Exam 2: Environmental Contraints on Managers

The politician's promise to lower corporate taxes could affect which factor in DigiTech's external environment?

Through the creation of the EU,member countries now have ________.

________ are any constituencies in the organization's external environment that are affected by the organization's decisions and actions.

Refer to the Scenario below to answer the questions that follow. A Different View (Scenario) Jana has spent the last year travelling to different operations of her company.She visited factories in Mexico and Thailand,a finance operation in Singapore,a pearl company in Japan,and many other venues.She has now collected her thoughts about the various places she visited. -In Denmark Jana met people who marvelled about the ability of Americans to be so "bold" and flexible when it came to making decisions about the future,while the Danish tended to rely on rules when facing uncertainty.How would you characterize this trait that Americans appear to have?

Interest rates,inflation rates,and stock market indexes are all examples of what factor in an organization's general environment?

Refer to the Scenario below to answer the questions that follow. First Business Trip to Asia (Scenario) Jeff Elliott is on a flight across the Pacific and is excited about his first business trip to Asia.Born and raised in Alberta,Jeff is a manager for a rapidly growing Calgary-based company.His current mission is to scout out potential locations in Asia and develop an international expansion strategy for his company.There are many options,including maintaining the businesses head office in Canada and sending over company representatives when necessary,or developing a separate company in Asia and hiring locals to manage the business.Jeff's trip will take him to Japan,Korea,Hong Kong,Taiwan,and Thailand.He is looking forward to learning more about the business practices and customs of each country,and he is not too worried about the fact that he only speaks English.Jeff has heard that English is considered the main international business language and he anticipates that most Asians will be able to speak it. -If Jeff's company decided to open another company in Taiwan but manage it from its headquarters in Canada,it would be considered a ________.

If the components in an organization's environment change frequently,it is called a ________ environment.

Franchising is used widely by ________.

By decentralizing management authority to the local country,the transnational corporation reflects an ethnocentric attitude.

Refer to the Scenario below to answer the questions that follow. A Different View (Scenario) Jana has spent the last year travelling to different operations of her company.She visited factories in Mexico and Thailand,a finance operation in Singapore,a pearl company in Japan,and many other venues.She has now collected her thoughts about the various places she visited. -In Venezuela Jana found that people tended to show great deference toward their superiors.When meeting with one higher-up,she noticed that the local managers seemed to exhibit extremely obsequious behavior.How would you characterize this trait?

A planned economy is one in which resources are primarily owned and controlled by the private sector.

A multinational corporation (MNC)________.

In France,a culture with a high power distance,status within a corporation would largely be ________.

Name and briefly describe how the gross domestic product,price indices,and unemployment are used to reflect the health of the Canadian economy?

The WTO is a global organization that evolved from ________.

IBM is the world's largest information technology company with over 300 000 employees in 170 countries.It used to have a country-based structure,but now it is organized into industry groups to compete more effectively in the global marketplace.IBM is best described as a ________ organization.

Transnational corporations run their businesses from their home country.

Refer to the Scenario below to answer the questions that follow. The European Expansion (Scenario) As a manager at a growing Canadian company,Samantha has been asked to develop a strategy to expand the company's operations into the European market.Although the company president has provided some basic guidelines about acceptable levels of risk and investment,there are still many factors in the legal/political,economic,and cultural environments that Samantha must take into consideration in her proposal. -Samantha will recommend forming a strategic alliance with a French-based company that promises to market her company's products in several EU countries in exchange for access to her company's distribution network in Canada and the United States.This strategy will require less investment than ________.

When an organization drops its structure based on countries and reorganizes according to industries,it is pursuing a global business approach known as ________.

When researchers discovered a link between trans fatty acids and heart disease,many consumers became concerned.As a result,Ontario-based Voortman's Cookies decided to eliminate all trans fats from its products.Voortman's was responding to changing ________ conditions.