1. Studying global strategy is considered highly important for the consulting industry but optional for careers outside consulting.
a.
True
b.
False
ANSWER:
False
2. The company Zoom employs a strategy of both planned deliberate actions and unplanned emergent activities.
a.
True
b.
False
ANSWER:
True
3. A multinational enterprise rarely engages in foreign direct investment.
a.
True
b.
False
ANSWER:
False
4. A typical “one-size-fits-all” strategy remains the most effective for firms “going global.”
a.
True
b.
False
ANSWER:
False
5. Researchers are not sure why firms in emerging economies seem to suffer from lower-quality management and how they can catch up.
a.
True
b.
False
ANSWER:
True
6. In the global economic pyramid, the top tier includes the 5 billion people whose annual per capita income is less than US$2,000.
a.
True
b.
False
ANSWER:
False
7. Global strategy has, in the past, been primarily focused on markets that consist of those people who are in the bottom tier of the global economic pyramid, as they make up the largest portion of the population and have the most buying power.
a.
True
b.
False
ANSWER:
False
8. A SWOT analysis resonates well with Sun Tzu’s teachings.
a.
True
b.
False
ANSWER:
True
9. If a strategy (theory) is truly successful, it will work not just for one firm but for all others as well.
a.
True
b.
False
ANSWER:
False
10. If done well, a SWOT analysis will turn unrealized strategies into intended strategies.
a.
True
b.
False
ANSWER:
False
11. The two primary purposes of a theory are to explain the past and predict the future.
a.
True
b.
False
ANSWER:
True
12. The concept of strategy as integration means that strategy is a combination of planned deliberate actions and unplanned emergent activities.
a.
True
b.
False
ANSWER:
True
13. The quality of management practices around the world is higher for more developed economies than emerging economies.
a.
True
b.
False
ANSWER:
True
14. A strategy tripod represents a comprehensive view of strategy consisting of three leading perspectives.
a.
True
b.
False
ANSWER:
True
15. The three key perspectives of strategy as a discipline include industry-based, resource-based, and institution-based views.
a.
True
b.
False
ANSWER:
True
16. Companies use balanced scorecards to summarize business information into a smaller number of critical factors.
a.
True
b.
False
ANSWER:
True
17. Determining the scope of the firm involves not only growth of the firm but also contraction.
a.
True
b.
False
ANSWER:
True
18. The text stresses that realism indicates that all companies should go global and endeavor to do so as quickly as possible in view of the vast opportunities that exist.
a.
True
b.
False
ANSWER:
False
2. The company Zoom employs a strategy of both planned deliberate actions and unplanned emergent activities.
a.
True
b.
False
ANSWER:
True
3. A multinational enterprise rarely engages in foreign direct investment.
a.
True
b.
False
ANSWER:
False
4. A typical “one-size-fits-all” strategy remains the most effective for firms “going global.”
a.
True
b.
False
ANSWER:
False
5. Researchers are not sure why firms in emerging economies seem to suffer from lower-quality management and how they can catch up.
a.
True
b.
False
ANSWER:
True
6. In the global economic pyramid, the top tier includes the 5 billion people whose annual per capita income is less than US$2,000.
a.
True
b.
False
ANSWER:
False
7. Global strategy has, in the past, been primarily focused on markets that consist of those people who are in the bottom tier of the global economic pyramid, as they make up the largest portion of the population and have the most buying power.
a.
True
b.
False
ANSWER:
False
8. A SWOT analysis resonates well with Sun Tzu’s teachings.
a.
True
b.
False
ANSWER:
True
9. If a strategy (theory) is truly successful, it will work not just for one firm but for all others as well.
a.
True
b.
False
ANSWER:
False
10. If done well, a SWOT analysis will turn unrealized strategies into intended strategies.
a.
True
b.
False
ANSWER:
False
11. The two primary purposes of a theory are to explain the past and predict the future.
a.
True
b.
False
ANSWER:
True
12. The concept of strategy as integration means that strategy is a combination of planned deliberate actions and unplanned emergent activities.
a.
True
b.
False
ANSWER:
True
13. The quality of management practices around the world is higher for more developed economies than emerging economies.
a.
True
b.
False
ANSWER:
True
14. A strategy tripod represents a comprehensive view of strategy consisting of three leading perspectives.
a.
True
b.
False
ANSWER:
True
15. The three key perspectives of strategy as a discipline include industry-based, resource-based, and institution-based views.
a.
True
b.
False
ANSWER:
True
16. Companies use balanced scorecards to summarize business information into a smaller number of critical factors.
a.
True
b.
False
ANSWER:
True
17. Determining the scope of the firm involves not only growth of the firm but also contraction.
a.
True
b.
False
ANSWER:
True
18. The text stresses that realism indicates that all companies should go global and endeavor to do so as quickly as possible in view of the vast opportunities that exist.