Exam 6: Managing in the Global Environment

Briefly discuss the factors that led to the decline of distance and cultural barriers and the impact this had upon companies operating in the global environment.

What is the global environment? Briefly explain its impact on managers and their organizations.

_____ are beliefs about what a society considers to be good, right, desirable, or beautiful.

What benefits does the global environment offer organizations?

A decline in the number of young people joining the workforce and an increase in the number of active employees who are postponing retirement are examples of _____ forces in the general environment.

Dolphin's Diner, a famous seafood chain, has opened its newest restaurant in a small town. It soon finds that the only customers it attracts are tourists, because the locals prefer to go to The Clam Café-an older but more expensive restaurant. The Clam Café enjoys significant _____.

The quality of managers' understanding of forces in the global environment and their ability to respond appropriately to those forces are critical factors affecting organizational performance.

Companies that provide other organizations with input resources are known as _____.

Lobo belongs to a society which values the subordination of the individual to the group and discourages individual expressions of thought. Inequality in the power and well-being of people is believed to be due to differences in their physical and intellectual capabilities, and heritage. According to Hofstede's model of national culture, his society is:

The basic building blocks of national culture are:

The aim of import tariffs is to encourage the entry of foreign goods into a country's market.

The outcomes of the changes in the laws and regulations of a society are known as _____.

Which of the following is an example of a more?

_____ are norms that are considered to be of central importance to the functioning of society and to social life, the violation of which brings serious retribution.

Organizations with culturally homogeneous management teams are best equipped to tailor their management systems to meet the requirements of different cultures.

According to Hofstede, which of the following is true of countries with a long-term orientation?

The global environment is a set of forces and conditions in the world outside an organization's boundary that affect how it operates and shape its behavior.

Falling trade barriers pose a serious threat to the nation's domestic market because they increase competition in the task environment.

Tariffs are taxes that governments impose on goods in the domestic market that are only circulated within the nation.

_____ are unwritten, informal codes of conduct that shape the behavior of people toward one another and are held important by most members of society.