Explain the global matrix structure and its advantages and disadvantages.
What will be an ideal response?
A global matrix alleviates the disadvantages associated with both geographic area and global product division structures, especially for multinational enterprises adopting a transnational strategy. Its hallmark is the coordination of responsibilities between product divisions and geographic areas in order to be both cost efficient and locally responsive. In theory, this structure supports the goals of the transnational strategy, but in practice it is often difficult to deliver. The reason is simple: While managers usually find it difficult to deal with one boss, they do not appreciate having two bosses who are often in conflict.Despite its merits on paper, the matrix structure may add layers of management, slow down decision speed, and increase costs while not showing significant performance improvement. There is no conclusive evidence for the superiority of the matrix structure.
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Which of the following is a discount retailer owned by a manufacturer that provides the manufacturer a store to sell off defective merchandise?
A) a specialty store B) a factory outlet store C) a department store D) a general merchandise discount store E) a warehouse club
Which of the following statements is NOT true about a flexible manufacturing system (FMS)
a. is often used in plants organized for cellular manufacturing. b. it is best suited for companies that produce high volume, low price products. c. it minimizes the time required to set up for production. d. all of the above statements are true.
Accounts payable are spontaneous secured sources of short-term financing that arise from the normal operations of a firm
Indicate whether the statement is true or false
What provides control and visibility to the status of individual items maintained in inventory?
A. Inventory management and control software. B. Global inventory management system. C. Transportation planning system. D. Distribution management software.