Business Questions

The abstract ideas about what a group believes to be good, right, and desirable are known as Blank______.folkwaysvaluesfactsnorms

Which strategy would reflect the lowest level of performance ambiguity?transnationalinterdependentlocalizationglobal standardization

Within the subunits of multinational firms, the most important bureaucratic controls focus on Blank______.financesmarketingpersonnelproduction

A Blank______ strategy has firms operating with worldwide area structures, where operating decisions are decentralized to functionally self-contained country subsidiaries.localizationdomestictransnationalinternational

True or false: The communication strategy of a company is a key component to maintaining culture within the organization.TrueFalse

The Blank______ strategy may use a mix of centralization and decentralization depending on the pressures for local responsiveness and the need to coordinate a dispersed value chain and transfer core competencies. There is a high need for coordination when using this strategy.transnationallocalizationinternationalglobal standardization

Firms that use a localization strategy have national operations that act as stand-alone entities. This results in Blank______ levels of performance ambiguity.lowhigh

After working for the company for three years, Roberto now qualifies to receive an annual bonus if he achieves the performance goals he has been given. This bonus is an example of Blank______.a commissionmerit payan incentiveinsurance

Under which structure of horizontal differentiation is the world divided into geographic areas where each area is a self-contained, largely autonomous entity with its own set of value creation activities?Product divisionalFunctionalWorldwide areaRegional responsive

Firms that adopt a(n) Blank______ strategy have minimal need for integrating mechanisms because they are primarily concerned with local responsiveness.global standardizationlocalizationinternationaltransnational

Based on the study in the text, organizations that showed high performance over a period of time had not only strong but also Blank______ cultures.inflexiblesingularadaptive

The marketing and product development teams at Kyle's company meet once each month to brainstorm ideas. This monthly meeting is an example of a(n) Blank______ used at Kyle's company.forecastcontractprocessunion

The manner in which decisions are made and work is performed within a company is referred to as Blank______.agreementsforecastsprocessescontracts

The control systems used in international firms include: personal, bureaucratic, output and Blank______.culturalpoliticalmanagerialscientific

Collecting data to decrease performance ambiguity is costly and time consuming, thereby raising the cost of Blank______.knowledgeoutputscontrolbureaucracy

What is considered the main problem with the worldwide product divisional structure?Country managers have limited voice and are considered subservient to product division managers.Divisions within the organization lose all autonomy.The demands for customization limit company profits.Each division focuses on its own value creation activities with no regard for the worldwide division.

True or false: According to the global matrix structure, operating decisions for a particular product should be made only by the subsidiary.TrueFalse

Which example demonstrates the simplest mechanism used to integrate subunits?Margo's company is a multinational firm and has implemented a matrix structure based on geographic area.When Marcela has a concern about the marketing division, she contacts the manager of that department.Marcus's company has a formal liaison who acts as a contact between the subunits.

Match the level of performance ambiguity associated with the type of firm strategy.LocalizationGlobal StandardizationTransnational

Which statement is true of incentives?They refer to the devices used to reward appropriate employee behavior.They are directly linked to the expenditures incurred to set up a subunit, such as a global product division.Many employees receive incentives in the form of weekly salary.They are not tied to the performance metrics used for output controls.