DBA Global Business Strategy and International Management 3

Question 1

The concept of 'glocalization' in international business strategy refers to:

Accepted Answer

Adapting globally standardized products or services to meet local needs and preferences

Answer

Glocalization combines 'globalization' and 'localization,' describing the practice of designing and marketing products that balance global consistency with meaningful local customization.

Question 2

According to the resource-based view (RBV), a sustainable competitive advantage in international markets requires firm resources that are:

Accepted Answer

Valuable, rare, inimitable, and non-substitutable (VRIN)

Answer

Barney's VRIN framework holds that only resources which are simultaneously valuable, rare, imperfectly imitable, and non-substitutable can generate sustainable competitive advantage that rivals cannot easily replicate.

Question 3

A multinational's 'integration-responsiveness' (IR) grid plots strategies along two axes. What do those axes represent?

Accepted Answer

Pressure for global integration and pressure for local responsiveness

Answer

The IR grid, developed by Prahalad and Doz, plots the tension between the need to integrate activities globally (for efficiency) and the need to adapt locally (for responsiveness), guiding multinational strategy choice.

Question 4

Which trade theory suggests that countries should specialize in producing goods for which they have a lower opportunity cost compared to trading partners?

Accepted Answer

Comparative advantage (Ricardo)

Answer

Ricardo's theory of comparative advantage states that mutual gains from trade arise when each country specializes in goods it produces at a lower relative (opportunity) cost, even if one country has absolute advantages in all goods.

Question 5

In managing expatriate assignments, 'repatriation failure' most commonly refers to:

Accepted Answer

High turnover of returning expatriates because their new skills are underutilized or unrecognized

Answer

Repatriation failure occurs when returning expatriates leave the firm shortly after coming home, typically because the organization has not planned a role that leverages the international experience and knowledge they gained.

DBA - Doctor of Business Administration Practice Test

DBA - Doctor of Business Administration Practice Test

DBA Global Business Strategy and International Management 3