Charlie Is a Strategist Who Wants to Decide on the Appropriate

question 16

Multiple Choice

Charlie is a strategist who wants to decide on the appropriate strategy to help his firm "go global." Which of the following should Charlie consider while choosing his strategy?

• A) He must be aware of the fact that despite globalization and the emergence of the Internet, firm geographic location has actually maintained its importance.
• B) He should rely on his firm's business-level strategy as a clue to possible strategies pursued globally.
• C) He should remember that he has only one framework at his disposal to make global strategy decisions.
• D) He must remember that higher levels of control and a lower likelihood of any loss in reputation go along with less investment-intensive foreign entry modes.

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Definitions:

Strategy Map

A visual tool that illustrates a company's strategic objectives and the causal relationships between different elements of its strategy.

Balanced Scorecard

A strategic planning and management system used by organizations to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

BSC Performance Perspectives

Four dimensions used in the Balanced Scorecard framework for strategic management, including financial, customer, internal processes, and learning and growth perspectives.

Leading Indicator

An economic factor that changes before the economy begins to follow a particular pattern or trend.