June 14, 2013
Mini Case: Ownership of Companies and Brands
Which of the following companies or brands are owned by companies headquartered outside of
the United States? Who are the owners and which countries are the
Question 6, Page 250
What are the main strengths and weaknesses of each of the competitive strategies: home
replication, multi-domestic, regional, global, and transnational? Under what circumstances
might each strategy be more or less appropriate?
Some evidence suggests that pioneers gain and maintain a competitive advantage in new markets.
Research shows that surviving pioneers hold a smaller average market share when their industries reach
maturity than firms that
International companies need a new kind of leader for the international environment due to increased
There are more global leaders than there is demand for them.
A global mindset is built on a tho
The effectiveness of every organization depends, to a great extent, on how well its human resources are
The effectiveness of every organization is totally controlled by the effectiveness of its workforce.
Market screening is a modified version of environmental scanning in which the firm studies the stock
market to eliminate the less desirable markets.
By conducting environmental scanning, a firm monitors the natural resourc
According to the text, Zara's strategy of speed and flexibility has enabled the company to eliminate
According to the text, Zara's strategy focuses on continual renewal of its clothing lines.
Sometimes there are almost no differences between marketing domestically and marketing
internationally. At other times these differences are great.
The basic functions of domestic and international marketing are the same.
Week 3 Article Summary
KFC, a large multinational corporation based out of Louisville, Kentucky, currently
operates more than 18,000 restaurants in 115 countries (KFC.com). Of these restaurants, over
3,300 are located in China, and, on av
Question #6, Page 88: Mercosurs main trading partner is with the EU rather than the United
States. Why might this be the case?
Response to Rick Bonnettes post.
I agree with Ricks key point that the EU has been more supportive, both financially and
10. Identify and define the 5 facets of the strategy diamond.
The 5 facets of the strategy diamond are:
Arenas- areas in which a firm will be active (Carpenter & Dunung, 2013).
Differentiators- features and attributes of a companys product or service
Question 9, Page 200: Can product liability be criminal? If so, in what sorts of situation would
product liability become criminal behavior?
Response to Katie Shelby
I agree with Katies answer that product liability can, in fact, be criminal. If a product
Question 2, Page 176
What options does a company have for helping to prevent terrorism or to better manage terrorist
actions if they occur?
Terrorism is defined as unlawful acts of violence committed for a wide variety of
reasons including for ransom, to
pg.276 #1.Why is organizational structure an important issue for international companies?
An Organizational structure is important for all firms. It is important to set up lines of authority and
communication so that jobs can be done as efficiently as pos
Pg 317 #1.) Select a country and a product that you believe your firm can market there. Make a list of
the sources of information you will use for each screening.
Filtered straws for drinking clean water in a third world country.
According to water.org 75
Page 361 Q. 1.) In exporting, to what point does the seller pay transportation and delivery costs?
Where does the responsibility for loss or damage (Risk) pass to the buyer? Use Incoterms in your
EXW all transportation and delivery costs go to t
Reaction Post Discussion 8 Chapter 16: Question 7, PG 420 by Christina Bauer
What is the benefit to a buyer company and to a vendor company of standards such as ISO 9000?
The benefit to a buyer company or a vendor company having ISO 9000 standards are tha
My Answers/Actual Answers:
1. A, C
2. B, C, D, A, B, C, D, E
3. B, B
4. A, B, B
5. C, C
6. A, A
7. A, D, E, A, D, E
8. A2, B1, C3, A2, B3, C1
9. A, A
10. B, C, B, C
Response to answers by question:
1. I am not very familiar with Middle East
St. Charles Ranch
Classified Balance Sheet
December 31, 2015
Less: Allowance for Doubtful Accounts
Inventory: Poultry Feed
Income Tax Refund Claim
Total Current Assets:
Allowance for Bad Debts
Long Term Investments
Capital Stock, $5 Par
Retained Earnings, December 31, 2014
Week 2 Article Summary
McDonalds is a large multinational corporation with more than 36,000 restaurants located
in over 100 countries that serves 69 million customers each day (McDonalds.com). Despite its
Question 9, Page 225
Your Munich-based company earns 64% of its revenues from high precision auto component
exports to the United States. You need to expand manufacturing and capacity, and the U.S.
market has great growth potential for your product. Given
1.) Briefly outline the advantages and disadvantages of the gold system.
The gold standard by definition in our text is the use of gold at an established number of units per
currency (Ball 205).
The advantages are that the scarcity and ease in assessing t
Professor Kevin Plachy
International Business 338
23 June 2013
Wal-Mart Goes International
Thesis: Wal-Mart believed that customers were all alike across the world so Sam Walton
attempted to enter markets in foreign countries.
Summary 1 : Response Week 8
The paper has some grammatical errors which cause some problems with flow. It is a
little choppy with its information, not clearly leading to each thought the author had.
I do agree with the authors stance that McDonalds is an
The purpose of all accounting is to provide internal and external decision makers with the financial data
they need to make their decisions.
There are three points at which operating in a foreign currency raises accounting
Companies decide to export to increase their sales and profits or to protect them from being eroded.
The first step in finding a foreign market for a product is to determine whether a market exists for a firm's
A company's organizational structure helps to determine where formal power and authority will be
located within the organization.
Organizational change refers to the way that an organization formally arranges its various d
July 21, 2013
Managing at a Distance
According to Business Week, Managing at a Distance can be very challenging half of the
time since there is barely face to face communication. Although in todays society face-to-face
2.Define GATT. Why was it created? When was it created? How many countries were involved when
GATT was created?
The General Agreement on Tariffs and Trade (GATT) is a series of rules governing trade (Carpenter &
Dunung,2013). The principle of GATT was tha
12. Define: security, bond, and stocks.
Security- A financial instrument that represents an ownership position in a publicly- traded
corporation (stock), a creditor relationship with governmental body (bond), or rights to
ownership as representation by op
11. What are three steps to keep in mind if you are evaluating a business opportunity in a culture or
country that is new to you?
Three steps to keep in mind when you are evaluating a business opportunity in a culture or
country that is new to you are the