strategy final

Whistle blowers in the corporate world receive up to ________ percent of the proceeds of legal proceedings against firms for wrongdoing. 40 20 10 25 15

25

What is the cornerstone of effective strategy evaluation? Smaller ratio of top- to lower-level management Quality and quantity of managers Evaluation preceding implementation stage Punitive corrective actions Adequate and timely feedback

Adequate and timely feedback

Whereas ________ business embodies individualism, achievement, competition, and informality, ________ business stresses collectivism, continuity, cooperation, and formality. American; Mexican Mexican; American Japanese; Mexican Japanese; American Mexican; Japanese

American; Mexican

Which of the following is a potential advantage of conducting international operations? The need to deal with two or more monetary systems. Differing language, culture, and value systems can make communication difficult. Gaining an understanding of regional organizations is difficult, but is often required in doing business internationally. Dealing with two or more monetary systems can complicate international business operations. Competitors in foreign markets may not exist, or competition may be less intense than in domestic markets.

Competitors in foreign markets may not exist, or competition may be less intense than in domestic markets.

Which of the following is NOT true concerning the Japanese concept of Wa? The Wa concept involves group loyalty and consensus. Nearly all corporate activities in Japan encourage Wa among managers and employees. The potential attractiveness of alternative business decisions are evaluated in terms of their long-term effect on the group's Wa. Discussions potentially disruptive to Wa are generally conducted in very formal settings. Entertaining is an important business activity in Japan because it strengthens Wa.

Discussions potentially disruptive to Wa are generally conducted in very formal settings.

What challenge facing all organizations requires managers to formulate strategies that preserve and conserve natural resources and control pollution? Economic Sociological Ecological Compensational Benchmarking

Ecological

The lowest cost source for precision machinery is Malaysia. Europe. Japan. Sri Lanka. Mexico

Europe.

Which of the following statements is NOT true? A world economy and monetary system are emerging. Innovative transport systems are accelerating the transfer of technology. America's economy is becoming much less American. Markets are shifting slowly and in many cases diverging in tastes, trends, and prices. Corporations in every corner of the globe are taking advantage of the opportunity to obtain customers globally.

Markets are shifting slowly and in many cases diverging in tastes, trends, and prices.

A sustainability report discloses various kinds of information to shareholders. Which of the following is NOT one of them? Energy efficiency Business ethics practices Product sourcing Labor practices Net income

Net income

Research suggests that which of the following is one of the best ways to overcome individuals' resistance to change in strategy evaluation? Participation Laissez-faire system Rational argument Emotional reactions Command-and-control

Participation

Which of the following is NOT a corrective action a company might take to correct unfavorable variances? Allocating resources differently Raising capital with stock or debt Taking punitive action Divesting a division Revising objectives

Taking punitive action

A proactive environmental policy is likely to lead to higher medical costs. conservation of energy. higher cleanup costs. numerous liability suits. reduced customer loyalty.

conservation of energy.

ISO standards are legally binding. True False

false

In Europe, romantic relationships at work are frowned upon, and most firms have policies prohibiting the practice. True False

false

In South Korea, activities involve concern for ________, or harmony based on respect of hierarchical relationships, including obedience to authority. Wa inhwa guanxi feng shui nemaswashio

inhwa

Success today guarantees success tomorrow. is all that really matters. is no guarantee of success tomorrow. provides significant assurance of success tomorrow. predicts tomorrow's success.

is no guarantee of success tomorrow.

In an effort to manage ecological challenges, many companies are purging environmental values from their mission statements. making the chief operating officer report directly to the corporate environmental group. moving environmental affairs from the staff side of the organization to the line side. omitting an environmental representative from their board of directors. moving environmental affairs from the line side of the organization to the staff side.

moving environmental affairs from the staff side of the organization to the line side.

Workplace romance is defined as unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature. simply happens so organizations should determine how to best manage the phenomenon. should be strictly forbidden by organizations. is an intimate relationship between two employees, one of whom is not consenting. is defined as illegal by the Equal Employment Opportunity Commission.

simply happens so organizations should determine how to best manage the phenomenon.

With regard to the visible or hidden issue, most executives agree that the SEC should regulate whether or not companies make their strategic information visible. the potential benefit of improved employee and stakeholder motivation and input is not worth the risk of rival firms easily knowing and exploiting a firm's strategies. a company has gone too far when it takes steps to ensure that strategic information is not disseminated beyond "the inner circle." some strategic information should remain confidential to top managers. keeping strategies secret from employees and stakeholders will likely improve communication, understanding, and commitment.

some strategic information should remain confidential to top managers.

Mintzberg's notion of "crafting" strategies insists on formality. contends that firms need to assess their environments, do research, evaluate alternatives, analyze, and then choose a course of action. is consistent with the view that strategic management is more a science than an art. suggests that strategic decision making be based primarily on holistic thinking, intuition, creativity, and imagination. reject strategies that result from subjective imagination in favor of objective analysis.

suggests that strategic decision making be based primarily on holistic thinking, intuition, creativity, and imagination.

According to Linneman and Chandran, identifying both good and bad events that could jeopardize strategies should be the first step in contingency planning. True False

true

Criteria for evaluating strategies should be measurable and easily verifiable. True False

true

Dumping banned or flawed products in foreign markets is considered to be an unethical business practice. True False

true

Intuitive judgments are almost always involved in deriving quantitative criteria. True False

true

One of the dangers of remaining a local competitor is that more aggressive companies will use their global growth to capture economies of scale and learning. True False

true

Perhaps the greatest advantage of international operations to a firm is the ability to gain new customers for its products and services, thus increasing revenues. True False

true

Protectionism refers to countries imposing tariffs, taxes, and regulations on firms outside the country to favor their own companies and people. True False

true

The first social responsibility of any business must be to make enough profit to cover the costs of the future because if this is not achieved, no other social responsibility can be met. True False

true

Time spent with the family and the quality of relationships are more important in some cultures than the personal achievement and accomplishments espoused by the traditional U.S. manager. True False

true

Today boards of directors are composed mostly of outsiders who are becoming more involved in an organization's strategic management. True False

true