Vocab Ch 11 Crossword
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
 
 
Down: 2) The totality of a firm's organization, including formal organizational structure, control systems and incentives, organizational culture, processes, and people.4) The various value creation activities a firm undertakes.6) Attempt to simultaneously achieve low costs through location economies, economies of scale, and learning effects while also differentiating product offering across geographic markets to account for local differences and fostering a multidirectional flow of skills between different subsidiaries in the firm's global network of operations.7) The devices used to reward appropriate managerial behavior.9) The manner in which decisions are made and work is performed within an organization.10) Cooperative agreements between two or more firms.13) Actions managers take to attain the firm's goals.15) Performing activities that increase the value of goods or services to consumers.16) A ratio or rate of return concept, calculated by dividing the net profits of the firm by total invested capital. Across: 1) The three-part structure of an organization, including its formal division into subunits such as product divisions, its location of decision-making responsibilities within that structure, and the establishment of integrating mechanisms to coordinate the activities of subunits.3) The metrics used to measure the performance of subunits and make judgments about how well managers are running those subunits.5) Trying to create value by taking products first produced for the domestic market and selling them internationally with only minimal local customization.8) Cost savings from learning by doing.11) Cost advantages associated with large-scale production.12) Cost advantages from performing a value creation activity in the optimal location for that activity.14) Increasing profitability by customizing the firm's goods or services so that they provide a good match to tastes and preferences in different national markets.17) When different stages of the value chain are dispersed to those locations around the globe where value added is maximized or where costs of value creation are minimized.18) A firm focuses on increasing profitability and profit growth by reaping the cost reductions that come from economies of scale, learning effects, and location economies.19) A firm's skills that competitors cannot easily match or imitate.20) Systematic production cost reductions that occur over the life of a product.21) The percentage increase in net profits over time.22) The norms and value systems shared among an organization's employees.23) Needs that are the same all over the world, such as steel, bulk chemicals, and industrial electronics.24) The employees of an organization, its recruiting, compensation, and retention strategies, and the type of people who work at the organization.
 

 

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