1.Globaliza on bene ts Improvement of quality, process, and distribu on Improvement of quality and process 2.Objec ves are Part of the goal that needs on me preference Separate task from goal 3.Strategic planning is Se ng direc on for short-term, midterm, long-term Se ng direc on the short-term objec ves 15.Innova on and changes is the natural challenges to be managed well by the org True False 9.Polycentric opera ons Seeking di erences in foreign markets but exible Seeking di erences in foreign markets but ac ve right ti ti ti ti ti ti fl ti ti ti fi ti ti ti ti ff ti ff ff ti ti ti ti ti ti ti ti tti tti ti ti ti ti ti 10.Strategic planning is the Game plan of the organiza on ti 13.Strategic management is Matching resources= challenges Matching resources= opportuni es 5.Mo va on is on area of human development only True False 8.Company’s policy A guideline in the company's conducts Broad guideline in the company's conduct fl 12.Strategic planning is the Game plan of the organiza on World map as guide to the management 14.Stockholders are directly involved in the implementa on of the plan True False 7.Managerial is being powerful and disciplinarian in the company True False ti 11.Organiza onal e ec veness is through people skills True False 4.Work design refers to system how the opera ons will be harmonized True False 6.Strategic management is to overcome compe on and con ict True False ff World map as guide to the management 16.Compe ve advantage (CA) is A proactor compe tor A reactor compe tor 17.The stakeholders are directly involved in the opera ons of the company True False 18.Economic pressure is the internal and external factors to be taken primarily in the plan True False 19.Ethnocentric opera ons Seeking similari es in the foreign markets Seeking both the similari es and di erences in the foreign markets 20.Strategic management a management of Organiza onal cross- func onal decisions Organiza onal objec ves 21.Leadership is being visionary manager in the organiza on True False 30.Communica on I should involved only to those at the top and bo om levels of management True False 22.Organiza on structure refers to the assigned func ons of execu ves only True False 23.Ethical conduct is the Right way to exercise cau ons in the process of the management Right behavior in dealing with the stakeholders 24.Correc ve ac ons are Correc ve measures of the plans devia ons Preven ve measures of the plans devia ons 25.Personality is essen al to managerial posi on True False 26.Percep ons is to cover the way of thinking of people in the company True False 27.Adapta on process Adop on of the interna onal business to the other countries Localiza on of the interna onal business to other countries 28.Workforce diversity is having ambivalent composi on of manpower True False ti ti ti ti ti ti tt ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti 29.Virtual opera ons Digital business opera ons to observe the respec ve partners e-commerce rights Digital business rela ons without boundaries Balanced scorecard ❖ popularized by robert kaplan and david newton. ❖ informa on about target and actual performance for a certain period . ❖ gives you the view how the di erent units of the organiza on perform speci c tasks and func on within the period. Performance ❖ measuring this is basic , “ what have you done, what have you get” ❖ provide us again to correct ac on for the next year plan ❖ Note: strategic plan usually range 5 to 25 years, mid year plan and total plan ❖ performance is measured in a form of objec ves Bene ts of having clear objec ves every period to measure balanced scorecard ● revealing the expecta on of the result of the balanced scorecard is providing the organiza on this is what we get to the previous year. then hindi ko nain ndihan ● Allow synergy you allow benchmarking, compelling performance in a total collabora ve bond management to global companies do not hesitate to benchmark with other system ● aid in evalua on by serving as standards. Nowhere to go , success is dependent to standard Establish priori es one thing at a me, is standard of success ● minimize con ict in collabora ve management, the purpose of collabora on is to harmonize di erent func ons of the company ● S mulate exer on say no if it's necessary and say yes if it's important. urgency and important things must be discipline. what is important can't be delayed and what is urgent act now. ti ti ti ti ti ff ff ti ti ti ti ti ti ti ti ti ti ti ti fl ti ti ti ti ti fi fi ti ti ti ti ● aid in alloca on of resources me is a number one resource, without it you have nothing to do and perform. In strategic management, observe the me carefully. life is short, business life is only 60 years so allocate your me properly. ● Aid in design of jobs Every company member is doing organiza onal business. the concern of your work is also the concern of the whole business. ● provide basis for consistent decision making The rest ara sa module the integra on strategies forward integra on backward integra on market penetra on etc