Exam 2: Environmental Contraints on Managers

Only when a country's legal/political environment is unstable or revolutionary is it of concern to managers.

Refer to the Scenario below to answer the questions that follow. The External Environment (Scenario) DigiTech Corporation is a manufacturer of handheld language translation devices.There are many forces in the external environment that influence DigiTech,and its managers are monitoring them closely.One factor is the upcoming federal election.If elected,the leading political candidate has promised to cut corporate taxes to help stimulate the economy.Another factor is the emergence of new competitors with products similar to DigiTech's best-selling model: the Speak-Easy.Advances in the processing speed of computer chips have shortened product development cycles and made it easier for new companies to enter the market.Unfortunately,the recent increase in competition has led to supplier shortages of key components like microphones and micro-speakers,and left DigiTech scrambling to find new sources! -The external environment of DigiTech consists of the specific environment,________.

People in a society that is high in uncertainty avoidance don't feel threatened by uncertainty and experience low levels of anxiety,stress,and aggressiveness.

Shareholders are defined as any constituency in the organization's external environment that may be affected by the organization's decisions and actions.

Shana is considering forming a partnership with a Dutch corporation that will create an entirely new company called Half Moon.What kind of enterprise will Half Moon be?

XYZ is an international corporation that has recently changed its philosophy.It has decentralized management and decision making to the local countries in which it operates.XYZ is pursuing a ________ approach.

If Jeff's company decides to open completely new operations in Thailand,Japan,and Korea,and decides to decentralize management and decision making to the local countries,it would be following a ________ approach.

When organizations go global,they often start by simply exporting products to one or more foreign countries.

Identify the factors in the specific,general,and global environments that can influence an organization.

The World Trade Organization was formed in 1995 and evolved from the Maastricht Treaty,an agreement in effect since the end of World War II.

Globalization can be best characterized as a business climate in which there are ________.

The Canadian Human Rights Act is an example of a ________.

Many organizations,especially small businesses,start doing business globally by ________.

Through the creation of the EU,each member country now has increased border controls,nationalist policies,and protected industries.

After the outsourcing stage,companies that are going global often turn to exporting and importing goods across international borders.

Refer to the Scenario below to answer the questions that follow. Business Expansion Plan (Scenario) As a business expansion director,Shana's goal is to scout potential locations for her company's planned expansion to other countries.There are many options,some of which include maintaining the business's head office in Canada.Other options include sending company representatives to foreign operations when necessary,or establishing separate operation facilities abroad and hiring locals as managers. -If Shana's company decides to open a new operation in Germany that has local managers and is run locally but still exists under the umbrella of the home company,it would be considered a ________.

A new and exciting opportunity has appeared that enables Jennifer and James to form a joint venture with a bank in Japan.This partnership will involve less risk and commitment than ________.

Transnational corporations run their businesses from their home country.

United Parcel Service represents which factor to Canada Post in its specific environment?

Which of the following are the two dimensions of environmental uncertainty?