IBP Exam Revision

Q/No

QUESTIONS
What are the factors that influence a company's decision to go abroad? Please explain how these are related to each other. In the discussion on the internationalisation process of a firm, the product life cycle model plays a major role. Please explain and discuss the usefulness this model. Multinational enterprises are different from companies that confine their activities to the domestic market. A multinational enterprise (MNE) is a firm headquartered in one country with operations in other countries. Why would firms consider becoming a multi-national enterprise? Please describe fully a typical internationalization process for a firm producing a standardised product. Porter notes that Firms, not individual nations, compete in international markets. How does this statement help to explain some of the major challenges facing MNEs? How do the determinants of national competitive advantage help explain how companies can maintain their economic competitiveness? Why would a business seeking to go international choose export-based methods in the first instance? Critically explain the importance of licensing, and joint ventures as alternative market entry strategies for multinational companies. Licensing, joint ventures and strategic alliances are becoming increasingly more important in terms of market entry strategies for multinational companies. Critically analyse each entry strategy and explain why it is becoming more popular with multinationals. Analyse the control and strategic management issues of each method. When is the Multi-national enterprise (MNE) likely to use an international joint venture strategy and when might it opt for an international strategic partnership? What are the firms control and evaluation measures? Globalisation has been instrumental in creating a common culture, especially amongst the younger generation, with tastes in consumer products and services being quite similar. Analyse if this has lead to a situation where a cultural analysis of the market is no longer required as part of the decision making process in international business. What is the link between an international businesss strategy and its human resource management policies, particularly with regard to the use of expatriate employees and their pay scale? 2 Why do many Multi National Corporations (MNCs) use global sourcing as an alternative to producing all the parts and materials in-house? What challenges is the firm likely to face when it relies on external sources to provide essential components, parts and other production inputs.

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TO BE ATTEMPTED BY STUDENT AFTER

Lecture 1

Lecture 1

Lecture 2

Lecture 2

Lecture 3

Lecture 3

Lecture 4

Lecture 4

Lecture 5

Lecture 5

Lecture 6

Lecture 6

Lecture 7

Lecture 7

Lecture 8

Lecture 8

Lecture 9

Lecture 9