Solution Manual for Global Business
5th Edition
by Peng Mike. Complete Chapters 1 - 17
1 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
,TABLE OF CONTENTS
1. Chapter 1: Introduction
2. Chapter 2: Formal Institutions: Politics, Laws, and Economics
3. Chapter 3: Informal Institutions: Cultures, Ethics, and Norms
4. Chapter 4: Resources and Capabilities
5. Chapter 5: International Trade
6. Chapter 6: Foreign Direct Investment
7. Chapter 7: Foreign Exchange
8. Chapter 8: Global and Regional Integration
9. Chapter 9: The Entrepreneurial Firm
10. Chapter 10: Foreign Market Entry
11. Chapter 11: Global Competitive Dynamics
12. Chapter 12: Alliances and Acquisitions
13. Chapter 13: Strategy, Structure, and Innovation in Multinationals
14. Chapter 14: Marketing and Supply Chain Management
15. Chapter 15: Human Resource Management
16. Chapter 16: Corporate Finance and Governance
Chapter 17: Corporate Social Responsibility
2 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
,Chapter 1
Table of Contents
Purpose and Perspective of the Chapter ................................................................................................................ 2
Cengage Supplements................................................................................................................................................... 2
Chapter Objectives .......................................................................................................................................................... 2
Complete List of Chapter Activities and Assessments ....................................................................................... 3
What's New in This Chapter ........................................................................................................................................ 3
Opening Case Discussion: Emerging Markets—Apple, America, and China ............................................. 3
Chapter Outline ................................................................................................................................................................ 4
End-of-Chapter Guide ................................................................................................................................................... 9
Review Questions ........................................................................................................................................................ 9
Critical Discussion Questions................................................................................................................................ 11
Global Action .............................................................................................................................................................. 12
Closing Case: Emerging Markets—Are US Multinationals Good for America? .................................. 12
Appendix...........................................................................................................................................................................14
Generic Rubrics .......................................................................................................................................................... 14
Standard Writing Rubric ......................................................................................................................................... 14
Standard Discussion Rubric................................................................................................................................... 14
3 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
, Purpose and Perspective of the Chapter
J J J J J
TheJpurposeJofJthisJchapterJisJtoJexploreJtheJconceptsJofJinternationalJandJglobalJbusiness.JFirst,JweJ
discussJtheJimportanceJofJstudyingJglobalJbusiness.JThen,JweJdevelopJtheJunifiedJframeworkJusedJi
nJeachJchapter,JwhichJfocusesJlearningJonJoneJfundamentalJquestionJandJtwoJcoreJperspectives—
anJinstitution-basedJviewJandJaJresource-
basedJview.JNext,JweJexploreJtheJconceptsJofJglobalization,Jsemiglobalization,JandJriskJmanageme
nt.JAsJaJbackdropJforJtheJremainderJofJtheJtext,JtheJGlobalJBusinessJandJGlobalizationJatJaJCrossroad
sJsectionJmakesJtwoJpoints:JFirst,JaJbasicJunderstandingJofJtheJglobalJeconomyJisJnecessary.JSecond
,JitJisJimportantJtoJcriticallyJexamineJyourJownJpersonalJviewsJandJbiasesJregardingJglobalization.JA
dditionally,JweJoutlineJthreeJleadingJdebatesJconcerningJbusinessJandJglobalization/deglobalizati
on.JFinally,JweJexploreJtheJbroadJimplicationsJforJsavvyJmanagersJandJstudentsJforJtheJfutureJofJglo
balJbusinessJinJaJlessJglobalJworld.
Cengage Supplements J
TheJfollowingJproduct-
levelJsupplementsJprovideJadditionalJinformationJthatJmayJhelpJyouJinJpreparingJyourJcourse.JTheyJar
eJavailableJinJtheJInstructorJResourceJCenter.
