BPL 5100 Quiz 2 Questions with Correct Answers
What is a simple structure? - Answer-- used for very small businesses
-single/narrow product line
~ owner-manager makes most of the decisions
-highly informal, owner involved in everything, heavy supervision
What are the pros of a simple...
BPL 5100 Quiz 2 Questions with Correct
Answers
What is a simple structure? - Answer-- used for very small businesses
-single/narrow product line
~ owner-manager makes most of the decisions
-highly informal, owner involved in everything, heavy supervision
What are the pros of a simple structure? - Answer-1. decisions made qucikly
2. owner is aware of everything
3. owner can make decisions that's best for the business overall
What two questions does corporate strategy answer? - Answer-1. what businesses
should our firm compete in?
2. what markets should we go into?
markets include internationalization (t/f) - Answer-T
What is outsourcing? - Answer-using other firms to perform your activity that was
previouslt done in-house
(this can be in the U.S or not)
What is offshoring? - Answer-shifting your acitivtiy to a foreign location
What is a global strategy? - Answer-1. emphasis on economies of scale (
2. competitve strategy controlled by corporate office to lower costs
What is a trans-national strategy? - Answer-1. optimization of tradeoffs on effcient and
local adaptation
- Answer-
What is a multi doemstic strategy? - Answer-1. emphasis on differentiating
, How do you choose what strategy is right for you ? - Answer-1. pressures of local
adaptation
2. `Pressures of Lower Costs
what is related (horizontal) relationships? - Answer--benefits from economies of scope
-leverages core competencies
-share tangible and intangible resources
-cost savings
starbucks buying teavana
What is unrelated (vertical) diversification? - Answer--share and leverage corporate
officies
GE buying NBC
what 3 activities should be considered when creating strategic leadership? - Answer-1.
Setting a direction
2. designing the orginization
3. nuriting a culture decided to excellence/ethics
high performing organizations direclty link leadership strategy to oragnzational strategy
(T/F) - Answer-T
what are the 2 roles of corporate strcuture? - Answer-1. differentiation
2. integration
explain: differentiation - Answer-creating distinct tasks among inviduals/groups in the
firm
(division of labor/seperation of duties)
explain: integration - Answer-mechainmism for coordinating people and functions to
accomplish org tasks
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