1 4 Managing in a global environment

Question 0

Global environment

Answer 0

Set of global forces and conditions that operate beyond an organization’s boundaries but affect manager’s ability to acquire and utilize resources

Question 1

Global organizations

Answer 1

An organization that operates and competes in more than one country

Question 2

task environment

Answer 2

Set of forces and conditions that originate with suppliers, cust and competitors and affect an org ability to obtain input and dispose of its outputs cause they influence managers on a daily basis

Question 3

general environment

Answer 3

wide ranging global, economic, technological, sociocultural, demographic, political and legal forces that affect an org and its task environment

Question 4

suppliers

Answer 4

Individuals and organizations that provide an organizatiom with the input resources that it needs to produce goods and services

Question 5

global outsourcing

Answer 5

The purchase of inputs from overseas suppliers or the production if inputs abroad to lower production costs and improve product quality or design

Question 6

distributors

Answer 6

Organizations that help other organizations sell their goods or services to customers

Question 7

customers

Answer 7

Individuals and groups that buythe goods and services that an organization produces

Question 8

competitors

Answer 8

Organizations that produce goods and services that are similar to a particular organization’s goods and services

Question 9

potential competitors

Answer 9

Organizatioms that presently are not in a task environment but could enter if they so choose

Question 10

Barriers to entry

Answer 10

Factors that make it difficult and costly for an organization to enter a particular task environment or industry

Question 11

economies of scale

Answer 11

Cost advantages associated with large operations

Question 12

brand loyalty

Answer 12

Customer’s preference for the products of organizations currently existing in the task environment

Question 13

Economic forces

Answer 13

Interest rates, inflation, unemployment, economic growth, and other factors that affect the general health and well being of a nation or the regional economy of an organization

Question 14

technology

Answer 14

The combination of skills and equipment that managers use in the design, production, and distribution of goods and services

Question 15

technological forces

Answer 15

Outcomes of changes in the technology that managers use to design, produce, or distribute goods and services

Question 16

sociocultural forces

Answer 16

Pressures anatimg frim the social structure of a country or society ir from the national culture

Question 17

social structure

Answer 17

The arrangement of relationships between individuals and groups in a society

Question 18

national culture

Answer 18

The set of values that society considers important and the norms of behavior that are approved or sanctioned in that society

Question 19

demographic forces

Answer 19

Outcomes of changes in, or changing attitudes toward, the characteristics of a population, such as age, gender, ethnic origin, race, sexual orientation, and social class

Question 20

Political and legal forces

Answer 20

Outcomes of changes in laws and regulations, such as the deregulation of industries, the privatization of organizations, and the increased emphasis on environmental protection

Question 21

globalization

Answer 21

The set of specific and general forces that work together to integrate and connect economic, political, and social systems across countries, cultures, or geographical regions so rhat nations become increasingly interdependent and similar

Question 22

4 sifferent firms of capital that flow between countries

Answer 22

Human, financial, resource and political

Question 23

values

Answer 23

Ideas about what society believes to be good, right, desirable, or beautiful

Question 24

norms

Answer 24

Unwritten, informal codes of conduct that prescribe how people should act in particular situations and are considered important by most members of a group or organization

Question 25

folkways

Answer 25

The routine social conventions of everyday life

Question 26

mores

Answer 26

Norms that are considered to be central to the functioning of society and to social life

Question 27

5 dimensions of Hofstede’s model of National Culture

Answer 27

Individualism vs Collectivism
Low power distance vs High power
Achievement orientation vs Nurturing orientation
low uncertainty avoidance va high uncertainty avoidance
short term orientation vs long term