How has the rise in global organizations put pressure on organizations? Name at least three of the five major challenges for managers that are discussed in the text.
What will be an ideal response?
Managers and other employees throughout an organization must perform at higher and higher levels because the world has been changing more rapidly than ever before. The five competitive challenges that students may address are: building a competitive advantage, maintaining ethical standards, managing a diverse workforce, utilizing new information systems and technologies, and practicing global crisis management. In the last 20 years, rivalry between organizations competing domestically (in the same country) and globally (in countries abroad) has increased dramatically. The rise of global organizations, organizations that operate and compete in more than one country, has pressured many organizations to identify better ways to use their resources and improve their performance. Today managers who make no attempt to learn from and adapt to changes in the global environment find themselves reacting rather than innovating, and their organizations often become uncompetitive and fail.
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Total costs consist of the sum of the fixed and variable costs for any given level of production
Indicate whether the statement is true or false
Florals is a popular retail chain specializing in women's lingerie and perfume. It designs and sources its own private-label merchandise that is sold in the store. Therefore, Florals is practicing
A. horizontal integration. B. backward integration. C. channel expansion. D. product diversification. E. scrambled merchandising.
Answer the following statements true (T) or false (F)
1. According to recent research, cash bonuses are more effective motivators than small personalized gifts. 2. Reinforcement theory was initially studied with experiments on rats. 3. Reinforcers always strengthen behavior they follow. 4. Continuous reinforcement schedules are more motivating than partial. 5. Simeon plays the guitar for the joy of it, not because it is required or because he receives an award. This describes extrinsic motivation.
What can you do to curb the selfish tendencies of your leaders?
What will be an ideal response?