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978-1305500891 Chapter 1 Lecture Note
CHAPTER 1 GLOBALIZING BUSINESS LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. explain the concepts of international business and global business, with a focus on emerging economies. 2. give three reasons why it is important to […]
978-1305500891 Chapter 1 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. What is the traditional definition of IB? How is global business defined in this book? International business (IB) is defined […]
978-1305500891 Chapter 10 Lecture Note
CHAPTER 10 ENTERING FOREIGN MARKETS LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. understand how institutions and resources affect the liability of foreignness. 2. match the quest for location-specific advantages with strategic goals (where to enter). […]
978-1305500891 Chapter 10 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. How do foreign firms suffer from liability of foreignness? First, there are numerous differences in formal and informal institutions […]
978-1305500891 Chapter 11 Lecture Note
CHAPTER 11 MANAGING GLOBAL COMPETITIVE DYNAMICS LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. understand the industry conditions conducive to cooperation and collusion. 2. outline how formal institutions affect domestic and international competition. 3. articulate how […]
978-1305500891 Chapter 11 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. Explain the differences between tacit and explicit collusion. Tacit collusion: firms indirectly coordinating actions by signaling their intention to 2. […]
978-1305500891 Chapter 12 Lecture Note
CHAPTER 12 MAKING ALLIANCES AND ACQUISITIONS WORK LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. define alliances and acquisitions. 2. articulate how institutions and resources influence alliances and acquisitions. 3. describe how alliances are formed. 4. […]
978-1305500891 Chapter 12 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. List several examples of contractual alliances and several examples of equity-based alliances. In regards to the examples, the important thing […]
978-1305500891 Chapter 13 Lecture Note
CHAPTER 13 STRATEGIZING, STRUCTURING, AND LEARNING AROUND THE WORLD LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. describe the relationship between multinational strategy and structure. 2. explain how institutions and resources affect strategy, structure, and learning. […]
978-1305500891 Chapter 13 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. The pressure to reduce costs is common to both domestic and international competition, but what additional kind of pressure is […]
978-1305500891 Chapter 14 Lecture Note
CHAPTER 14 COMPETING ON MARKETING AND SUPPLY CHAIN MANAGEMENT LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. articulate three of the four Ps in marketing (product, price, and promotion) in a global context. 2. explain how […]
978-1305500891 Chapter 14 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. ON CULTURE: What cultural issue could be involved in product decisions in terms of localization versus standardization? Many examples could […]
978-1305500891 Chapter 15 Lecture Note
CHAPTER 15 MANAGING HUMAN RESOURCES GLOBALLY LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. explain staffing decisions with a focus on expatriates. 2. identify training and development needs for expatriates and host-country nationals. 3. discuss compensation […]
978-1305500891 Chapter 15 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. Name and describe three staffing approaches. Ethnocentric approach is an emphasis on the norms and practices of the parent company […]
978-1305500891 Chapter 16 Lecture Note
CHAPTER 16 FINANCING AND GOVERNING THE CORPORATION GLOBALLY LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. outline the two means of financing decisions, equity and debt. 2. differentiate various ownership patterns around the world. 3. articulate […]
978-1305500891 Chapter 16 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. What are the two primary means of financing? How do they differ? The two primary means involve equity and debt. […]
978-1305500891 Chapter 17 Lecture Note
CHAPTER 17 MANAGING CORPORATE SOCIAL RESPONSIBILITY GLOBALLY LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. articulate what is a stakeholder view of the firm. 2. apply the institution-based and resource-based views to analyze corporate social responsibility […]
978-1305500891 Chapter 17 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. How do you define global sustainability? 2. How do the concerns of a primary stakeholder differ from those of a […]
978-1305500891 Chapter 2 Lecture Note
CHAPTER 2 UNDERSTANDING FORMAL INSTITUTIONS: POLITICS, LAWS, AND ECONOMICS LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. explain the concept of institutions and their key role in reducing uncertainty. 2. articulate the two core propositions underpinning […]
978-1305500891 Chapter 2 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. ON CULTURE: Is there any relationship between the culture of a given country and the extent to which it will […]
978-1305500891 Chapter 3 Lecture Note
CHAPTER 3 EMPHASIZING INFORMAL INSTITUTIONS: CULTURES, ETHICS, AND NORMS LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. define culture and articulate its four main manifestations: language, religion, social structure, and education. 2. discuss how cultures systematically […]
978-1305500891 Chapter 3 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. ON CULTURE: As you review how cultures differ from each other, imagine that you want to develop a flexible and […]
978-1305500891 Chapter 4 Lecture Note
CHAPTER 4 LEVERAGING RESOURCES AND CAPABILITIES LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. define resources and capabilities. 2. explain how value is created from a firm’s resources and capabilities. 3. articulate the difference between keeping […]
978-1305500891 Chapter 4 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. Describe at least three types of tangible and intangible resources and capabilities. Tangible resources and capability include the following […]
978-1305500891 Chapter 5 Lecture Note
CHAPTER 5 TRADING INTERNATIONALLY LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. use the resource-based and institution-based views to answer why nations trade. 2. understand classical and modern theories of international trade. 3. realize the importance […]
978-1305500891 Chapter 5 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. Look at PengAtlas Maps 2.1 (Top Merchandise Importers and Exporters) and 2.2 (Top Service Importers and Exporters). Compare the global […]
978-1305500891 Chapter 6 Lecture Note
CHAPTER 6 INVESTING ABROAD DIRECTLY LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. use the resource-based and institution-based views to answer why foreign direct investment (FDI) takes place. 2. understand how FDI results in ownership, location, […]
978-1305500891 Chapter 6 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. What is the primary difference between FDI and FPI? Foreign direct investment (FDI) is investing in, controlling, and managing value-added […]
978-1305500891 Chapter 7 Lecture Note
CHAPTER 7 DEALING WITH FOREIGN EXCHANGE LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. understand the determinants of foreign exchange rates. 2. track the evolution of the international monetary system. 3. identify firms’ strategic responses to […]
978-1305500891 Chapter 7 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. ON CULTURE: Suppose that in country X, the culture is one that avoids risk and frowns on gambling. Suppose the […]
978-1305500891 Chapter 8 Lecture Note
CHAPTER 8 CAPITALIZING ON GLOBAL AND REGIONAL INTEGRATION LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. make the case for global economic integration. 2. understand the evolution of the GATT and the WTO, including current challenges. […]
978-1305500891 Chapter 8 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. ON CULTURE: Suppose the people of a given country place a very high value on their economic independence and control […]
978-1305500891 Chapter 9 Lecture Note
CHAPTER 9 GROWING AND INTERNATIONALIZING THE ENTREPRENEURIAL FIRM LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. define entrepreneurship, entrepreneurs, and entrepreneurial firms. 2. identify the institutions and resources that affect entrepreneurship. 3. discuss three characteristics of […]
978-1305500891 Chapter 9 Solution Manual
END-OF-CHAPTER GUIDE *Review Questions and Answers *Critical Discussion Questions and Answers *Global Action *Closing Case REVIEW QUESTIONS AND ANSWERS 1. Based on your definition of entrepreneurship, can a firm be truly entrepreneurial if it does not expand globally? The definition […]