MAN4720 FINAL

Approximately what percent of the worlds population lives in the United States?

5

Feng Shui

Chinese practice of harnessing natural forces

which is a rule from the Wall Street Journal article " The New Rules of Flirting"

Do not make physical contact with the person you are flirting with, unless it is within desired relationship

While it is socially responsible to be a good steward of the natural environment, doing so will not enable a firm to gain competitive advantage (True or False)

False

Workplace romance and sexual harrassment are synonymous (True or False)

False

The " United Kingdom Bribery Law" is more stringent than the similar U.S FCPA (True or False)

False its the British law

Although a firms power and prestige in domestic markets maybe significantly enhanced when the firm completes globally, this rarely translates into improved negotiating power among creditors, suppliers, or distributors (True or False)

False not rarely

Wa

Japanese word that stresses group harmony and social cohesion

In which of the following industries in the United States NOT yet greatly challenged by foreign competitors?

Retailing

Inhwa

South Korean word meaning harmony based on respect of hierarchical relationship, including obedience to authority

what aims to balance long-term with short-term concerns and internal with external concerns?

The balanced Scorecard approach

Alvin Toffler argues that environments are becoming so dynamic and complex that they threaten people and organizations with future shock, in his thought-provoking books entitled Future Stock and The Third Wave (True or False)

True

New Jersey's goal is to obtain 3 percent of its electricity from the sun and 12 percent from offshore wind by 2020 (True or False)

True

Strengths, weaknesses, opportunities, cost and threats that represent the bases of current strategies should continually be monitored for change because it is not really a question of whether these factors will change, by rather when they will change and in what ways (True or False)

True

When measuring organizational performance, a comparison should be made between expected results and actual results (True or False)

True

Already the European Union and 113 nations including Australia, Mexico, and Canada have ____________ IFRS rules

adopted or soon plan to use

workplace romance

between two consenting employees simply happens

protectionsim

countries imposing tariffs, taxes, and regulations on firms outside the country to favor their own companies and people

contingency plan

defined as alternative plans that can be put into effect if certain key events do not occur as expected

Bad ethics can ____________ strategic plans

derail even the best

Whistle-blowing

employees reporting any unethical violations they discover or see in the firm

sustainability

firms operations impact the natural environment document discloses to shareholders information about the firm's labor practices, product sourcing, energy efficiency, environmental impact, and business ethics

Future Shock

occurs when the nature, types and speed of changes overpower an individual or organizations ability and capability to adapt

business ethics

principles of conduct within organizations the guide decision making and behavior

With regard to the visible or hidden issue, most executives agree that

some strategic information should remain confidential to top managers

Strengths of competitors in foreign lands are often __________ and weaknesses are often____________

underestimated; overestimated

social policy

what responsibilities the firm has to employees, consumers, environmentalists minorities, communities, shareholders, other groups

A firms power and prestige in domestic markets may be significanty enhanced if it competes globally

which can translate into improved negotiating power among important groups

sexual harassment

(EEOC) unwelcome sexual advances requests for sexual favors, and other verbal or physical conduct of a sexual nature

Commercials and industrial development in the Western part of which country has turned interior citifies into production centers that compete for labor with costal factories?

China

Guanxi

Chinese word that means personal relations

Consistency, distinctiveness, advantages, and feasibility are Richard Rumelts for criteria for evaluating a strategy (True or False)

False consistency, consonance, feasibility, and advantage

In strategy evaluation a revised IFE Matrix should indicate how effective a firm's strategies have been in response to key opportunities and threats (True or False)

False should be revised EFE Matrix

it is possible to obtain insurance from the U.S. Government's OPIC to eliminate all risks associated with doing business internationally (True or False)

False some risks, not all

A global strategy means considering individuals countries distinctly when designing, producing, and marketing products (True or False)

False global needs in mind, instead of considering individual countries alone

Foreign revenue as a percentage of total company revenues is approaching 20 percent for Colgate-Palmolive (True or False)

False exceeds 50 percent

_____________ is a set of standards in fields such as environmental auditing, performance evaluation, and labeling, that is adopted by thousands of firms worldwide to certify to their constituencies that they are conducting business in an environmentally friendly manner

ISO 14001

Nemaswashio

Japanese workers expect supervisors to alert them privately of changes rather than informing them in a meeting

The ISO 14000 family of standards concerns the extent to which a firm minimizes harmful effects on the environment caused by its activities and continually monitors and improves its own environmental performance (True or False)

True

balance scorecard

a stratgey evaluation and control technique contains a carefully chosen combination of strategic and financial objectives tailored to the companies business

inversion

a tax-avoidance tactic where by a company acquires another firm in a country with lower tax rate, such as Ireland, for the primary purpose of funneling revenues through that foreign country

code of business ethics

a written document specifying expected employee/manager behavior/conduct in an organization

social responsibility

actions an organization takes beyond what is legally required to protect or enhance the well-being of living things

Sustainability refers to the extent that an organizations operations and actions ______________ the natural environment

all of these; protect mend and preserve

According to researchers, all of the following encourage individuals to accept change EXCEPT

being overpowered by the nature, types, and speed of changes

`auditing

defined by the American Accounting Association as " a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertains the degree of correspondence between these assertions and established criteria, and communicating the results to interested users

Revised IFE Matrix

focuses on changes in the organizational management, marketing, finance and accounting, production and operations, research and development (R&D), and management information system (MIS) strengths and weakness

international firms or multinational corporations

organizations that conduct business operations across national borders

globalization

process of doing business worldwide, so strategic decisions are made based on global profitability of the firm rather than just domestic considerations

revised EFE Matrix

should indicate how effective a firm's strategies have been in response to key opportunities and threats

Business ethics, _____________ and sustainability issues are interrelated and impact all areas of the comprehensive strategic-management model

social responsibility

sustainability

the extent that an organizations operations and actions protect, mend, and preserve rather than harm or destroy the natural environment

All of the following are reasons strategy evaluation is more difficult today EXCEPT

the increasing time span for which planning can be done with any degree of certainty

bribery

the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official or other person in discharge of a public or legal duty

Trade barriers are one of the unique and diverse risks that face multinational corporations (True or False)

true

The Strategy-evaluation process includes three basic activities:

1. examine the underlying bases of a firms strategy 2. compare expected results with actual results 3. take corrective actions to ensure that performance conforms to plans