While negotiating a contract between an American firm and a Japanese supplier, the Japanese manager responds by saying "yes." The Japanese manager probably meant Select one: O a. no, that's wrong O b. yes, I understand Ocl will think about it O d. yes, I agree
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- Rockwater, a wholly owned subsidiary of Brown & Bread, a global engineering and construction company, is a worldwide leader in underwater engineering and construction. Norman Chambers, hired as CEO in late 2019, knew that the industry’s competitive world had changed dramatically. “In the 1990s, we were a bunch of guys in wet suits diving off barges into the North Sea with burning torches,” Chambers said. But competition in the subsea contracting business had become keener in the 2000s, and many smaller companies left the industry. In addition, the focus of competition had shifted. Several leading oil companies wanted to develop long-term partnerships with their suppliers rather than choose suppliers based on low-price competition. With his senior management team, Chambers developed a vision: “As our customers’ preferred provider, we shall be the industry leader in providing the highest standards of safety and quality to our clients.” He also developed a strategy to implement the…Rockwater, a wholly owned subsidiary of Brown & Bread, a global engineering and constructioncompany, is a worldwide leader in underwater engineering and construction. Norman Chambers,hired as CEO in late 2019, knew that the industry’s competitive world had changed dramatically.“In the 1990s, we were a bunch of guys in wet suits diving off barges into the North Sea withburning torches,” Chambers said. But competition in the subsea contracting business had becomekeener in the 2000s, and many smaller companies left the industry. In addition, the focus ofcompetition had shifted. Several leading oil companies wanted to develop long-term partnershipswith their suppliers rather than choose suppliers based on low-price competition.With his senior management team, Chambers developed a vision: “As our customers’ preferredprovider, we shall be the industry leader in providing the highest standards of safety and quality toour clients.” He also developed a strategy to implement the vision. The…Q2. Groups and teams Q.2. 1 Think of an imaginary organization where you are the Managing Director. Briefly (!) describe this organization. Q.2.2 Your company is facing a market situation influenced by some of the current events, e.g., COVID19 pandemic, Omanization, etc. Briefly (!) describe this situation. Note 1: The answers to Q2.1 and Q 2.2 should provide the background only. Most (at least 80%) of your answer to Q.2 should address Q2.3 including Q2.3.1 to 2.3.4. Q.2.3 You decide to create a cross-functional matrix team to respond to this situation. Q.2.3.1 Indicate who should be on this important cross-functional team, and explain why. Q.2.3.2 Describe the goals that the team should strive to achieve. Q.2.3.3 Describe the different roles that will need to be performed by this team and justify why. Q.2.3.4 Describe the steps you will take to ensure that the team has a good balance between conformity and deviance and has a moderate level of cohesiveness. Note 2: Your answers…
- 2 Dhofar Company operates in the equipment manufacturing industry and produces some office equipment. The company purchases its raw materials from a single company and there is no other company selling those raw materials. Which of the following best describes this situation in Five Forces Models? Select one: a. Rivalry among Existing companies is high b. None of the Above c. Threat of Substitutes is high because customers may change to other products. d. Bargaining Power of Suppliers is high because there is only one supplierBulldogs Inc. wants to enter the global market. Which one may not be the reason in such decision? a. Essential materials and labor rates may be more expensive in other countries b. To broaden market and increase shareholder value c. production efficiency in other countries may result to economies and synergies that are favorable to the company d. To seek technologies not yet present in the home country1. Strategic alliances are common in international marketing. A great example of strategic alliances would be, the U.S.-based Delta Airlines is in charge of all sales in the U.S. for the KLM Royal Dutch Airlines. Which of the following is true regarding strategic alliances? a. All the other choices are true of strategic alliances b. They share corporate and market goals c. They involve two or more companies d. They tend to be non-equity-based alliances 2. efers to the budget method that is based on past or projected sales numbers. a. Historical b. Objective-and-task c. Benchmarking on competitors d. Percent-of-sales
