Exam 3: Managing in a Changing Global Environment

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Economic forces, such as interest rates, are considered to be a specific environmental force.

(True/False)
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The more formal the linkage mechanism, the more control organizations have over each other's behavior.

(True/False)
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Which of the following interorganizational linkage mechanisms allows an organization to minimize transaction costs and to avoid bureaucratic costs?

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The goods and services an organization produces and the customers it serves define its ________.

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In general, organizations like competition because it increases product quality.

(True/False)
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The most informal linkage mechanism for managing symbiotic interdependencies is trust and reputation.

(True/False)
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The ________ is the set of forces surrounding an organization that has the potential to affect the way it operates and its access to scarce resources.

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Which of the following is not a general environment force?

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Developing a good reputation is considered to be a way to manage symbiotic interdependencies.

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Which of the following is not one of the reasons that an environment would be considered poor?

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The airline industry is generally considered to be operating in a stable environment because of a relatively stable customer base.

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Which of the following theories states that an organization must respond to the needs and demands of other organizations in its environment?

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An organization used to obtain supplies from 3,000 suppliers, but now deals with less than 300. They have reduced ________.

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Which of the following is not an interorganizational strategy for managing symbiotic interdependencies?

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Which term is defined as the strength, number, and interconnectedness of the specific and general forces that an organization has to manage?

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Environments may be poor because:

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Which strategic alliance would be most appropriate for two organizations that operate in a relatively certain environment?

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U.S. companies had not been involved in international trade until the industrial revolution began.

(True/False)
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A(n) ________ is a linkage that results when a director from one company sits on the board of another company.

(Multiple Choice)
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Which linkage mechanism is the most informal?

(Multiple Choice)
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