Page 302 - DMGT545_INTERNATIONAL_BUSINESS

Unit 15: Global Strategic Management and Business Ethics

15.9 review Questions notes

1. “The value systems and norms of a country can affect the costs of doing business in that
country” Discuss.
2. What is not ethical in one country might be common in another? Despite this, the “when in
Rome” approach to business ethics is dangerous. Do you agree?
3. In a world of zero transportation costs, no trade barriers and non-trivial differences between
nations with regard to factor conditions, firms must expand internationally if they are to
survive. Discuss.
4. Are the following global industries or multi-domestic industries: bulk chemicals,
pharmaceuticals, branded food products, movie-making, television manufacture, personal
computers, airlines travel?
5. Discuss how the need for control over foreign operations varies with the strategy and core
competencies of a firm. What are the implications of this for the choice of entry mode?
6. Explain the relation between global strategic management and business ethics.
7. What are the peculiarities of global strategic management?
8. How can firm act as a value chain?
9. Differentiate between primary activities and support activities.
10. Write a short note on the various collaborative strategies.

answers: self assessment

1. Human resources 2. Information systems
3. Company 4. Primary activities
5. Firm 6. Coordination and configuration
7. Standardization

8. Factor endowments, comparative advantage, transportation costs, and global markets
9. Modern corporations 10. International strategic management
11. Market entry strategy 12. Wholly owned subsidiary
13. Continually developing 14. Multi-domestic strategy
15. Customize

15.10 further readings

Books Cherunilam Francis, International Business, Text and Cases 3rd, Edition,
Prentice-Hall of India Private Limited

James H. Taggart and Michael C. Mcdormitt, The Essentials of International Business,
Prentice Hall of India, 2000, p.34.
K. Aswathappa, International Business, 2009, Tata McGraw Hill, New Delhi.

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