Exam 11: International Strategy and Organization

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

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

Decentralization can help foster participative management practices.

The main benefit of a global strategy is that it allows companies to monitor buyer preferences closely in each local market.

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

Offering the same products using the same marketing strategy in all national markets of an organization is referred to as a ________ strategy.

Beanstalk International Beanstalk International is a rapidly growing company with well-established subsidiaries in several nations.The company wants to follow a strategy of adapting its products and marketing activities in each national market to suit local preferences.This strategy aims at creating value for its customers. -Which of the following is a support activity that creates value for Beanstalk's customers?

The closing of factories with unused capacity is an example of a stability strategy.

A team of top managers from both headquarters and international subsidiaries who meet to develop solutions to company-wide problems is referred to as a ________ team.

A retrenchment strategy is designed to ________.

Core competencies of organizations are the special skills of certain employees that give a company an edge over other organizations.

Beanstalk International Beanstalk International is a rapidly growing company with well-established subsidiaries in several nations.The company wants to follow a strategy of adapting its products and marketing activities in each national market to suit local preferences.This strategy aims at creating value for its customers. -The strategy that Beanstalk would most likely want to follow is called a ________ strategy.

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

TeleToys Inc. TeleToys Inc. ,a U.S.-based company,recently opened eighteen new toy stores in Brazil,acquired a women's clothing company in Canada,and closed its men's clothing line in Australia.The company has a structure that organizes its global operations into geographic regions. -TeleToys recently opened eighteen new toy stores in Brazil.This move can best be described as a ________ strategy.

Beanstalk International Beanstalk International is a rapidly growing company with well-established subsidiaries in several nations.The company wants to follow a strategy of adapting its products and marketing activities in each national market to suit local preferences.This strategy aims at creating value for its customers. -Beanstalk managers know that the drawback of such an adaptive strategy is that it ________.

A focus strategy works best with mass-marketed products aimed at price-sensitive buyers.

Technology development is an example of a primary activity in the value chain of an organization.

Organic growth refers to an organization's corporate strategy that relies on growth ________.

The objectives at the ________ of an organization are typically more precise and contain numerical targets of performance.

Free-market economies tend to levy high taxes on business profits whereas socialist economic systems normally levy lighter taxes.