Exam 9: Control of Global Business

Organizations that have basic strategic implementations involving extending their success through global expansions and finding new market opportunities are called _____.

A ________ is a written statement of why a company exists and what it plans to accomplish.

"In everything we do, we're driven by a common mission: saving people money so they can live better." This is an example of Wal-Mart's _____.

The stakeholder model of strategy formulation believes businesses exist to benefit not just their shareholders, but also all the various groups that have a meaningful stake in their operations. Such groups, for example, might include a company's employees, customers, and the community where it operates.

Organizations that have a basic strategic implementation involveing extending their success through global expansion, and finding new market opportunities are referred to as _______.

"To inspire and nurture the human spirit - one person, one cup, one neighborhood at a time." This is an example of Starbucks's _____.

_______ are very short-term (less than one year)plans formulated for implementing strategic goals.

In a United States banking law called the Community Development Act (CDA), all banks in the U.S. receive annual grades ("excellent," "satisfactory," or "unsatisfactory")from federal banking regulators based on their community reinvestment and CSR activities.

Companies that are _____ take a middle ground between being prospectors and defenders.

CEOs who rise internally within the company, but who have followed a non-traditional path to the executive suite, (for example, the former CEO of General Electric Corporation, Jack Welch)are referred to as "outsiders-insiders".

In _______ strategy, global businesses define their overall goals.

The plan for ABC International to build and open a textile manufacturing plant in China within the next two-and-one-half years would be an example of an operational plan.

ABC Manufacturing focuses on implementing a basic market strategy of concentrating upon existing operations and protecting their home turf. ABC can be described as a _____.

Rules that all employees in the organization must fly coach when they travel on commercial airlines or a rule that employees can spend no more than $50 per person for a business-related company-reimbursed dinner are examples of interpersonal controls.

Smithfield Foods Company, the world's largest pork-producer, has set the clear organizational goal of getting $0.10 profit for each of its processed pork products that is sold. Which of the following output controls and measurement is Smithfield Foods Company using?

Identify and briefly describe the impediments to the coordination of strategy implementation for global businesses.

_________ are organizations that take a middle ground between being prospectors and defenders.

Knowledge that is codifiable and easy to communicate or write down is called _____ knowledge.

________ refers to the ability of organizations to recognize, assimilate and apply new knowledge.

Smithfield Foods Company, the world's largest pork producer, has set the clear organizational goal of getting $0.10 profit for each pound of its processed pork products (like Armour smoked bacon)that is sold. This is an example output controls and measurements.