Flashcards in Exam 2 - Chapters 6-9 Deck (50):
Collaborating with other countries in trade raises the ___ of ___.
Standards of living
An organization's ______ includes growth of developing nations.
China is on its way to becoming the _____ and _____ of the world's goods.
Producer ; consumer
When identifying the best strategy for competing in a global marketplace, it is helpful to plot a company's position on an _____-_____ grid.
In the integration-responsiveness grid the vertical axis measures pressures for _____ ____.
In the integration-responsiveness grid, the horizontal axis measures pressures for ____ ____.
An advantage of the _____ model is it facilitates the transfer of skills from the parent company to its subsidiaries.
An advantage of a ____ model is subsidiaries can customize products according to local preferences.
The _____ model involves fostering communication among subsidiaries to permit transfer of skills.
The _____ _____ mode is used by most manufacturing companies to begin global expansion.
An advantage of _____ as a method of entering global competition is that the licensee bears most of the costs and risks associated.
A major disadvantage of operating a _____ _____ _____ is the high cost and risk associated with this type of operation.
Wholly owned subsidiary
_____ is the core value most people embrace despite differences across cultures, and regardless of nationality or religion.
According to many entrepreneurs and observers, when creating a new business, one should start with _____ _____.
When spotting an opportunity, know that _____ and _____ changes may involve capitalizing on new clothing and music trends, the desire for fast food, and growing interest in sports.
lifestyle and taste
Quad INC., a car manufacturer, spotted opportunities in the economic _____ category when they started to sell electric cars in response to the rising fuel prices.
Dr. Gerry began helping women in South Rhodia obtain microloans. This act is a typical example of _____ _____.
_____ and _____ are characteristics successful entrepreneurs who are decisive, tenacious, disciplined, and willing to sacrifice possess.
Commitment and determination
_____ _____ increases the liklihood of an entrepreneur's success.
A product that represents a novel idea requiring little financial investment would be displayed in the upper-left quadrant of the _____ _____ _____.
Entrepreneurial strategy matrix
Bad economic times can offer more opportunities to _____.
One of the major liabilities of start-ups is _____.
Benefits of _____ _____ include access to shared services.
In order for family-managed businesses to survive and prosper, management guru, Peter Drucker, advises them to fill at least one "_____" position with a non-family member.
While building support for one's idea, getting together people who will offer support before formal approval from higher levels is known as _____ _____.
Successfully fostering and managing intrapreneurship involves rewarding risk taking. This is known as _____.
The reporting structure and division of labor in an organization is called _____ _____.
Lawrence & Lorsch found that highly differentiated firms were successful if they had high levels on integration. This is called _____.
The _____ is responsible for selecting the CEO.
The _____ elect the corporation's board of directors.
_____ _____ hire outside directors to provide different information and perspectives to prevent big mistakes.
Tall & Flat: A wide span of control creates a _____ organization.
A _____ _____ belongs to the middle managerial level.
_____ _____ deal with the organization's primary goods and services.
The _____ department is an example of a line department.
An organization composed of dual reporting relationships in which some managers report to two superiors - a functional manager and a divisional manager - is known as what kind of organization?
The additional time that is required for meetings and coordination is a(n) advantage/disadvantage to the matrix design.
A specific technique used to reduce the need for information is to create _____-_____ _____.
The formal structure of an organization is primarily put in place to control _____, _____, and _____.
People, decisions, and actions.
Structurally, a _____-_____ organization is usually flat, decentralized, and build around a customer, good, or service.
Larger size helps develop _____ _____ _____.
Economies of scope
Economies in which materials and processes employed in one product can be used to make other related products are called:
Economies of scope
_____ is the planned elimination of positions or jobs.
Striving for long-term improvement rather than short-term profit, regardless of the economic environment when in the context of Deming's 14 points of quality, this is an example of creating _____ _____ _____.
Constany of purpose.
(TQM. - Total Quality Management)
Eliminating _____ and _____ is also one of W. Edwards Deming's 14 points of quality.
Slogans and buzzwords
(TQM - Total Quality Management)
Another point from Deming's 14 points theory is that the company can use its institute _____ and _____.
Training and retraining
(TQM - Total Quality Management)
A small office with only a physician, a nurse, and a book keeper is an example of a job shop is called a _____ _____.
Having relatively shorter production runs is a characteristic of _____ _____.
Problems with _____ is most likely to result in products going out of stock and consumers choosing alternatives.