MGMT 310 Chapter 11 Mind Tap

You are the CEO of a European railroad. Recently, you have been hearing more and more about deregulation, including plans to create and develop new rail freight freeways across Europe. These freeways will totally change the rail industry. Some railroad companies will carry freight at high speeds, while others will be responsible for transporting people at slower speeds around different regions of Europe. Now you have to decide what to do with your company. The type of change that will be most effective in this situation is?

Transformative

One of the downsides of technology increasing communications between countries is that:

face increased competition

SanDisk, a California memory-card company, manufactures its products in Yokkaichi, Japan, instead of at its former manufacturing facility in Virginia, in part because it is working with Toshiba, a company that has long been centered in Japan. This is an example of ___in the computer industry, which changes the way SanDisk operates.

globalization

When Antony Jenkins, the CEO of Barclays Bank, stopped paying commissions on financial products, he was making ___ change for the company

a planned

You are the CEO of a European railroad. Recently, you have been hearing more and more about deregulation, including plans to create and develop new rail freight freeways across Europe. These freeways will totally change the rail industry. Some railroad companies will carry freight at high speeds, while others will be responsible for transporting people at slower speeds around different regions of Europe. Now you have to decide what to do with your company. Which of the following tactics will be most effective in creating this change? Check all that apply.

- Break your old ways of thinking and develop completely new strategies. -Consider dramatic changes to people, systems, and processes throughout your organization.

Which of the following are good ways for a manager to compete in a business environment that is facing rapid technological changes?

-Expect reduced product life cycles that need to be balanced with the costs of doing business -Partner with other companies to share the costs of innovation -Invest more in research and development to create new products

Which of the following are possible reasons Google changed the roles of its executive managers? Check all that apply.

-Google wanted a more streamlined decision-making process. -Google was facing increased competition from companies like Facebook. -Google needed new management because of the company's rapid growth

Management at Work You are the owner of a company that makes tennis shoes. For 50 years, your company has used rubber as a key component in all of your products. Recently, you read a National Geographic article saying that rubber trees are starting to diminish and that they may become extinct in the next 15 years. Now you will have to rethink everything about the way you make shoes. Which of the following tactics will be most effective in creating this change? Check all that apply.

-Think about new possibilities for the organization. -Create a plan based on what should be, not what is.

Management at Work You are the owner of a company that makes tennis shoes. For 50 years, your company has used rubber as a key component in all of your products. Recently, you read a National Geographic article saying that rubber trees are starting to diminish and that they may become extinct in the next 15 years. Now you will have to rethink everything about the way you make shoes. The type of change that will be most effective in this situation is?

Proactive

To maximize its effectiveness, Google should:

Regularly change to keep up with changes in its environment

Web publishing company BuzzMedia underwent ___ went it laid off 50 of the company's 240 employees and made plans to hire 25 new employees in order to reach new strategic goals

an organizational change

Kodak resisted making changes as the photography environment was moving from chemical to digital processes. Its ___ prevented the company from keeping up with the environment and eventually led to its downfall.

inertia

All of the managers at Records-A-Go-Go were more computer saavy than most managers, and they believed that digital music would be coming long before it actually arrived. To prepare, they created a website and held it until they could use it to sell digital tunes. This ___ gave them a place to sell music when the industry became digital

proactive change

When working on a cultural change, it is especially important to think about ___, which involves creating specific plans for implementing the change

process

Starting new operations in a location that is close to a business partner, taking advantage of an already developed infrastructure, and operating in countries that have favorable tax rates is likely to make SanDisk ___ in the future

successful