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Exam 2: The Environment and Corporate Culture

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Question 1

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Adaptability culture emerges in an environment that requires_________ response and_________ decision making.

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Question 2

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The economic dimension of the general environment includes consumer purchasing power.

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B) False

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Question 3

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In the current external business environment, which of the following is true?

Scenario - Melissa Hill Melissa Hill, sales manager for One-Hit-Wonder Record Company, was trying to create a new strategy to turn around the declining record sales the company was facing. Melissa needed to find a way to find out what the customers really wanted, since One-Hit-Wonder didn't have accurate information like the competitors did. It was imperative that she find the correct strategy and information because the company was in financial trouble. The company's President wanted all employees to help find information and work as a team to develop better relationships that might help the company. He also stated that he wanted the company to remain an independent company. Melissa realized that through hard work and team efforts, the company could get back on its feet as soon as they got reliable information. -Melissa will be working primarily with:

The_________ environment includes the sectors that conduct day-to-day transactions within the organization.

Which of the following dimensions of the general environment includes all elements that occur naturally on earth?

The sociocultural dimension of the general environment includes societal norms and values.

Industrial Instruments operates in an environment that requires fast response and high-risk decision making. Which type of culture may be appropriate here?

Jefferson and Squire is an advertising firm that is viewed as having a fast-paced and posh corporate culture. The company uses bold coloring with expensive accents in all office décor. This exemplifies which level of corporate culture?

The _________dimension of the general environment includes federal, state, and local government regulations.

All of the following are types of corporate cultures except:

_________are becoming more popular as organizations strive to keep up with technological advancements and compete in the global economy.

More organizations are requiring all employees to perform boundary-spanning because environmental shifts can happen quickly.

Not having sufficient information about environmental factors to understand and predict environmental needs and changes is called _________.

_________includes all elements existing outside the boundary of the organization that have the potential to affect the organization.

Managers in partnering organizations, given the increasing environmental uncertainty, are shifting from a partnership orientation to an adversarial orientation.

Which of the following best describes One-Hit-Wonder's culture?

The people and organizations in the environment who acquire goods or services from the organization are:

Anyone considering doing business in China, according to Spotlight on Skills in Chapter 2, should keep in mind all of the following rules except _________.

In today's business environment, most companies operate in a stable and rigid environment.