a full acquisition of New Balance from the USA to strengthen the firms position in the USA. What are two pros and two cons of this acquisition?

6. Related to question 5, if the deal is approved, what are the pros and cons of an ethnocentric versus polycentric staffing approach for the selection of a CEO for Adidas new larger operations in the USA?