• TransitionJGuideJ(providesJinformationJaboutJwhat’sJnewJfromJeditionJtoJedition)
• Educator’sJGuideJ(describesJassetsJinJtheJplatformJwithJaJdetailedJbreakdownJofJact
ivitiesJbyJchapterJwithJseatJtime)
• PowerPointJ(providesJtext-basedJlecturesJandJpresentations)
• TestJBankJ(containsJassessmentJquestionsJandJproblems)
• GuideJtoJTeachingJOnlineJ(providesJinformationJaboutJtheJkeyJassetsJwithinJtheJproductJan
dJhowJtoJimplement/facilitateJuseJofJtheJassetsJinJsynchronousJandJasynchronousJteaching
Jenvironments)
• AcceleratedJCourseJSyllabusJ(providesJguidanceJonJtheJrecommendedJdeliveryJofJcourseJm
aterialsJgivenJaJ5-week,J8-week,J12-week,JandJ16-weekJcourse)
• MindTapJUserJGuideJ(providesJinformationJonJhowJtoJnavigateJandJuseJMindTap)
Chapter Objectives
J
TheJfollowingJobjectivesJareJaddressedJinJthisJchapter:
1-1 ExplainJtheJconceptsJofJinternationalJbusinessJandJglobalJbusiness.J1-
2 GiveJthreeJreasonsJwhyJitJisJimportantJtoJstudyJglobalJbusiness.
1-3 ArticulateJoneJfundamentalJquestionJandJtwoJcoreJperspectivesJinJtheJstudyJofJglobalJbu
siness.
1-4 DescribeJtheJimportanceJofJglobalization,Jsemiglobalization,JandJriskJmanagement.
1-5 StateJtheJsizeJofJtheJglobalJeconomyJandJitsJbroadJtrendsJandJunderstandJyourJlikelyJbia
sJinJtheJglobalizationJdebate.
1-6 ParticipateJinJthreeJleadingJdebatesJconcerningJglobalJbusiness.J1
-7 DrawJimplicationsJforJaction.
4 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
5th Edition
by Peng Mike. Complete Chapters 1 - 17
1 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
,TABLE OF CONTENTS
1. Chapter 1: Introduction
2. Chapter 2: Formal Institutions: Politics, Laws, and Economics
3. Chapter 3: Informal Institutions: Cultures, Ethics, and Norms
4. Chapter 4: Resources and Capabilities
5. Chapter 5: International Trade
6. Chapter 6: Foreign Direct Investment
7. Chapter 7: Foreign Exchange
8. Chapter 8: Global and Regional Integration
9. Chapter 9: The Entrepreneurial Firm
10. Chapter 10: Foreign Market Entry
11. Chapter 11: Global Competitive Dynamics
12. Chapter 12: Alliances and Acquisitions
13. Chapter 13: Strategy, Structure, and Innovation in Multinationals
14. Chapter 14: Marketing and Supply Chain Management
15. Chapter 15: Human Resource Management
16. Chapter 16: Corporate Finance and Governance
Chapter 17: Corporate Social Responsibility
2 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
,Chapter 1
Table of Contents
Purpose and Perspective of the Chapter ................................................................................................................ 2
Cengage Supplements................................................................................................................................................... 2
Chapter Objectives .......................................................................................................................................................... 2
Complete List of Chapter Activities and Assessments ....................................................................................... 3
What's New in This Chapter ........................................................................................................................................ 3
Opening Case Discussion: Emerging Markets—Apple, America, and China ............................................. 3
Chapter Outline ................................................................................................................................................................ 4
End-of-Chapter Guide ................................................................................................................................................... 9
Review Questions ........................................................................................................................................................ 9
