Exam 11: International Strategy and Organization

A(n) ________ is one composed of employees who work at similar levels in different functional departments.

Developing an effective strategy requires a company to undertake an analysis of its own capabilities and strengths.

________ is the set of planned actions taken by managers to help a company meet its objectives.

A(n) ________ strategy is designed to increase the scale or scope of a corporation's operations.

________ teams help reduce waste in the production process.

Offering the same products using the same marketing strategy in all national markets refers to a ________ strategy.

When analyzing primary activities, managers often look for areas in which the company can increase the value provided to customers.

A company's external environment includes which of the following variables?

All parties affected by a company's activities are called ________.

Which of these is the process of identifying and selecting an organization's objectives and deciding how the organization will achieve those objectives?

All the following are true regarding core competencies EXCEPT that they are ________.

The purpose of a(n) ________ strategy is to mix growth, retrenchment, and stability strategies across a corporation's business units.

The main problem with a multinational strategy is that it may cause a company to overlook important differences in buyer preferences from one market to another.

Which of these is a support activity in a firm's value chain?

A(n) ________ is an organizational structure that organizes a company's entire global operations into countries or geographic regions.

An organizational structure that splits the chain of command between product and area divisions is referred to as a(n) ________ structure.

Inbound and outbound logistics are considered ________.

A market segment is a clearly identifiable group of potential buyers.

The main drawback of a multinational strategy is that it does not allow companies to exploit scale economies in product development, manufacturing, or marketing.

The main benefit of a global strategy is that it allows a company to ________.