Geocentric attitude, a world-oriented view that focuses on using the best approaches and people from around the globe. Managers with this type of attitude have a global view and look for the best approaches and people, regardless of origin.
For instance, the CEO of a fast-growing manufacturer of household accessories is a Chinese immigrant who describes the company’s strategy as “combining Chinese cost with Japanese quality, European design, and American marketing.
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- Foreign subsidiary
A direct investment in a foreign country that involves setting up a separate and independent facility or office is called foreign subsidiary.
A grand strategy that seeks to reap the premium margins associated with creation and customer acceptance of a new product or service.
- Holding company structure
Structure in which the corporate entity is a broad collection of often unrelated business and divisions such that it (the corporate entity) acts as financial overseer “holding” the ownership interest in the various parts of the company, but has little direct managerial involvement.
In an organization, when managers organize, they determine what tasks are to be done, who is to do them, how the tasks are to be grouped, who reports to whom, and where decisions are to be made. We ca
An opportunity is a major favorable situation in a firms environment. Key trends are one source of opportunities.
- Feedback control
Feedback control is the control takes place after the activity is done. For instance, the U.S. coin-manufacturing facility discovered the
- Employee recognition programs
Employee recognition programs that consist of personal attention and expressing interest, approval, and appreciation for a job well done.