CHAPTER 7 Globalization and International Strategy 9. it is the process of decentralizing operating decision to tailor to fit the product according to the needs and wants of the consumer in the particular country - multi-domestic strategy Identification 1. Who is the founder of Mang Inasal 10. it is the establishment of wholly owned subsidiary in a foreign country - Edgar “Injap” Sia II - the greenfield venture operation 2. The ______ is based on the type of the market conditions in the country of operation - strategy 3. It is related to the instability in government where the firm intends to operate insurgency civil wars and changes in national leadership are risks that are difficult to predict and therefore pose as congruent risk in business operation. 11. who is the founder of Jollibee Corporation? - Tony Tan Caktiong 12. It is an international strategy through which the firms seeks to achieve global efficiency and local responsiveness - transnational strategic operations - the political environment 4. This has become the popular arrangement in international expansion as it allows the partner firms to share and risk their common resources - strategic alliance 13. this is a marketing approach which urges businesses to develop unique product or service - differentiation strategy 5. Who is the founder of Robinsons Corporation? 14. The primary objective of this strategy is to gain competitive advantage over competitors and perform above the among performance - John Gokongwei - differentiation 6. it is the process of establishing and distributing of the products to a foreign country through distributors or chain of retailers on contractual arrangements 15. New _____ business strategy that could be on its way to becoming increasingly popular as global competition increases - exporting 7. the selling of more goods and services outside of its domestic market - global strategy 8. This is also a way to expand returns based on previous innovations - licensing arrangements - hybrid CHAPTER 8 8. This is determined how strategic and financial controls Structural Dynamics and Control Stratey interplay in the achievement of the desired profit objectives Identification 1. It is intended to verify that the firm is using appropriate strategies to achieve its corporate goals and objective against its competitive advantage in both external and internal environment - strategic controls - structural effectiveness 9. This is the capacity of the firm to consistently and predictably manage its ongoing activities and its daily routine without the effect to its direction of profitable operation - structural stability 2. This specifies specific work to be done and the procedures to do it given the desired strategies 10. This provides the framework within which strategies - firm structure are used and provide the necessary mechanism for its effective implementation controls 3. It guides the use of strategy and indicates performance standards - organizational structure - organizational controls True or False 11. Limited opportunities for learning and growth is one 4. This growth factor develops a higher caliber of executives trusted by the management in their strategies for corporate growth of the advantages of line organizational structure - FALSE - vertical and horizontal integration 12. Corporate strategies cannot be implemented in a 5. They are tasked with operational strategies in vacuum coordination with the other managers in the horizontal functional setup - TRUE - functional managers 13. Effective strategic controls help the firm understand what it takes to be successful 6. This is matched with focus strategies directed toward offering one line of product and usually concentrated in certain geographic markets - simple structure - TRUE 14. Organizational controls are subjective criteria - FALSE 7. This is the plan of actions while strategic implementation is the extent by which firm operates based on plans and goals - strategic formulation 15. Greater horizontal and vertical communication is one of the advantages of line and staff organizational structure - TRUE CHAPTER 9 Strategic Leadership for Effective Organization Identification 1. It is complex set of corporate ideologies and core values that is shared throughout the form and it influences the way of business is conducted. - Organizational culture 2. This is assessment of people within the organization who are ready for corporate governance. 9. It is the tendency of the firm to encourage employees to engage in experimentation and creative process or develop new products and support new ideas and technological development for the firms’ competitive advantage. - The culture of innovativeness 10. This is the business of corporate strategies and organization has to race towards that direction as it is a way to produce more products with high quality standards. - Technological advancement - Internal Sourcing Strategy True or False 3-4 . ______ and ______ They’re the one who know the art of managerial leadership is the greatest investment of the firm towards its desired goals and competitive advantages. - Top level executives, managers 5. These are important sources of growth and innovation. 11. Howard Schultz said My job is not to be easy on people. My job is to make them better. - FALSE it is Steve Jobs 12. One of the components of strategic leadership is maintaining and exploiting core competencies. -FALSE - Entrepreneurial opportunities 6. These are important dimensions that develop managerial competencies in anticipating future events in the business environment. 13. Organizational leadership rests primarily on the top executive usually the chief organization officer (COO) or the president of the firm. - FALSE- chief operating officer - Strategic Leadership and Management 7. It is rapidly changing the landscape of business. -Global economy 8. It allows the employees to take action that are free of organizational constraints and permits individual to be self-directed. - The culture autonomy 14. With clear and elevating goals is one of the characteristic of high performing teams. - TRUE 15. Good communication skills that facilitate effective execution of their strategic vision is one of the characteristic of effective strategic leaders. - TRUE
