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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Scholarsstudyguide. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
