Management

Front 1

What 3 countries make up NAFTA

Back 1

United States, Canada, Mexico

Front 2

What does NAFTA stand for?

Back 2

North American Free Trade Agreement

Front 3

What does CAFTA stand for?

Back 3

Central America Free Trade Agreement

Front 4

Contracting with an outside provider to produce one or more of an organization's goods or services

Back 4

Outsourcing

Front 5

Moving work to other Countries

Back 5

Offshoring

Front 6

An economic pact that combined the economies of the US, Canada, and Mexico into one of the world's largest trading blocs

Back 6

NAFTA

Front 7

What are the four organizational Models?

Back 7

Global, Transnational, International, Multinational

Front 8

Views the world as a single market. Operations are controlled centrally from the corporate office. Worldwide operations

Back 8

Global Model

Front 9

Specialized facilities permit local responsiveness. Complex coordination mechanism provide global integration

Back 9

Transnational

Front 10

Uses existing capabilities to expand into foreign markets

Back 10

International

Front 11

Several subsidiaries operating as stand-alone business units in multiple countries. Respond to local conditions

Back 11

Multinational

Front 12

Buys the rights to manufacture a company's product in its own country for a negotiated fee

Back 12

Licensing

Front 13

Company sells limited rights to use its brand name to in return for a lump-sum payment and a share

Back 13

Franchising

Front 14

Sharing of development costs and or risks with the local partner

Back 14

Joint Venture

Front 15

What is a foreign national brought in to work at the parent company?

Back 15

Inpatriate

Front 16

Pursuit of lucrative opportunities by enterprising individuals

Back 16

Entrepreneurship

Front 17

Discovering, evaluating, and capitalizing on opportunities to create new and future goods

Back 17

Entrepreneurship

Front 18

Business having fewer than 100 employees, independently owned and operated, not dominant in its field, and not characterized by many innovative practices

Back 18

Small business

Front 19

New business having growth and high profitability as primary objectives

Back 19

Entrepreneurial venture

Front 20

Individuals who establish a new organization without the benefit of corporate sponsorship

Back 20

Entrepreneur

Front 21

New-venture creators working inside big companies

Back 21

Intrapreneurs

Front 22

Which internet model charges fees to advertise on a site?

Back 22

Advertising support model

Front 23

A __________ is a protected environment for small businesses

Back 23

Business incubator

Front 24

Sale to the public, for the first time, of federally registered and underwritten shares of stock in the company

Back 24

Initial public offering (IPO)

Front 25

The organization is composed of many different units that work on different kinds of tasks, using different skills and work methods

Back 25

Differentiation

Front 26

Fundamentals of organizing include

Back 26

Differentiation and Integration

Front 27

Differentiation includes

Back 27

Division of Labor and Specialization

Front 28

Assignment of different tasks to different people or groups

Back 28

Division of Labor

Front 29

A process in which different individuals and units perform different tasks

Back 29

Specialization

Front 30

The number of subordinates who report directly to an executive or supervisor. Tall, Flat

Back 30

Span of Control

Front 31

Departmentalization around specialized activities such as production, marketing, and human resources

Back 31

Functional organization

Front 32

Organization composed of dual reporting relationships in which some managers report to two superiors--a functional manager and a divisional manager

Back 32

Matrix organization

Front 33

Collection of independent, mostly single-function firms that collaborate on a good or service

Back 33

Network Organization

Front 34

A form of organization that seeks to maximize internal efficiency

Back 34

Mechanistic Organization

Front 35

An organization form that emphasizes flexibility

Back 35

Organic Organization

Front 36

What is a formal relationship created among independent organizations with the purpose of joint pursit of mutual goals

Back 36

Strategic alliance

Front 37

Type of organization in which top managers ensures that there is consensus about the direction in which the business is heading

Back 37

High-Involvement Organization

Front 38

The planned elimination of positions or jobs

Back 38

Downsizing

Front 39

A successful effort to achieve an appropriate size at which the company performs most effectively

Back 39

Rightsizing

Front 40

A multifaceted process focusing on creating two-way exchanges with customers to foster intimate knowledge of their needs, wants, and buying patterns

Back 40

Customer relationship management (CRM)

Front 41

Production of varied, individually customized products at the low cost of standardized, mass produced products

Back 41

Mass customization

Front 42

Formal systems for the management of people within an organization

Back 42

Human resources management

Front 43

A process in which objectives set by a subordinate and a supervisor must be reached within a given time period

Back 43

Management by objectives (MBO)

Front 44

What are the 3 stages of Human Resources

Back 44

Planning, Programming, Evaluating

Front 45

What are the three basic required benefits

Back 45

Unemployment, Social Security, Workers Comp

Front 46

Production of individually customized products at the low cost of mass produced products

Back 46

Mass production

Front 47

Greater complexity and increase bureaucracy and specialized jobs=

Back 47

Very large organization

Front 48

Flexible and does not emphasize conformity

Back 48

Organic Structure

Front 49

Organization with departmentalization that groups around product and customers

Back 49

Divisional

Front 50

Wide span of control builds a narrow organization

Back 50

False

Front 51

What is the Board Of Directors Responsible for?

Back 51

Appointing CEO, Long term/ strategic goals, and ethical conduct

Front 52

If rosanne at xyz delegate responsibility

Back 52

False

Front 53

_____ drives entrepreneurship

Back 53

Economic stand point

Front 54

Skunkworks are project teams

Back 54

True

Front 55

Respond to local conditions

Back 55

multinational

Front 56

What are the two concepts for competing in a global marketplace

Back 56

Global Integration and Global respnsiveness

Front 57

Companies are making investments and overseas operations

Back 57

True

Front 58

Entrepreneurs ______, _________, and ______ opportunity

Back 58

spot, create, and exploit

Front 59

What are the two major liabilities that start up companies have?

Back 59

Newness and Smallness

Front 60

Authority resides in physicians rather than in people

Back 60

True

Front 61

Assignment of new or additional responsibilities to a subordinate

Back 61

Delegation