Mg 302 exam 2 discussion questions

Define outsourcing and the three common market entry strategies: exporting, licensing, and direct investing.
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Define outsourcing and the three common market entry strategies: exporting, licensing, and direct investing.
outsourcing: Engaging in the international division of labor so as to obtain the cheapest sources of labor and supplies regardless of country; also called offshoring. exporting: supplies come from within ones nation. Licensing: one country makes certain resources available to companies in another. direct investing: managing its production facilities in a foreign country
Globalization and borderless world
Actions or processes that involve the entire world and result in making something worldwide in scope. It is creating a borderless world because it presents threats and opportunities from around every single corner potentially.
Explain the value of creativity, a bottom-up approach, internal contests, idea incubators, idea champions, and new-venture teams for innovation.
creativity: the generation of novel ideas that may meet perceived needs or respond to opportunities for the organization.
bottom-up approach: using an American Idol-style contest to encourage employee ideas for new services at the giant accounting and consulting firms.
idea incubator: an organizational program that provides a safe harbor where employees can generate and develop ideas without interference from company bureaucracy or politics.
idea champion: a person who sees the need for change and is passionately committed to making it happen.
new venture team: a unit senate from the mainstream organization that is responsible for initiating and developing innovations
Discuss organizational change and identify some reasons why people frequently resist change.
the adoption of a new idea or behavior by an organization. It threatens job security, fear of failure, distrust of a new work environment, and fear of the unknown.
Describe the contemporary team and virtual network structures and why they are being adopted by organizations.
popular contemporary team approaches to departmentalization include team and virtual network structures. It creates an easy environment for cross functional teams. structure in which the entire organization is made up of horizontal teams that coordinate their activities and work directly with customers to accomplish organizational goals.
Explain the matrix approach to structure and its application to both domestic and international organizations.
The matrix structure uses functional and divisional chains of command simultaneously. The matrix approach to structure provides a formal chain of command for both the functional and divisional relationships. Global corporations often use the matrix structure. The problem for global companies is to achieve simultaneous coordination of various products within each country or region and for each product line. The two lines of authority in the matrix provides excellent simultaneous coordination.
Describe the ideal, rational model of decision making and the political model of decision making.
rational: A logical, multi-step model for choosing between alternatives that follows an orderly path from problem identification through solution.
political: this model assumes that the influence of pressure groups is not great, and concentrates on the link between politicians and voters.
Discuss the major differences between programmed decision making and non-programmed decision making
Programmed decisions are those that are based on criteria that are well understood, while nonprogrammed decisions are novel and lack clear guidelines for reaching a solution
Define and explain crisis management
Crisis management is the process by which an organization deals with a disruptive and unexpected event that threatens to harm the organization or its stakeholders. The study of crisis management originated with large-scale industrial and environmental disasters in the 1980s
Discuss the benefits and limitations of planning.
Planning provides a guide for action. Plans can direct everyone's actions toward desired outcomes. Sets you on a path to achieve goals.
negatives: Internal Inflexibility, External Inflexibility, Planning Does Not Work in a Dynamic Environment, Planning Reduces Creativity: