Lernkarten

Karten 44 Karten
Lernende 1 Lernende
Sprache English
Stufe Universität
Erstellt / Aktualisiert 28.09.2017 / 05.12.2017
Lizenzierung Keine Angabe
Weblink
Einbinden
0 Exakte Antworten 44 Text Antworten 0 Multiple Choice Antworten
Fenster schliessen

what are the 6 external environments?

-Political

-Economic

-Technological

-Legal

-Political

-Environmental

-social

Fenster schliessen

What does offshoring mean and why do managers decide to do it?

It means transfering activities to countries wich will do them more cost-efficiently. (most of the time western economies that transfer routine manufacturing activities to a low-wage developing countrie or due to faster communication over the internet even administrive activities such as accounting)

Fenster schliessen

what does FDI stand for and what does it mean?

Foreign direct investment is an investment in the form of a controlling ownership in  a business in one country by an entity based in another country. (participation in management, transfer of technology and expertise) usually by inversting in buildings, physical facilities or by bying a companie

Fenster schliessen

What is the difference between Licensing and Franchising?

Licensing is when a business grants the right to a firm in another country to produce and sell it's products. The licensing company does not control the business operations.

Franchising means that the franchisee uses another firm's succesfull business model and brand name. The seller imposes tight conditions on matters such as qualityand working procedures (Fast food)

Fenster schliessen

what is a joint venture and what are the hazards?

It's an alliance in which the partners agree to form a seperate independent organisation for a specific business purpose. (starbucks in Germany with KarstadtQuelle) The hazards are cultural differences and misunderstanding between partners

Fenster schliessen

what does Wholly-owned subsidiary mean?

It's a company whose stock is 100% owned by another company (a regular subsidiary's stock is 50-99% owned by another company)

Fenster schliessen

what is the difference between the existential reason and the vision?

Existential reason --> fundament to exist because its products/services fulfill needs of its customers (could also be the government)

Vision --> is very attractive bt nobody is willing to pay an adequate price

Fenster schliessen

What does USP mean?

Unique selling proposition (if you buy this you will get this specific benefit)

Fenster schliessen

What are the 6 questions a company should ask themselves?

- is there a need which you can meet or create?

- are your customers willing and able to pay for it?

- who will cry in case you have disappeared from the market?

-which is your USP?

-are you able to develop new products/services to keep your USP

Fenster schliessen

What are the 6 company types?

- small & medium Enterprises

- International Enterprises

- Multinational Enterprises

- Transnational Enterprises

- Global Enterprises

- Born Globals

Fenster schliessen

describe SME's

There is no universally accepted definition of an SME

CH & EU --> Micro enterprise less than 10 employees and a turnover of no more than 2 Milliuon Euros/ Small enterprises less than 50 employees and a turnover of no more than 10 million. Medium enterprise no more than 250 employees and a turnover of no more than 50 million

Fenster schliessen

what is the difference between an international enterprise and a multinational enterprise?

international--> do import and export but don't invest outside of their home country

MNE's--> major decisions are made by the managers in the home country but have significant production and marketing operations in many other countries.

Fenster schliessen

What is the difference between transnational and global enterprises?

Transnational--> operate in many countries and delegate many decisions to local managers. They use local knowledge to build the business

Global--> global enterprises work in many countires. Production/service processes are performed and intergrated across many locations (as are ownership,control and top management)

Fenster schliessen

what is the difference between a born global and a born again global?

Born global--> a company that form the beginning of its activities pursues a vision of being global (internationalization period)

Born again global--> established organizations that have previously focused on their domestic markets, but which suddenly embrace rapid and dedicated internationalization

Fenster schliessen

what are the 4 ownership models?

State ownership--> SBB

Personal ownership--> Einzelunternehmen

Common ownership --> migros

Collective ownership --> Verein/shareholders

Fenster schliessen

what ar the 3 customer focus models?

B2C --> Business to customer

B2B--> Business to business

B2B2C -->Business to Business to Consumer(midor-->migros)

Fenster schliessen

what are the 3 external statements and what is the difference?

Vision statement--> desired future state of organization

Mission statement--> purpose of the organization for stakeholders and employees

Statement of Corporate Values--> core principles

Fenster schliessen

what ressources does a company need to exist?

know how, money, infrastructure, customers, employees, and so on

Fenster schliessen

What are the 5 ways of a Horizontal structure?

Lizenzierung: Keine Angabe
Fenster schliessen

what are the advantages and disadvantages of a functional organization?

Advantages: Simple, common interest --> good internal relations, use of expert knowledge, departments are well defined and easily controllable

Disadvantage: Conflict over priorities --> risk of department egoism, Many interfaces, limited possibilites for human resource development

Fenster schliessen

what are the advantages and disadvantages of a divisional organisation?(product, customer, geographic divisions)

advantages: Staff focus on product and customer needs, High motivation in divisions to fulfil their tasks and can be easily evaluated, regional divisions use autonomy to meet local needs

Disadvantages: Divisions are isolated from development of the whole company, costs of duplication across organization (computer system), conflict with other divisions

Fenster schliessen

what are the advantages and disadvantages of a Matrix Organization.

Advantages: Integrated knowledge, flexible structure according to customer needs, disburden top manager from operational responsibilities, staff gain variety of work experience, direct communication through product manager, better internal relations

Disadvantages: Unclear responsibilites (job/task/cost/profit), longer time to take decisions, conflict of competencies (to whom responisble), risk of overorganization/bureaucracy), high requirements for managers

Fenster schliessen

advantages and disadvantages of a Network Organization

Advantages: Broad access to contacts, specialized knowledge, cost efficiency,

Disadvantages: Decentralized knowledge, Division of responsibilities Strong leadership and coordination required, coverage of financial risk

Fenster schliessen

what are the advantages and disadvantages of a team organization

Advantages: Multiple competencies in the teams, solving of complex issues, decision making processes is filtered down to each member of a team

Disadvantages: Disappearance of knowledge, Team often temporary, Decentralized (can lead to coordination and control problems for management)

Fenster schliessen

give some examples why firms go international

Lizenzierung: Keine Angabe
Fenster schliessen

what are tangible resources?

Physical assets of an organisation such as plant, people, and finance

Fenster schliessen

give an example for intangible resources

Information, Reputation, knowledge

Fenster schliessen

what are competences?

skills and abilities which an organisation uses to deploy resources effectively - systems, procedures and ways of working

Fenster schliessen

What is the difference between general managers and functional managers?

General --> Head of complete unit (division). Responsible for unit's performance and relies on the managers in charge of each function

Functiuonal --> responsible for an area of work (either line manager or staff manager

Fenster schliessen

What's the difference between line managers and staff managers?

Line --> in charge of a function thaqt creates value directly by supllying products or services to customers.

Staff--> in charge of activities like finance, personnel, purchasing, legal etc.