Exam 11: International Strategy and Organization

A growth strategy is designed to reduce the scale or scope of a corporation's operations.

All parties ranging from suppliers and employers to consumers who are affected by a company's activities are called its stakeholders.

Corporations that reduce the scale of their operations by laying off managers and salespeople in national markets that are not generating adequate sales revenue are using a stability strategy.

How do national and international business environments influence multinational strategy formulation?

What strategy is used when Noritake compares the ceramic tableware it makes (www.noritake.com)from common tableware by emphasizing its superior quality?

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

Companies that produce entire inventories of products or components in one or very few optimal locations are most likely to follow a ________ strategy.

A company that is selling unprofitable business units is most likely following a ________ strategy.

A(n)________ structure separates domestic from international business activities by creating a separate global branch with its own manager.

Marketing and sales are examples of a support activities in the value chain of an organization.

Which of the following is considered as a support activity in an organization?

A ________ strategy is one in which a company emphasizes on serving the needs of a narrowly defined market segment by being the low-cost leader,differentiating its product,or both.

Which term refers to the major objectives that a firm wants to accomplish through pursuing a specific course of action?

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

Decentralized decision making concentrates decision making at a high organizational level in one location,such as at headquarters.

The main benefit of a multidomestic strategy is that it ________.

Which of the following statements is true of the environmental forces that affect strategy formulation?

Which of the following clarifies the organization's purpose,values,and direction?

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

A low-cost leadership strategy typically requires a company to have a large market share.