Exam 2: Environmental Contraints on Managers

Describe the steps a company takes in going global.

A society with high uncertainty avoidance relies on rules and trusts its social institutions to deal with an uncertain future.

Daniel is made aware of a new threat by a local group that opposes the mining of a raw material used in the manufacturing process.The company is now likely facing a ________.

Canada is an example of a country with small power distance.

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 reorganizes based on industry groups with no designated home country,the entire organization would be considered a ________.

A grocery store that has few components in its environment and minimal need for knowledge about its suppliers or customers is operating under conditions of low ________.

Power distance refers to the degree to which a society encourages people to be tough,confrontational,assertive,and competitive.

According to the textbook,the ________ environment includes those external forces that have a direct and immediate impact on managers' decisions and actions and are directly relevant to the achievement of the organization's goals.

Human resources managers are increasingly using the Internet to search for qualified candidates through online résumé systems and job-posting websites.This is an example of how changing ________ conditions can affect an organization.

Since the emergence of digital music formats,the recorded music industry has been operating in an environment that is best described as ________.

Rapid changes in ________ conditions have resulted in shorter product development cycles for DigiTech.

Canada's economy is best described as ________.

The external environment consists of the global environment,________.

Neighbourhood activists who protest against the building of "big box" stores would be considered which factor in the specific environment for Walmart or Home Depot?

Sociocultural conditions consist of the ________.

The European Union (EU)and the North American Free Trade Agreement (NAFTA)have both created regional trading alliances.

The General Agreement on Tariffs and Trade (GATT)was signed in 1992 to create the EU.

In a society with high ________,you would expect members of a corporation to have a strong identification with the corporation.

A Coca-Cola bottling plant in Bolivia is wholly owned by a local businessperson.What kind of venture is this plant likely to be?

An online brokerage company like E*TRADE that is dealing with many environmental components and requires a high level of knowledge about Internet operations is operating in a highly ________ environment.