Exam 11: International Strategy and Organization

Which of these strategies is one in which a company designs its products to be perceived by buyers as unique throughout its industry?

A ________ strategy can cause a company to overlook important differences in buyer preferences from one market to another.

The ________ structure is best suited to companies that treat each national or regional market as unique.

Value chain analysis divides a company's activities into forward activities and backward activities.

Decentralized decision making disperses decisions to lower organizational levels, such as to international subsidiaries.

Scenario: Beanstalk International Beanstalk International is rapidly growing. The company wants to follow a strategy of adapting its products and marketing in each national market to suit local preferences. Beanstalk is intent on creating value for its customers. -Which of these would be considered a support activity in creating value for its customers?

The key to developing an effective business-level strategy is to ________.

All of the following are part of stage three of the strategy formulation process EXCEPT ________.

Scenario: TeleToys International TeleToys International, a U.S.-based company, recently opened 18 toy stores in Brazil, acquired a women's clothing store company in Canada, and closed its men's clothing store chain in Australia. The company has a structure that organizes its global operations into geographic regions. -TeleToys can create the perception of unique products by using which of these criteria?

________ are all parties who are affected by a company's activities.

During the second stage of the strategy formulation process, a company does all of the following EXCEPT analyze ________.

A core competency is a company skill that competitors can easily imitate.

A multinational strategy entails having a separate strategy for each nation in which a company markets its products.

To be the largest global company in each industry in which we compete is an example of a business-unit objective.

Companies involved in more than one line of business must first formulate a(n) ________ strategy.

A team in which employees from a single department take on responsibilities of their former supervisors is called a ________ team.

The process of dividing a company's activities into primary and support activities and identifying those that create value for customers is referred to as ________.

A main goal of the matrix structure is to bring together geographic and product area managers in joint decision making.

Companies following a global strategy often take advantage of scale and location economies by producing entire inventories of products or components in a single, optimal location.