International Strategic Management

Exam 2

March 8th, 8:00 pm

Instructor: Hadi Farhangi

NOTES:

1. Open book, notes, homework, and additional exercise.

2. Internet is NOT allowed unless asked in a question.

3. Write all your answers on file with red.

4. The test is worth 125 points.

5. Cheating will result in grade 0 for the exam.

6. You are required to read and sign the Honor Code below:

I have neither given nor received aid on this examination,

nor have I concealed any violation of the Honor Code.

Name (print) _____________________________________

Student ID _______________________________________

Initials, date: ___________________________________

Q1. Find one example of institutional transition in developed countries. Discuss its effects on corporate strategies.

Q.2. Discuss uncertainty in the following markets:

(i) Food industry in a country with severe social instabilities similar to Afghanistan and Pakistan.

(ii) Electricity industry in a country with severe social instabilities similar to Afghanistan and Pakistan.

Q3. Discuss the cost and benefits of the formal relationship-based exchange in one hand and informal relationship-based exchange in another hand.

Q4. In the following table, in few words describe the behavior for every institutional response. Also, comment on the Social Media responses to the on-going critiques, i.e. what type of response did they provide? Elaborate in few sentences (2 point).

Q5. Find one example of institutions transition in developed countries?

Q6. Discuss at least 4 International strategies for staying in domestic market.

Q7. How do we select a market for entering? (Matching strategic goals with locations)

Q8. What are the advantages of the first-mover and late mover?