What is Strategic Formulation?

QUESTION 1 

A strategic formulation and implementation utilizing strategies of total quality management to meet or exceed customers' expectations and continuously improve products and services is called? 

		An economic strategy.
		A tactical imperative.
		A political imperative.
		A quality imperative.

QUESTION 2 

A worldwide strategy based on cost leadership, differentiation, and segmentation is called? 

		Worldwide economic systems.
		Keynesian economics.
		Economic strategy.
		Economic imperative.

QUESTION 3 

When you have high National responsiveness and high Global Integration, it is called? 

		Global strategy.
		International strategy.
		Transnational strategy .
		Strategic economics.

QUESTION 4 

When looking at the Potential Benefits of the Business Model, P&G/PSI and the Safe Drinking Water Alliance is considered: 

		Generation of novel business model.
		Cost minimization.
		Value creation.
		Value delivery.

QUESTION 5 

The need to understand the different consumer tastes in segmented regional markets and respond to different national standards and regulations imposed by autonomous governments and agencies is termed: 

		National responsiveness.
		Quality administration.
		Strategic quality.
		Global integration.

QUESTION 6 

An agreement that allows one party to use an industrial property right in exchange for payment to the owning party is called? 

		An alliance.
		A license.
		A joint venture.
		A quick legal agreement to work in another country.

QUESTION 7 

Which organizations have the highest pressure for global integration and the highest pressure for local responsiveness: 

		Telecommunications and Aerospace.
		Cement and construction.
		Packaged goods and synthetic fibers.
		Grocery stores and discount stores like Walmart.

QUESTION 8 

A Non-equity venture is characterized by: 

		A service provided by an alliance allowing a company access to lower cost workers.
		One group providing a service for another .
		Two groups providing services for each other at the same time.
		One group providing services while another provides banking services outside of the host country at a discounted fee.

QUESTION 9 

When discussing the organizational characteristics of MNCs, there are internal versus external networks. When the managerial dimension has an  Emphasis on People , the internal network is __________ while the External Network is __________?  

(Fill in the Blanks using the multiple choice answers below) 

		Clear; more.
		Cooperative; competitive.
		Less; more.
		Clear, ambiguous.

QUESTION 10 

Exporting and importing can provide easy access to overseas markets; however, this strategy is? 

		Transitional in nature.
		A strategic method to gain market share.
		A tactical method to gain supplies and a workforce at a lower cost.
		A quick way to enter a market and gain low cost products.

QUESTION 11 

Some international management experts contend that globalization and national responsiveness are diametrically opposed forces, and that to accommodate one, a multinational must relax its efforts in the other. In what way is this an accurate statement? In what way is it incomplete or inaccurate? 

This statement is accurate because it states that globalization and national responsiveness appear to possess opposed forces. Globalization is majorly concerned with the production and distribution of similar goods throughout the world. It focuses on exploiting the worldwide market and ensuring that an organization reaps benefits associated with economies of scale by increasing its product production. In contrast, national responsiveness aims to understand customers' preferences in different countries' markets and act based on specifics nations’regulations as outlined by the government. This statement is accurate because national responsiveness and globalization differ and focus on different objectives and strategies. However, it is inaccurate to state that a multinational company must relax its effort on the other to accommodate one. The two operation strategies are essential to an organization’s success. Therefore, MNCs should accommodate both of them to yield all advantages associated with globalization and national responsiveness. As the organization focuses on gaining the economies of scale benefits through globalization, it is crucial to consider different customers' needs in different regions and different national standards and regulations. 

Your response should be at least 200 words in length. 

QUESTION 12 

In what way do the concepts of formalization, specialization, and centralization have an impact on MNC organization structures? In your answer, use a well-known firm such as IBM or Ford to illustrate the practical expressions of these three characteristics. 

Formalization ensures an outline of an organization's rules, regulations, and policies to guide daily employee operations. A formalized organization uses designed structures to control, make decisions, and communicate. It impacts the organization by ensuring that employees are well notified of their duties which they need to accomplish strictly, thus improving their performance, leading to the organization’s success. For instance, the Samsung Company employees acknowledge that they tend to be more productive because the organization outlines their duties and roles toward specific goals formally and strictly. 

Specialization concepts focus on promoting skillful and qualified people at job positions that fit their qualifications. An individual is assigned a particular task ensuring that he/she focuses on his/her work without trying to multitask in other different categories of jobs. Consequently, employees become productive since they operate in their expertise, thus, improving the organization’s performance. For instance, Alibaba has differentiated departments based on different categories of work. 

The concept of centralization gives the power to top management in the decision making process. A central point that constitutes the designated group generates decisions and power. This concept enables MNC to have total control over the business operations, ensuring that every worker performs his/her duty diligently. For instance, Alibaba practices centralization, and the top management makes all decisions regarding different sellers. 

Your response should be at least 200 words in length.