Exam 11: International Strategy and Organization

When should managers consider decentralized decision making? What benefits might emerge?

The main drawback of a multinational strategy is that it does not allow a company to ________.

Weaker competitors often resort to retrenchment when national business environments grow more competitive.

Companies involved in more than one line of business must first formulate a business-level strategy.

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. -The closing of TeleToys' Australian men's clothing store chain can best be described as a(n) ________ strategy.

A strategy in which a company exploits economies of scale to have the lowest cost structure of any competitor in its industry is called ________.

________ decision making is beneficial when fast-changing business environments put a premium on local responsiveness.

Which of these refers to a written statement of why a company exists and what it plans to accomplish?

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. -The strategy that Beanstalk would likely want to follow is called a ________ strategy.

When a corporation is involved in just one line of business, ________.

The ________ consists of all elements outside a company that can affect its performance.

Strategy is the set of planned actions managers take to help a company meet its objectives.

Firms pursuing a low-cost leadership strategy can ignore other competitive factors such as product quality and customer service to focus completely on price.

An organizational structure that organizes a company's entire global operations into countries or geographic regions is referred to as a(n) ________ structure.

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. -If TeleToys wants buyers to perceive its products as unique, it should follow which type of strategy?

Which strategy works best with mass-marketed products aimed at price-sensitive buyers?

Which of the following activities would NOT likely result from a company's analysis of its primary activities?

Differentiate between the primary and support activities that create value for a company's customers. How can managers determine whether an activity enhances customer value?

Stability is a relatively common strategy among today's corporations.

A company's stakeholders include all of the following EXCEPT ________.