Exam 3: Integrative Managerial Issues

Global supply chains are similar to biological systems in being resilient and resistant to change but surprisingly vulnerable at the same time.

In his study of differences in cultural environments, Geert Hofstede found that ________.

Caterpillar is forced to have flexible work times because it deals with suppliers or customers who may be 8 to 10 time zones away.

One of the reasons the public believes business leaders are more unethical is the attention it receives in the press.

Which of the following is LEAST likely to be viewed by a company as an advantage of stressing sustainability?

The board of directors of the Four Forks Generating Corporation is meeting to consider the construction of a new electrical generation facility near the Four Forks River. Director Appleton prefers a coal-burning plant because it promises to be the most profitable alternative. Over the short term at least, a coal plant will be by far the least expensive facility to build and operate. Coal is cheap and the considerable pollution from the plant won't affect anything within hundreds of miles from the plant. Director Estrella wants a nuclear plant to be located 30 miles upriver from the biggest city in the area. Nuclear power is cleaner than coal. Completely safeguarding the community against accidents in the plant or the disposal of toxic waste could be very expensive. However, Estrella has discovered that the job can be done much more cheaply by cutting some corners–while still strictly following all laws–and creating some additional risk for the community. Director Jossleman supports the most expensive option of the three–she wants a wind farm to be built along the banks of the river on top of a ridge. The wind turbines produce absolutely no pollution and pose no threat to the community or the environment. They are expensive to build and to operate at the current time because they require elaborate back-up systems to function when the wind isn't blowing. -Director Appleton exhibits which of the following social responsibility views?

Social responsiveness refers to the capacity of a firm to ________.

A company that meets its social obligation ________.

Those arguing against being socially responsible might make the claim that costs for social goals are ultimately ________.

Status in France within a corporation is largely ________.

A fully global organization might set up a ________ with a foreign company to create a new, independent company that produces a specific product.

The reality is that managers are more unethical than in the past.

Who was most likely to have a job that was free of discrimination?

________ is a cultural dimension measured by Hofstede in which people identify strongly with a group within a society.

As long as it has broken no laws and done nothing unethical, a business has fulfilled its responsibility to society.

Jana has spent the last year traveling to different operations for her company. She visited factories in Mexico and Thailand, a finance operation in Singapore, a pearl company in Japan, and many other venues. She now has collected her thoughts about the various places she visited. -In Greece Jana visited a pharmaceutical operation.She found that managers there were charming but not at all shy.If they thought they were right they tended to be aggressive and confrontational.How would you characterize this trait?

When a U.S.ship yard purchases raw materials from locations around the world, for example steel from China, this is called ________.

In a short essay, discuss the value of Hofstede's values study to managers.

A Coca-Cola bottling plant in Bolivia is wholly owned by a local businessperson.What kind of venture is this plant likely to be?

As a business expansion director, Shana's goal is to scout potential locations for her company's planned expansion to other countries. There are many options, some of which include maintaining the business's head office in the United States. Other options send company representatives to foreign operations when necessary, or establishing separate operation facilities abroad and hiring locals as managers. -If Shana's company decides to open operations in France but maintain company management in the United States, it would be considered a ________.