Global Management Strategy Exam! Trivia Questions Quiz
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- 1.To be able to succeed in the constantly changing environment of the international marketplace, managers must be able to sense and interpret intricate and dynamic changes in the environment.
- A.
True
- B.
False
- 2.The worldwide functional manager must develop key relationships throughout the firm so that they may be able to capture information and innovation as it develops and she that information throughout the company to stay ahead of trends in the industry and to take advantage of opportunities and avoid threats as they emerge.
- A.
True
- B.
False
- 3.Managers at the top of the organization must be able to push the envelope to do better and strive harder by redefining the mission of the firm if necessary and adjusting the strategy if required.
- A.
True
- B.
False
- 4.Managers must be able to develop and bring together a variety of strategic capabilities.
- A.
True
- B.
False
- 5.
- A.
Making decisions on where to locate key manufacturing plants
- B.
Understand the local culture and acting as the local expert of the market
- C.
Responding to the existing framework and investment that have already been made by past strategy
- 6.When the Country Manager wears the PIONEER hat, they are (choose the one that does not fit):
- A.
Defining the market structure
- B.
Developing key relationships
- C.
Develop innovative ideas and capabilities
- D.
Defining customer needs
- 7.As the Global Business Strategist, the manager is making sure that there is a consistency of the business strategy locally with the overarching corporate strategy.
- A.
True
- B.
False
- 8.The worldwide functional manager must (choose one that does not fit):
- A.
Scan the environment for information that may be groundbreaking to the firm or industry
- B.
Take into account the Administrative Heritage of the firm
- C.
Shares information with the appropriate people within the firm
- 9.The country manager is balancing the countervailing forces of the local market with the overarching corporate strategy of the firm, which can be a challenge. They are making sure the broad goals are being understood and implemented and at the same time, the local operations are heard and the needs and views are considered.
- A.
True
- B.
False
- 10.As an architect of asset and Resource configuration, the manager must track and coordinate the logistics of materials and component parts through the value chain to ensure timely delivery of quality inputs for the timely and quality production of the final product, the output.
- A.
True
- B.
False
- 11.Manager must be able to build and manage organizations that can withstand changes and at the same time compete on a worldwide platform.
- A.
True
- B.
False
- 12.The Global Business manager must start from scratch and design a process that will work going forward for the firm to be most efficient and effective.
- A.
True
- B.
False
- 13.Managers at the top of the organization must be able to (choose one that does not fit):
- A.
Leverage different perspectives into what is best for the company
- B.
Be able to understand the needs at the local level
- C.
Articulate the vision and strategy of the firm
- 14.When the Country Manger wear the TRADER hat, they are ( choose the one that does not fit):
- A.
Developing local resources
- B.
Developing effective marketing messages
- C.
Controlling expenses
- 15.Most popular type of MNE today is the Transnational MNE, their decisions are based on moral principles rather than legal codes and they try to be proactive rather than reactive in dealing with their stakeholders.
- A.
True
- B.
False
- 16.Without effective managers in place you most well thought out and sophisticated strategy will fail.
- A.
True
- B.
False
- 17.As the Global business strategist, the manager is taking into account all of the diverse perspectives and interests of the geographic and functional managers and distilling them down into what is best for the firm.
- A.
True
- B.
False
- 18.When a country manager wears the QUARTERBACK hat, they are (choose the on that does not fit):
- A.
Conferring with headquarters to advocate their view
- B.
Conferring with local experts to understand the market
- C.
Motivating team to achieve results
- 19.Managers at the top of the organization must be able to support new ideas, embrace complexity, and not get stuck doing things one way.
- A.
True
- B.
False
- 20.This type of MNE's primary goal is to maximize their profits. Developing nations are ideal sources for them not only for the lower labor costs but due to their guidelines on age restrictions, safety requirements, and environmental standards.
- A.
Exploitive MNE
- B.
Responsive MNE
- C.
Transactional MNE
- 21.As a global business manager, the role requires the individual to be not only a strategist to make sure that they are achieving the goals of the firm, but also and architect of the resources and assets it will require to achieve this strategy, as well as the coordinator between the home office and the local market.
- A.
True
- B.
False
- 22.This role has traditionally been used as a litmus test to see if a manager can handle more responsibility:
- A.
The Worldwide functional Manager
- B.
The Country Subsidiary
- C.
The Global account manager
- 23.The Geographic Subsidiary manager must help the home country understand the local culture and acting as the local expert of the market, competition, the government, the distribution channels - everything that might be an opportunity or threat in the host market.
- A.
True
- B.
False
- 24.When a country manager wear the INTELLIGENCE hat (choose the one that does not fit):
- A.
Analyzing the environment
- B.
Gathering intelligence on competitors
- C.
Deciding which market the firm should enter
- 25.The firms that are will to sacrifice potential profits in order to address social issues at their core.
- A.
Exploitive MNE
- B.
Responsive MNE
- C.
Transformative MNE
- 26.The biggest risk for most multinational firms is that they are not spending enough time developing that necessary talent.
- A.
True
- B.
False
- 27.As the global business manager, the responsibility falls on this individual to create and maintain global efficiency for the firm so they can remain competitive.
- A.
True
- B.
False
- 28.The job of the Worldwide functional manager is to gather information from all over the world and share that information with everyone in that company.
- A.
True
- B.
False
- 29.The decisions of these firms are based on moral principles rather than legal codes and the are equally concerned with Stakeholder and Shareholder concerns.
- A.
Exploitive MNE
- B.
Responsive MNE
- C.
Transactional MNE
- 30.Three primary roles that are imperative for a transnational firm (Choose one that does not fit):
- A.
Global Business Manager
- B.
Global Account Manager
- C.
Worldwide Functional Manager
- 31.The cross-border coordinator, that manager is responsible for (Choose one that does not fit):
- A.
Cross-border coordination of strategy
- B.
Cross-border coordination of marketing
- 32.The roles of the Worldwide function manager is on where the manager is taking on the primary activities of the firm, such as manufacturing, marketing, sales, R&D, and also supporting activities, such as CFO, CIO, or I.T.
- A.
True
- B.
False
- 33.The managers at the top of the organization must be able to provide the same type of leadership as the Country Subsidiary manager.
- A.
True
- B.
False
- 34.Examples of companies that helped give globalization a bad name (Choose one that does not fit):
- A.
Enron
- B.
Heineken
- C.
Nike
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