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c. global functional structure
In which of the following are a firm's foreign operations integrated into the activities and responsibilities of each department to gain functional specialization and economies of scale?a. international divisionb. matrix structurec. global functional structured. global divisional structure TERM 2
high, low
DEFINITION 2 With a globalization strategy, the need for complex integrating mechanisms is ________, and in a multi-domestic strategy, the need is ________. TERM 3
focusing on & specializing in specific
markets
DEFINITION 3 Differentiation TERM 4
d. transnational
DEFINITION 4 The ________ strategy involves maximizing opportunities for both efficiency and local responsiveness by adopting a structure that uses alliances, networks, and horizontal design formats.a. multidomesticb. internationalc. globalizationd. transnational TERM 5
Family businesses
DEFINITION 5 What was the origin of most emergent market companies?
Integration
What term refers to the coordination of markets? TERM 7
c. Consolidating business operations into two
operating divisions
DEFINITION 7 What was the primary aspect of Samsung's 2009 reorganization?a. forming an alliance with Motorolab. reducing its international work force by halfc. consolidating business operations into two operatingdivisionsd. outsourcing all of its semiconductor manufacturing TERM 8
c. transnational corporation
DEFINITION 8 As a company becomes larger, more complex, and more sophisticated in its approach to world markets, it will most likely evolve into a(n) ________a. matrix corporationb. international corporationc. transnational corporationd. domestic corporation TERM 9
a. environmental
volatility
DEFINITION 9 What is the greatest risk for firms that have structurally sophisticated global networks?Select one:a. environmental volatilityb. shortages of experienced personnelc. competition from domestic firmsd. implementation of corporate policies TERM 10
c. global-local market that allows local
managers to act independently
DEFINITION 10 The organizational structure of Levi Strauss is best described as a _______.a. global product structure that produces a single product from one facilityb. matrix structure that seeks unification among all of its products & marketingc. global- local format that allows local managers to act independentlyd. domestic structure
d. follow the evolution of the
internationalization process
The stages model is best described as the stages of change in an organizational structure that ________.a. link markets within cultural regionsb. identify the risks faced by firms that are globalizingc. control the strategic decisions made by global managersd. follow the evolution of the internationalization process TERM 17
a. matrix structure
DEFINITION 17 Which of the following organizational structures is typical of most transnational companies?Select one:a. matrix structureb. global product structurec. international divisiond. global functional structure TERM 18
a. more resources tend to be provided to the
international division
DEFINITION 18 A firm that uses an international division structure may experience conflict among all of its divisions because ________.a. more resources tend to be provided to the international divisionb. the structure type is not very efficientc. fewer resources tend to be provided to the international divisiond. theinternational division fails to respond to cultural differences TERM 19
b. MIS adequacy
DEFINITION 19 Which of the following terms refers to the ability to gather timely and accurate information necessary for international management, especially in less developed countries?a. indirect controlb. MIS adequacyc. PCN analysisd. direct control TERM 20
b. network structure
DEFINITION 20 Royal Phillips Electronics' structure would best be described as a(n) ________.Select one:a. domestic structure plus export departmentb. network structurec. global functional structured. international division
d. lack of differentiation
What is the primary disadvantage of rationalization?a. too much emphasis on centralized decision makingb. too many different marketing & sales programsc. potential profit loss due to different product designsd. lack of differentiation & specialization for local markets TERM 22
b. simplifying traditional hierarchies
DEFINITION 22 Which of the following is a major structural changes occurring within many emerging market companies, such as Lenovo and Mittal Steel?a. establishing foreign franchisesb. simplifying traditional hierarchiesc. expanding family ownershipsd. decreasing the powers ofsubsidiaries TERM 23
d. lateral communication network
DEFINITION 23 Which of the following is an essential element of the transnational structure of Asea-Brown Boveri (ABB)?a. reliable system of suppliersb. hierarchical communication networkc. top-down decision-making processd. lateral communication network TERM 24
d. exporting
DEFINITION 24 Small firms typically begin their international involvement by:a. forming joint venturesb. outsourcingc. franchisingd. exporting TERM 25
very important, not important
DEFINITION 25 With a transnational strategy, the role of organizational culture is ________, and in a multidomestic strategy, the role of organizational culture is ________.
How many sets of financial statements from subsidiaries are usually required to reconcile an MNC's accounting statements? TERM 32
c. financial performance reports
DEFINITION 32 Which of the following is NOT one of the direct control mechanisms used by McDonald's in Russia?a. extensive management trainingb. construction of food processing planc. financial performance reportsd. visits by headquarters personnel TERM 33
d. global geographic structure
DEFINITION 33 What is the most common form of organizing foreign operations?a. global product structure[b. global functional structurec. matrix structured. global geographic structure TERM 34
c. integration &
differentiation
DEFINITION 34 Regardless of the stage of internationalization, a firm's structural choices always involve which two opposing forces? a. strategy & operationsb. globalization & localizationc. integration & differentiationd. procedures & implementation TERM 35
Internationalization
DEFINITION 35 the process by which a firm gradually changes in response to the imperatives of international competition, domestic market saturation, and desire for expansion.
