POM Chapter 08 - The Manager as a Planner and Strategist

Entering a new business or industry to create a competitive advantage in one or more
of an organization’s existing divisions or businesses is called _____.

Two divisions of a company decide to use the same manufacturing facilities to
capitalize on the organization's excess capacity and reduce fixed costs. This is an
example of _____.

Cameo Ltd., a record label company, subsequently entered the airline industry to
expand business. This example of a record label company entering the airline industry
is an example of _____.

In order to cater to local tastes and culinary traditions, and often in respect of particular
laws or religious beliefs, McDonald's offers customized versions of its menu to
suit different countries. This is an example of _____.

Selling the same standardized product and using the same basic marketing approach
in each national market is called _____.

Most electronic goods have the option of changing the operating language. This done
by manufacturers so that the same electronic device can be supplied and marketed
around the world. The manufacturers in this case are applying a(n) _____.

Which method of international expansion poses the least amount of risk?

Allowing a foreign organization to take charge of manufacturing and distributing a
product in its country or world region in return for a negotiated fee is referred to as:

Selling to a foreign organization the rights to use a brand name and operating knowhow
in return for a lump-sum payment and a share of the profits is referred to as:

An agreement in which managers pool or share their organization’s resources and
know-how with a foreign company, and the two organizations share the rewards and
risks of starting a new venture is called a(n) _____.

Japanese consumer electronics company Sony Corporation and the Swedish
telecommunications company Ericsson combining a part of their resources to
manufacture mobile phones is an example of a(n) _____.

Nokia has established production operations in foreign countries to sell its phones in
those regions. The production operations perform as separate entities without any local
direct involvement. These production operations are _____ of Nokia.

The method of international expansion which presents managers with many threats
and is the most expensive due to the high level of foreign investment is the method of
international expansion through _____.

The first step in implementing a strategy is:

_____ is the final step in implementing strategy

A(n) _____ broadly defines an organization's purpose, what it is seeking to achieve
from its activities, identifies what is unique or important about its products to its
employees and customers, and also distinguishes or differentiates the organization in
some ways from its competitors.

The first step in planning for an organization is:

According to Henry Fayol an effective plan should have four qualities, namely unity,
continuity, accuracy, and _____.

According to Henry Fayol, _____ means that managers need to make every attempt to
collect and use all available information in the organization's planning process

The managers of an organization develop a single, well-researched, and effective plan
to complete a set of tasks. Which of the following qualities, according to Henry Fayol,
does this plan have?

In large organizations the functional level of management is also known as the _____ of
management.

Top management’s decisions pertaining to the organization’s mission, overall strategy,
and structure constitutes an organization's _____.

There has been a rapid increase in the percentage of population of a third-world
nation switching to cellular technology in recent years. A major multinational
telecommunication services company decides to take advantage of this change and
plans to setup industry in the country with the intention of dominating the country's
telecommunication market. This is an example of a _____.

Divisional managers’ decisions pertaining to divisions’ long-term goals, overall strategy,
and structure is called an organization's _____ plan

A(n) _____ strategy indicates how a division intends to compete against its rivals in an
industry.

The SUV division of a major automobile corporation decides to release a new model a
month ahead of its stated release and notifies the decision to all the departments
associated with the division. The departmental managers must alter their _____ to
accommodate the earlier release date.

_____ is a plan of action to improve the ability of each of an organization’s functions to
perform its task-specific activities in ways that add value to an organization’s goods
and services.

A functional-level plan states the goals that the managers of each function will pursue
to help their division attain its ______ goals, which, in turn, will allow the entire company
to achieve its ______ goals

The duration over which a plan is intended to be applied or endured is called _____.