 Strategic Management: Strategic Managment Gregory G. Dess,
University of Texas at Dallas
G.T. Lumpkin,
University of Illinois--Chicago
International Strategy: Creating Value in Global Markets
Application Questions| Application Questions and Exercises
1. Data on the "competitiveness of nations" can be found on www.imd.ch/wcy/ranking/. This website provides a ranking on a variety of criteria for 49 countries. How might Porter’s diamond of national advantage help to explain the rankings for some of these countries for certain industries that interest you?
2. The Internet has lowered the entry barriers for smaller firms that wish to diversify into international markets. Why is this so? Provide an example.
3. Many firms fail when they enter into strategic alliances with firms that link up with companies based in other countries. What are some reasons for this failure? Provide an example.
4. Many large U.S.-based management consulting companies such as McKinsey and Company and the BCG Group have been very successful in the international marketplace. How can Porter’s diamond explain their success?
Ethics Questions
1. Over the past few decades, many American firms have relocated their operations from the United States to countries such as Mexico and China that pay lower wages. What are some of the ethical issues that such actions may raise?
2. Business practices and customs vary throughout the world. What are some of the ethical issues concerning payments that must be made in a foreign country to obtain business opportunities?
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2002 A McGraw-Hill Online Learning Centre