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Strategic Considerations and Operational Decisions for Global Market Expansion

Covers strategies and operational decisions for expanding into global markets.

Violet Stevens
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Strategic Considerations and Operational Decisions for Global MarketExpansionConditions for expanding into the global market include all except:All of the aboveThe three strategic capabilities that are necessary for the development of aglobal operations strategy are _____ efficiency and competitiveness, _____ responsiveness and flexibility, and _____ capacityto leverage on a worldwidebasis.Global-scaleNational-levelCross-marketKaizen is a management technique that historically involves several incremental improvements that process rather than a single overpowering improvement or change.TrueThe three aspects which are especially important to international expansion are location, timing, and human resources.FalseThe process of global operations management requires making a number of inner-related decisions regarding all of the following exceptThe logistical flow of information and energy and product distributionIdentify, by checking the letters, the basic, essential steps when considering global expansion.Evaluate and select methods of distributing products overseasSecure government and private sources of financingLearn how to set prices, negotiate deals, and navigation the legal morass of exportingPackage and label products to comply with legal requirements of the target nation's marketConduct foreign market research and identify international marketsCreate an international business planThe signs that a global business is experiencing inventory problems include all of the following exceptScrap, rework, and cycle times increase due to overproductionThe overall success of the business is dependent upon the _____ and _____ of every function within the production process.efficiencyeffectivenessThe three major principles of Total Quality Management are Customer Focus, Participation and Teamwork, Continuous Improvementand Learning.True

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