Chapter 3: Global leaders learning in response to change
1.
Reactive change conditions include:
a.
Realization of the need to quickly change the strategy because company perfor-
mance is rapidly sinking and it is a crisis.
2.
Companies seek to limit risk upon entering a new and uncertain foreign market for the
first time by choosing X as their initial entry strategy.
3.
MNEs doing business in foreign markets generally use either a global efficiency or
local responsiveness strategy depending on whether customers around the world use
the same purchasing criteria or not. In which of the following industries would a global
efficiency strategy be the best choice?
a.
Cosmetics
4. MNEs carefully select joint venture partners by considering:
a. Compatibility of asymmetrical skills;
5. If an MNE’s mindset is that only skilled local managers and employees can truly under-
stand how to handle the cultural milieu in that local market, this represents a:
a. Geocentric mindset;
6. Keirsey identified four individual learning styles that were predominantly characteristic
of specific national cultures. Which of the four was the most supportive of stability and
the status quo and least responsive to changing conditions?
d. Diplomatic (NF).