International Strategic Management Test 2 Study Guide 2026 Update – Global Strategy & Key Concepts Exam Questions and Answers by [Author Name]

International Strategic Management Test 2 Study Guide – Global
International
Strategy
Strategic
and KeyManagement
Concepts.pdf
Test 2 Study Guide – Global
International
Strategy
Strategic
and KeyManagement
Concepts.pdf
Test 2 Study Guide – Global Strategy and Key Concepts.pdf




International Strategic
Management Test 2 Study
Guide – Global Strategy
and Key Concepts




InternationalGuidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Strategic Management Test 2 Study Guide – Global
International
Strategy
Strategic
and KeyManagement
Concepts.pdf
Test 2 Study Guide – Global
International
Strategy
Strategic
and KeyManagement
Concepts.pdf
Test 2 Study Guide – Global Strategy and Key Concepts.pdf

,International Strategic Management Test 2.pdf International Strategic Management Test 2.pdf International Strategic Management Test 2.pdf




How Firms Achieve Growth Build
-internal organic growth through development


Borrow
-external growth through a contract/strategic alliance


Buy
-external growth through acquiring new resources, capabilities, and
competencies


build-borrow-or-buy framework Conceptual model that aids firms in deciding whether to pursue internal
development (build), enter a contractual arrangement or strategic alliance
(borrow), or acquire new resources, capabilities, and competencies (buy).




International Strategic Management Test 2.pdf International Strategic Management Test 2.pdf International Strategic Management Test 2.pdf

,International Strategic Management Test 2.pdf International Strategic Management Test 2.pdf International Strategic Management Test 2.pdf




Main issues in the build-borrow-or-buy framework Relevancy
*how relevant are existing internal resources to solving the resource gap?


Tradability
*how tradable are the targeted resources that may be available externally?


Closeness
*how close do you need to be to your external resource partner?


Integration
*how well can you integrate the targeted firm should you determine you need
to acquire the resource partner?




International Strategic Management Test 2.pdf International Strategic Management Test 2.pdf International Strategic Management Test 2.pdf

, International Strategic Management Test 2.pdf International Strategic Management Test 2.pdf International Strategic Management Test 2.pdf




Relevance How relevant are the firm's existing internal resources to solving the resource
gap


Internal resources are relevant if...
-they are similar to those a firm needs to develop
-they are superior to those of competitors in the targeted area (VRIO)


If a firm's resources are highly relevant, develop internally


(IE: traditional newspaper goes digital if existing journalism resources are
relevant)


Tradability How tradable are the targeted resources that may be available externally?


Tradability implies that the resource can be sourced through a contract that...
-transfers ownership
OR
-allows use of the resource


Contracts and borrowing resources


(IE: licensing and franchising)


International Strategic Management Test 2.pdf International Strategic Management Test 2.pdf International Strategic Management Test 2.pdf