Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
D080
Unit 4 - modules 7-9
| Question | Answer |
|---|---|
| organizational structure | the formal way a company divides labor, groups employees, and assigns reponsibilies |
| conglomerates | large corporations made up of several combined companies, often formed through mergers and takeovers |
| subsidiaries | companies completely owned or controlled by a parent company |
| division of labor | diving organization activities into smaller tasks |
| organizational chart | a visual map of the roles and relationships within an organization and how functions and responsibilities are divided |
| vertical and horizontal linkages | lines on an organizational chart showing the relationship within an organization |
| unity of command | one employee should only report to one person |
| departmentalization | grouping a business's people, task, and resources into units |
| functional departmentalization | organizing a company's people, task, and resources based on business functions such as marketing, production and sales |
| product departmentalization | organizing a company's people, task, and resource based on goods or services |
| market departmentalization | organizing a company's people, task, and resources based on the type of customer served |
| geographic departmentalization | organizing a company's people, task, and resources based on a geographic region |
| tall structures | organization structures with many levels |
| flat structures | organizational structures with few layers |
| Multinational Corporation (MNC) | A company that operates in two or more countries |
| value chain | the process by which a company adds value to product, such as production, marketing, and service |
| specific strategic business unit (SBU) | An independent division within a large company with responsibility for specific products or activities |
| centralization | the degree to which decision-making authority is concentrated at higher levels in an organization and business functions controlled in a central location |
| centralized companies | companies with structures that limit decision-making to higher levels in the organizational hierachy |
| decentralized companies | companies with structures that distribute the authority to make decisions to lower levels of employees who are closer to the problem |
| global integration | the degree to which a company is able to use the same products and methods in multiple countries |
| local responsiveness | the degree to which a company must customize its products and methods to meet the conditions in other countries |
| export strategy | an international commerce strategy that focuses on shipping domestic products to other countries |
| standardization stategy | a strategy for international commerce that does not customize products for local markets |
| multi domestic strategy | a strategy of international commerce that customizes products to each country |
| transnational strategy | an international strategy that combines the aspect of standardization and multidomestic strategies |
| standardization | the process of making everything conform to expectations and guidelines for consistency |
| brand | a type of product made by a particular company under a particular name |
| economies of scale | a proportionate savings in cost gained by an increased level of production |
| product adaption | the process of changing a product in some way so it is more acceptable or desirable in a particular market |
| glocalization | the process of adapting to local markets while maintaining a global identity |
| exporting | sending goods to another country to sell |
| licensing | a type of contract that allows one party to use another's property as their own without paying royalties for a designated length of time |
| franchising | a system where a business grants an entrepreneur the right to use their products, names, and processes in exchange for a percentage of the profits |
| strategic alliances | an agreement between two companies to cooperate on a mutually beneficial project |
| greefield ventures | a new business built where no prior business existed, either physically or metaphorically or both |
| distributor | someone who supplies goods to businesses |
| licensor | a person or company who owns a product but provides it to someone else as part of an agreement |
| licensee | a person or company who has entered into an agreement with someone to use their product or service for a specified period of time |
| due diligence | the reasonable steps or research necessary before making an informed decision or evaluation |
| strategic plan | a formal agreement on priorities, focus or goals |
| guanxi (guan-shi) | concept in China that describes a connection based on receiprocity |
| ethnocentrism | the belief that one's own culture is most important |
| subsidiaries | companies completely owned or controlled by a parent company |
| training | a focused educational program with a specific goal |
| primary sources | original information that could be first hand accounts, raw data, or artifacts |
| secondary sources | information that has been passed on from an original source or interpreted |
| human resources (HR) management (HRM) | department within an organization responsible for employment issues |
| ethocentric | HR strategy of hiring only people from the home country for key position in foreign subsidiaries |
| polycentric | HR strategy that gives local hiring control to foreign subsideriaries |
| Geocentric | HR strategy that takes a whole world view of the company, hiring the best people for positions regardless of location |
| repatriation | the process of transitioning employees back to their home countries |
| performance evaluations | formal processes for evaluating an employee |
| compensation | what an employee is paid in exchange for work |
Created by:
mmedearis
Popular Management sets