1. How difficult is it for merger and acquisition strategies to create value and which firms benefit the most from M & A activity?

2. What are the incentives for firms to use international strategies? What are the three basic benefits firms can derive by moving into international markets?

3. Explain the rationales for a cooperative strategy under each of the three types of basic market situations (i.e., slow, standard, and fast cycles).

4. What is corporate governance and how is it used to monitor and control managers' decisions?

5. Discuss the difference between strategic and financial controls.

6. What is a top management team, and how does it affect a firm's performance and its abilities to innovate and design and implement effective strategic changes?

7. What is the importance of international entrepreneurship?