The values and priorities of the parent organization guide the strategic decision making of all its international operations.
More from this Section
- Industry Environment
The general conditions for competition that influence all businesses that provide similar products and services.
- Downward communication
Downward communication which is any communication that flows from a manager to employees. It’s used to inform, direct, coordinate,
- Scientific management
Scientific management is an approach that involves using the scientific method to determine the “one best way” for a job to be done.
Outsourcing means having outside vendors supply services that the company’s own employees previously did in-house.
Redesigning an organizational structure with the intent of emphasizing and enabling activities most critical to a firm’s strategy to function at maximum effectiveness .
- Bounded rationality
Bounded rationality is a decision making that’s rational but limited (bounded) by an individual’s ability to process information.
- Operating Environment
Factors in the immediate competitive situation that affect a firm’s success in acquiring needed resources .