Summary International management

-
ISBN-10 1849590559 ISBN-13 9781849590556
148 Flashcards & Notes
4 Students
  • This summary

  • +380.000 other summaries

  • A unique study tool

  • A rehearsal system for this summary

  • Studycoaching with videos

Remember faster, study better. Scientifically proven.

This is the summary of the book "International management". The author(s) of the book is/are comp S W Douma. The ISBN of the book is 9781849590556 or 1849590559. This summary is written by students who study efficient with the Study Tool of Study Smart With Chris.

PREMIUM summaries are quality controlled, selected summaries prepared for you to help you achieve your study goals faster!

Summary - International management

  • 1 Foundations of management and organizations

  • 1.             Which of the following is NOT the main assumption made by standard economic theory

    a.       many potential entrepreneurs may freely enter the market if they want

    b.      market participants are price-takers

    c.       a firm is viewed as a coalition of diverse groups of participants

    d.      a producer purchases raw materials by evaluating all possible alternatives

     

    c
  • 1.             In case of hidden information, which phenomenon may arise?

    a.       Moral hazard

    b.      Adverse selection

    c.       Hidden action

    d.      Adverse information

    b
  • 1.             Which statement is not true? The behavioral theory of the firm suggests that:

    a.       organizations look for solutions to emerging problems as soon as they see better opportunities

    b.      individuals are intendedly rational but only limitedly so.

    c.       the behavior of individuals is satisfying.

    d.      the goals of the participants are expressed in the form of aspiration levels

    a
  • 1.             In Agency theory, the acts of having the financial books of the firm audited or installing a board of directors are known as:

    a.       Monitoring or bonding

    b.      On-the-job consumption

    c.       Separation of ownership and control

    d.      The positive theory of agency

    a
  • 1.             Transaction Cost Economics:

    a.       Is often criticized for its emphasis on trust.

    b.      Suggests that the choice of coordination mechanism (organizations versus markets) depends on the cost of the transaction

    c.       Is often called the “hybrid and hierarchy paradigm”.

    d.      Argues that uncertainty favors the use of market transaction.

    b
  • 1.             Which of the following affects the bargaining power of customers?

    a.       The number of customers and the volume of their purchases

    b.      Supplier switching costs for firms in the industry

    c.       Rates of technological innovation

    d.      The growth rate of the market

    1.             Which of the following affects the bargaining power of customers?

    a.       The number of customers and the volume of their purchases

    b.      Supplier switching costs for firms in the industry

    c.       Rates of technological innovation

    d.      The growth rate of the market

  • 1.             Which of the following may identify organizations that form a strategic group? (Choose all that apply)

    a.       They have similar characteristics.

    b.      They are strategic business units within a single organization. 

    c.       They follow similar strategies.

    d.      They compete on similar bases.

    1.             Which of the following may identify organizations that form a strategic group? (Choose all that apply)

    a.       They have similar characteristics.

    b.      They are strategic business units within a single organization. 

    c.       They follow similar strategies.

    d.      They compete on similar bases.

  • 1.             True or false?

              A low cost strategy can be especially attractive when the target market niche is small.

    1.             True or false?

              A low cost strategy can be especially attractive when the target market niche is small.

  • 1.             According to the VRIO model, what are the two criteria that must be satisfied in order to sustain a competitive advantage?

    a.       inimitability and nonsubstitutability

    b.      inimitability and exploitability

    c.       value and exploitability

    d.      value and rarity

    1.             According to the VRIO model, what are the two criteria that must be satisfied in order to sustain a competitive advantage?

    a.       inimitability and nonsubstitutability

    b.      inimitability and exploitability

    c.       value and exploitability

    d.      value and rarity

  • 1.             The large expenditures on advertising by firms such as Procter & Gamble and Colgate-Palmolive is an example of what kind of barrier to entry?

    a) Access to distribution channels. c) Economies of scale. b) Capital requirements. d) Product differentiation.

    1.             The large expenditures on advertising by firms such as Procter & Gamble and Colgate-Palmolive is an example of what kind of barrier to entry?

    a) Access to distribution channels. c) Economies of scale. b) Capital requirements. d) Product differentiation.
  • 1.             A firm's skills in using its resources to create goods and services are its ________.

    a.       values

    b.      capabilities

    c.       logistics

    d.      resources

    1.             A firm's skills in using its resources to create goods and services are its ________.

    a.       values

    b.      capabilities

    c.       logistics

    d.      resources

  • 1.             With reference to Penrose’s theory of the growth of the firm, which of the following is not true?

    a.       A proper amount of information can reduce risk

    b.      Temperament and lack of information are sources of uncertainty

    c.       All various ways of reducing risk require the input of managerial services

    d.      Most resources can render various services, of different specialization

    1.             With reference to Penrose’s theory of the growth of the firm, which of the following is not true?

    a.       A proper amount of information can reduce risk

    b.      Temperament and lack of information are sources of uncertainty

    c.       All various ways of reducing risk require the input of managerial services

    d.      Most resources can render various services, of different specialization

  • Penrose; the growth of firms is connected with the attempts  of human beings to do something." "There are important administrative restraints on the speed of the firm's growth. Human resources required for the management of change are tied to the individual firm and so are internally scarce. Expansion requires the recruitment of more such resources. New recruits cannot become fully effective overnight. The growth process is, therefore, dynamically constrained
  • Compared to managers who are relatively new to a firm, managers with tacit knowledge of the firm‘s capabilities and organizational routines may envision a superior ―subjective productive opportunity set for the firm

  • Can experience be transferred according to Penrose? Can knowledge?
    ―Experience produces increased knowledge about things and contributes 
    to ‗objective‘ knowledge in so far as its results can be transmitted to 
    others. But experience itself can never be transmitted; it produces a 
    change – frequently a subtle change – in individuals and cannot be 
    separated from them

  • Managerial capability is the binding constraint that limits the 
    growth rate of the firm the so-called Penrose effect
  • what is a functional organizational structure?
    A functional organizational structure is a structure that consists of activities such as coordination, supervision and task allocation
    specialist but slow to react due to rigid communication
    best suited as a producer of standardized goods and services at large volume and low cost

  • divisional structure
    delegated authority to measure performance, high employee morale, efficient in coordinating work, flexible, also to change size of business, also specialization
    unhealthy rivalries, so need qualified managers, divisional goals instead of organizational goals
  • matrix structure
    functional and business specialization
    more horizontal communication
    more managers per employee
  • What is an organizational structure?

    formal regulation of rules regarding controls, functions, etc.

Read the full summary
This summary. +380.000 other summaries. A unique study tool. A rehearsal system for this summary. Studycoaching with videos.