PART I: CURRENT EVENT ANALYSIS
Directions: Utilize LIRN and other sources of information (articles, internet sources, etc.) to find one current event article or news story related to any concept presented in this module. Summarize the article's main points/concepts and discuss how the it using APA format. Length should be a minimum of one page, double-spaced. Provide links to the articles (or scan and upload a printed article). Please use proper APA citation when using any source including the textbook. Please visit the Academic Resource Center (ARC) for concise APA guidelines.
PART II: SHORT ANSWER
Directions: Please answer each of the following questions completely and provide examples from the text, if applicable, to support your answers. Each response should be written in complete sentences and be at least one to two paragraphs in length unless otherwise indicated. Please use proper APA citation when using any source including the textbook. Please visit the Academic Resource Center (ARC) for concise APA guidelines.
1. What type of strategy does IKEA follow? Describe their strategy in detail. What are some of the things they excel at? Utilize LIRN resources and/or other sources to support your answer. Cite your sources.
2. Name and define/describe the four basic components of strategy development?
3. Name and define/describe the three types of corporate strategies an MNC might choose to follow? Name a corporation that is following each of the three types of corporate strategies. Support your answers.
4. Briefly describe the four strategic alternatives for international business. Identify the four basic components of any type of international strategy.
5. What is international strategic management? How do international, corporate, business, and functional strategies differ?
6. Describe the value chain and how it is used to assess a firm's strengths and weaknesses.
7. Define and describe five critical factors in assessing new market opportunities.
8. What are the five primary types of entry modes for foreign markets? What types of risks should international firms consider before entering a foreign market?
9. What is contract manufacturing? What are the advantages and disadvantages of contract manufacturing?
10. How is compensation typically addressed in international licensing and franchising contracts? What basic issues should be addressed in such contracts?
11. What is the difference between a brownfield strategy and a greenfield strategy? Do you think one strategy is better than the other? Explain.
12. Compare and contrast the three forms of foreign direct investment.
13. What specific issues must be addressed in a detailed legal contract for an international licensing agreement? Discuss the importance of each one.
14. What are the various forms that strategic alliances can take? What are the benefits of strategic alliances?
15. Discuss the problems associated with forming a strategic alliance with a competitor.
16. Why did Boeing establish a strategic alliance with several Japanese partners to help develop its 777 jet? What was the scope of the alliance?
17. Why was it important for General Mills and Nestle to form a comprehensive joint venture in Europe, rather than a marketing alliance?
18. How does the party secretary of the Chinese Communist Party affect the management of joint ventures between MNCs and Chinese firms?
19. Explain why governments engage in public-private ventures in the oil industry.