Chapter 11

What is the primary goal of a strategy according to the text?

• To increase the firm's market share

• To gain a competitive advantage

• To expand globally

• To reduce operational costs

What do managers examine when developing strategies?

• The firm's financial statements

• The firm's strengths and weaknesses

• The firm's marketing campaigns

• The firm's employee satisfaction

What decisions do managers make after examining the firm's strengths and weaknesses?

• Which suppliers to use

• Which customers to target

• Which employees to promote

• Which technologies to invest in

What is an international strategy?

• A strategy carried out in a single country

• A strategy focused on local markets

• A strategy carried out in two or more countries

• A strategy that ignores foreign competitors

Which of the following is a reason managers develop international strategies?

• To avoid foreign markets

• To allocate scarce resources on a worldwide scale

• To focus solely on domestic partnerships

• To reduce competition with local rivals

What is one of the goals of implementing international strategies?

• To decrease market participation

• To implement valuable partnerships abroad

• To limit activities to local regions

• To avoid engaging with foreign rivals

What are the three strategic objectives a firm should strive for to become a globally competitive enterprise?

• Innovation, Knowledge, Efficiency

• Efficiency, Flexibility, Learning

• Multinational Flexibility, Innovation, Learning

• Global Scale, Efficiency, Knowledge

According to the text, what should managers aim to develop on a worldwide basis?

• Local scale in efficiency

• Multinational flexibility and local knowledge

• Global scale in efficiency, multinational flexibility, and the ability to develop innovations

• Innovations and local market knowledge

What is the primary goal of efficiency as a strategic objective?

• To increase the firm's market share

• To lower the cost of the firm's operations and activities on a global scale

• To enhance customer satisfaction

• To improve employee morale

Which strategic objective focuses on managing diverse country-specific risks and opportunities?

• Efficiency

• Flexibility

• Learning

• Innovation