Critical Discussion Questions................................................................................................................................ 11
Global Action .............................................................................................................................................................. 12
Closing Case: Emerging Markets—Are US Multinationals Good for America? .................................. 12
Appendix...........................................................................................................................................................................14
Generic Rubrics .......................................................................................................................................................... 14
Standard Writing Rubric ......................................................................................................................................... 14
Standard Discussion Rubric................................................................................................................................... 14
3 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
, Purpose and Perspective of the Chapter
J J J J J
TheJpurposeJofJthisJchapterJisJtoJexploreJtheJconceptsJofJinternationalJandJglobalJbusiness.JFirst,JweJ
discussJtheJimportanceJofJstudyingJglobalJbusiness.JThen,JweJdevelopJtheJunifiedJframeworkJusedJi
nJeachJchapter,JwhichJfocusesJlearningJonJoneJfundamentalJquestionJandJtwoJcoreJperspectives—
anJinstitution-basedJviewJandJaJresource-
basedJview.JNext,JweJexploreJtheJconceptsJofJglobalization,Jsemiglobalization,JandJriskJmanageme
nt.JAsJaJbackdropJforJtheJremainderJofJtheJtext,JtheJGlobalJBusinessJandJGlobalizationJatJaJCrossroad
sJsectionJmakesJtwoJpoints:JFirst,JaJbasicJunderstandingJofJtheJglobalJeconomyJisJnecessary.JSecond
,JitJisJimportantJtoJcriticallyJexamineJyourJownJpersonalJviewsJandJbiasesJregardingJglobalization.JA
dditionally,JweJoutlineJthreeJleadingJdebatesJconcerningJbusinessJandJglobalization/deglobalizati
on.JFinally,JweJexploreJtheJbroadJimplicationsJforJsavvyJmanagersJandJstudentsJforJtheJfutureJofJglo
balJbusinessJinJaJlessJglobalJworld.
Cengage Supplements J
TheJfollowingJproduct-
levelJsupplementsJprovideJadditionalJinformationJthatJmayJhelpJyouJinJpreparingJyourJcourse.JTheyJar
eJavailableJinJtheJInstructorJResourceJCenter.
• TransitionJGuideJ(providesJinformationJaboutJwhat’sJnewJfromJeditionJtoJedition)
• Educator’sJGuideJ(describesJassetsJinJtheJplatformJwithJaJdetailedJbreakdownJofJact
ivitiesJbyJchapterJwithJseatJtime)
• PowerPointJ(providesJtext-basedJlecturesJandJpresentations)
• TestJBankJ(containsJassessmentJquestionsJandJproblems)
• GuideJtoJTeachingJOnlineJ(providesJinformationJaboutJtheJkeyJassetsJwithinJtheJproductJan
dJhowJtoJimplement/facilitateJuseJofJtheJassetsJinJsynchronousJandJasynchronousJteaching
Jenvironments)
• AcceleratedJCourseJSyllabusJ(providesJguidanceJonJtheJrecommendedJdeliveryJofJcourseJm
aterialsJgivenJaJ5-week,J8-week,J12-week,JandJ16-weekJcourse)
• MindTapJUserJGuideJ(providesJinformationJonJhowJtoJnavigateJandJuseJMindTap)
Chapter Objectives
J
TheJfollowingJobjectivesJareJaddressedJinJthisJchapter:
1-1 ExplainJtheJconceptsJofJinternationalJbusinessJandJglobalJbusiness.J1-
2 GiveJthreeJreasonsJwhyJitJisJimportantJtoJstudyJglobalJbusiness.
1-3 ArticulateJoneJfundamentalJquestionJandJtwoJcoreJperspectivesJinJtheJstudyJofJglobalJbu
siness.
1-4 DescribeJtheJimportanceJofJglobalization,Jsemiglobalization,JandJriskJmanagement.
1-5 StateJtheJsizeJofJtheJglobalJeconomyJandJitsJbroadJtrendsJandJunderstandJyourJlikelyJbia
sJinJtheJglobalizationJdebate.
1-6 ParticipateJinJthreeJleadingJdebatesJconcerningJglobalJbusiness.J1
-7 DrawJimplicationsJforJaction.
4 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
