MGT 301 – CHAPTER 2 QUESTIONS AND ANSWERS.

MGT 301 – CHAPTER 2 QUESTIONS AND ANSWERS. Apple's _____________________ includes competitors like Samsung and the economic climate in different parts of the world. - CORRECT ANSWER-external environment Miller and Anheuser Busch are __________________, and their ads contrasting their respective Bud Light and Miller Lite brands of beer have been very entertaining. - CORRECT ANSWER-competitors Go Lite, a maker of outdoor gear, integrates the_______________________ into its mission, which is to offset 100 percent of its environment footprint. - CORRECT ANSWER-Natural dimension Oil seeping into pelican nesting grounds, which will place the brown pelican back on the endangered species list - CORRECT ANSWER-General Environment Dimension: Natural President Barack Obama's placing a six-month moratorium on offshore drilling - CORRECT ANSWER-General Environment Dimension: Legal-political BP stock prices falling 25% during the first month after the oil spill - CORRECT ANSWER-General Environment Dimension: Economic For decades, three major television networks dominated news and entertainment. Today's increasing fragmentation of the media market along the lines of audience and technology is __________________________that poses an opportunity for some media companies. - CORRECT ANSWER-a strategic issue Ford Motor Company and Russian auto maker Sollers formed a ______________________ , Ford-Sollers, to manufacture and sell Ford vehicles in Russia, with both companies having a 50 percent equity stake. - CORRECT ANSWER-joint venture Supermarket chains Kroger, Albertsons, and Safeway banded together to negotiate with labor unions. - CORRECT ANSWER-Interorganizational partnerships Harley-Davidson hires an outside research firm to search through massive amounts of data to reveal patterns that help decipher and predict competitors' actions - CORRECT ANSWER-Boundary spanning roles Wells Fargo combined with Wachovia to form the nation's fourth largest banking corporation. - CORRECT ANSWER-Mergers Panasonic partnered with DirecTV to bring 3-D television shows into people's homes. - CORRECT ANSWER-Joint ventures To be effective, an organization's culture must_____________the external environment. - CORRECT ANSWER-match Which of the following statements are true about organizational culture? Check all that apply. - CORRECT ANSWER-Culture can create a competitive advantage for a company. Employees may be unaware of the underlying assumptions that guide an organization's culture. The actions managers take can change a company's culture. At the Wedge Natural Co-op in Minneapolis, employees talked about how the long-time general manager had fired almost the entire staff when he took over because they did not show the work ethic he required. This ________________ reinforced the idea that, though it had grown out of the hippie culture of the 1970s, the food co-op was a serious business that delivered great customer service and made money