Exam 10: The Organization of Global Business

The formal system of task and authority relationships that control how people coordinate their actions and use resources to achieve organizational goals is referred to as the _______.

A(n)______ is a tool that people use to coordinate their actions to obtain something they seek or value.

According to the text, ConocoPhillips placed their ethics office in which part of the organization structure?

The organizational structure that results from combining functional and divisional structures is called a geographic region structure.

An international division is advantageous because it allows global businesses to concentrate all international efforts and expertise in one location.

Are export departments important for global businesses? How do they differ from international divisions? Explain.

______ structures are used only by companies that depend upon rapid product development for their survival.

The geographic region structure is sometimes referred to as _________ structure.

Scenario - Mirkhani Mining Supplies Mirkhani Mining Supplies is the industry leader in the production of underground mining equipment.  The company has its headquarters in South Africa and has been in operation there since its inception in 1987.  Mirkhani is known worldwide for the safety features it incorporates in its equipment.  This company conducts its operations with the safety of the underground miner as its guiding objective.  Mirkhani Mining was recently called in to respond to the latest mine accident in China.  Mirkhani not only provides safe mining equipment, it also makes superior mine rescue equipment.  The company will be receiving a global award for freely rendering the use of its rescue equipment to China during a mine collapse.  Mirkhani Mining Supplies will be recognized around the globe as saving the lives of forty underground miners in China.  The company states, "Saving those lives is better than receiving a billion dollars for mining machinery." As the growth of Mirkhani Mining Supplies has taken place, which one of the following is least likely to be a step it has taken in its international advancement?  

A market structure is also called area structure.

A(n)_______ is a new phase in the evolution of the multinational corporation, where work is sourced wherever it is most efficient and the corporation transcends nationality altogether.

An area structure is one where an organization:

Under a matrix structure, the functional managers and the divisional managers have equal authority within the organization.

A(n)______ is a business subunit that consists of a collection of functions or departments that share responsibility for producing a particular product or service.

A(n)________ refers to one type of organizational structure in which functions are grouped together to serve the needs of products, markets, or geographical regions.

Some companies are global and so well integrated into the countries where they have a presence, that it is difficult, if not impossible, to identify one country as the home country for these corporations. such companies are called _____.

Which of the following structure type best identifies the structure Mirkhani Mining Supplies would be using if it grouped its products and services into separate divisions based on the needs of different areas served by the company?  

Differentiate between functional and divisional organizational structures. Provide an example of each.

In the final stage of globalization, global companies produce goods in one country and export them to other countries.

The initial step toward globalization is ______.