- Global Human Resource Management MMC Cortana Operation It had been a bad morning for Jonathan Reid, the general manager of MMC’s Cortana joint venture. He had just gotten off the telephone with his boss in New York, Phillip Smith, who was demanding to know why the joint venture’s return on investment was still in the low single digits four years after Jonathan had taken over the top post in MMC Cortana’s operations. “We had expected a much better performance by now” Smith said, “particularly given your record of achievement; you need to fix this Jonathan, our patience is not infinite. You know the corporate goal is for a twenty per cent (20%) return on investment for operating units, and your unit is not even close to that”. Jonathan felt his boss had just issued a subtle threat, and for the first time in his 20-year career, felt that his job was on the line. MMC is an American multinational electronics enterprise with operations in ten (10) countries and has annual sales of two…Global Human Resource Management MMC Cortana Operation It had been a bad morning for Jonathan Reid, the general manager of MMC’s Cortana joint venture. He had just gotten off the telephone with his boss in New York, Phillip Smith, who was demanding to know why the joint venture’s return on investment was still in the low single digits four years after Jonathan had taken over the top post in MMC Cortana’s operations. “We had expected a much better performance by now” Smith said, “particularly given your record of achievement; you need to fix this Jonathan, our patience is not infinite. You know the corporate goal is for a twenty per cent (20%) return on investment for operating units, and your unit is not even close to that”. Jonathan felt his boss had just issued a subtle threat, and for the first time in his 20-year career, felt that his job was on the line. MMC is an American multinational electronics enterprise with operations in ten (10) countries and has annual sales of two…Global Human Resource Management MMC Cortana Operation It had been a bad morning for Jonathan Reid, the general manager of MMC’s Cortana joint venture. He had just gotten off the telephone with his boss in New York, Phillip Smith, who was demanding to know why the joint venture’s return on investment was still in the low single digits four years after Jonathan had taken over the top post in MMC Cortana’s operations. “We had expected a much better performance by now” Smith said, “particularly given your record of achievement; you need to fix this Jonathan, our patience is not infinite. You know the corporate goal is for a twenty per cent (20%) return on investment for operating units, and your unit is not even close to that”. Jonathan felt his boss had just issued a subtle threat, and for the first time in his 20-year career, felt that his job was on the line. MMC is an American multinational electronics enterprise with operations in ten (10) countries and has annual sales of two…
- REFER TO IMAGE 1. a, b, and c represent possible outcomes of NAFTA re-negotiations. Which of these outcomes is both within the win set and Pareto-optimal? a b c All of the above None of the above 2. In the previous question, which of the following best describes the policy changes resulting from NAFTA re-negotiation? a. Both US and Mexican tariffs fall b. Both US and Mexican tariffs rise c. US tariffs rise and Mexican tariffs fall d. US tariffs fall and Mexican tariffs rise e. Neither US nor Mexican tariffs changeExplain and analysis each point, support with simple example Porter’s 5 forces: 1)Threat of new entrants 2)Rivalry among existing firms 3)Threat of substitute products 4)Bargaining power of buyers 5)Bargaining power of suppliers 6) Relative power of other stakeholders (added)McDonald’s Global Compensation Practices: This feature explores McDonald’s efforts to develop a global compensation and performance appraisal strategy. McDonald’s, which has over 400,000 managers and senior employees working in 118 different countries, wants its new program to provide some standardization of compensation and performance appraisal for the firm, but at the same time, allow subsidiaries to tailor the program to local market conditions. Discussion Questions 1. What does McDonald’s hope to gain from having a global compensation and performance appraisal system in place? 2. How does the compensation and performance appraisal system introduced at McDonald’s allow managers to take local market differences into account? Why is this type of approach important to employees? 3. How does McDonald’s approach help the company to consider local differences when reviewing the performance of different country managers and awarding bonus pay?