MBA 500 2
The following is not an example of risk factors for an MNC
Complying with contractual terms of agreements
A worldwide strategy based on cost leadership, differentiation, and, segmentation is referred to as the:
Economic imperative
. For a global retail company, a focused sale campaign on Christmas gift items would be effective in all of the company's markets.
False
Hofstede's research found that the national cultural values of employees have an insignificant impact on their organizational performance, and these values are easily changed by the organization.
False
In high-context societies, the succinct style of communication is very common.
False
In low-context societies, messages are often highly coded and implicit.
False
Organizational culture is complex and cannot be defined as a set of norms regulating the behavior of the employees of a firm.
False
The primary purpose of downward communication flow is to provide feedback, ask questions or obtain assistance from higher-level management.
False
The equity joint venture
Involves a financial investment by the MNC in a business enterprise with a local partner
The nonequity venture
Is characterized by one group merely providing a service for anothe
_____ reviews major political decisions that are likely to affect all business conducted in a particular country
Macro political risk analysis
China's government policies regarding investment in the telecommunications industry fall into the _____ political risk category.
Micro
A structure that is a combination of a global product, an area, or a functional arrangement is referred to as a(n) _____ organizational structure.
Mixed
According to the 2012 Transparency International Corruption Perceptions Index, which of the following is the least corrupt nation?
New Zealand
MNCs using the _____ approach to strategic planning are country-responsive; their approach is designed to protect local market niches
Political imperative
Global structures of MNCs come in three common type
Product, area, and functional
The approach to strategic formulation and implementation utilizing strategies of TQM to meet or exceed customers' expectations and continuously improve products and/or services is referred to as the
Quality imperative
TQM techniques range from traditional inspection and statistical quality control to cutting-edge human resource management techniques, such as
Self managing teams and empowerment
Which of the following is not a challenge of doing business in Russia?
Strong faith in government policies
Wholly owned subsidiaries, mergers and acquisitions, alliances and joint ventures, licensing agreements, franchising, and basic export and import operations are:
The most common entry approaches for international operations
Managers should concentrate on "building common ground—essentially, shared knowledge—across locations, so that employees working offshore can anticipate the actions and decisions of their onshore counterparts without the need for extensive discussion."
True
Regardless of the external environment or their national culture, managers and employees must understand and follow their organization's culture to be successful.
True
The instrumental style of communication is more commonly found in individualistic, low-context cultures such as the United States.
True
To manage a global team, international managers must take into consideration three factors: culture, communication, and trust.
True