Iba Exam 2 Q&A

Which of the following statements is TRUE? A. Managers keep the focus on a company's day-to-day operations. B. Managers see the big picture and set long-term goals. C. Leaders control and administer specific activities in the company. D. Managers are visionary and hold a long-term perspective. E. Leaders have a short-term perspective for the firm. - Answer- A. Managers keep the focus on a company's day-to-day operations. An international cellular phone corporation sells mobile devices, tablets, various networks, and connected home solutions overseas. The corporation separates its company according to each of these separate areas. Which organizational structure does this example describe? - Answer- Product structure Procter & Gamble (P&G) has a research center in Belgium that instituted water-softening technology to address the hard water problems in Europe. In Japan, P&G developed a laundry detergent for use in cold water because Japanese customers prefer washing their clothes in cold water. These are examples of ________. - Answer- learning ________ is a quality of executive management that provides inspirational guidance and motivation to personnel, leading the firm to a better future. - Answer- visionary leadership The Korean automobile firm Hyundai emphasizes the importance of science and technology throughout its organization and allocates funds for the research and development of innovative automobile features. Which of the following dimensions of a successful international firm is best demonstrated by Hyundai? - Answer- organizational culture In a(n) ________, the headquarters of a company has significant authority and control over the company's global activities. - Answer- centralized approach A coordinated approach to internationalization in which the firm strives to be relatively responsive to local needs while retaining sufficient central control of operations is a ________ strategy. - Answer- transnational Which of the following represents a low-control strategy? - Answer- exporting ____