Chapter 12 - Strategy And Organisation In The International Firm Flashcards Preview

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Flashcards in Chapter 12 - Strategy And Organisation In The International Firm Deck (20)
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1
Q

Strategy

A

A planned set of actions that a manager takes to make best use of a firm’s resources and core competencies in order to gain a competitive advantage

2
Q

Visionary Leadership

A

A quality of senior management that provides superior strategic guidance for managing efficiency, flexibility and learning

3
Q

Organisational Culture

A

The pattern of shared values, behavioural norms, systems, policies and procedures that employees learn and adopt

4
Q

Organisational Processes

A

Managerial routines, behaviours and mechanisms that allow the firm to function as intended

5
Q

Global Team

A

An internationally distributed group of employees charged with a specific problem-solving or best-practice mandate that affects the entire organisation

6
Q

Multi-Domestic Industry

A

An industry in which competition takes place on a country-by-country basis

7
Q

Global Industry

A

An industry in which competition is on a regional or worldwide scale

8
Q

Global Integration

A

Coordination of the firm’s value-chain activities across countries to achieve worldwide efficiency, synergy and cross-fertilisation, in order to take maximum advantage of similarities between countries

9
Q

Local Responsiveness

A

Meeting the specific needs of buyers in individual countries

10
Q

Home Replication Strategy

A

An approach in which the firm views international business as seperate from and secondary to its domestic business

11
Q

Multi-Domestic Strategy

A

An approach to firm internalisation where headquarters delegates considerable autonomy to each country manager, allowing him or her to operate independently and peruse local responsiveness

12
Q

Global Strategy

A

An approach where headquarters seeks substantial control over its country operations to minimise redundancy and achieve maximum efficiency, learning and integration worldwide

13
Q

Transnational Strategy

A

A coordinated approach to internationalisation in which the firm strives to be more responsive to local needs while retaining sufficient central control of operations to ensure efficiency and learning

14
Q

Organisational Structure

A

Reporting relationships inside the firm that specify the links between people, functions and processes

15
Q

Export Department

A

A unit within the firm that is charged with managing the firm’s export operations

16
Q

International Division Structure

A

An organisational design activities are centralised within one division in the firm, seperate from domestic units

17
Q

Geographical Area Structure

A

An organisational design in which management and control are decentralised to the level of individual geographical regions, whose managers are responsible for operations within their region

18
Q

Product Structure

A

An arrangement in which the management of international operations is organised by major product line

19
Q

Functional Structure

A

An arrangement in which management of the firm’s international operations is organised by functional activity (such as marketing or production)

20
Q

Global Matrix Structure

A

An arrangement that blends the geographical area, product and functional structures to leverage the benefits of a purely global strategy while keeping the firm responsive to local needs