Description

Test Bank for Management Leading and Collaborating in a Competitive World 10th Edition Bateman

Chapter 1

1. The reason that companies fail is nearly always a change in the environment.
True False

2. Managers succeed by focusing on fundamentals and knowing what’s important.

True False
3. The four key elements that make the current business environment different from the past
include globalization, technological change, the importance of knowledge and ideas, and
collaboration across organizational “boundaries.”
True False

4. A global company can be headquartered anywhere, but the managers all come from the United
States. True False

5. Until recently the move to globalization was growing very quickly. Now the change from local
to global has leveled off and countries are pushing back in favor of localization.
True False

6. Globalization affects only large companies with operations overseas.

True False
7. Technology has had only positive effects in the workplace, due to the tremendous
opportunities it presents.
True False

8. It can be said that technology both complicates things and creates new opportunities.

True False
9. Most social networking sites, part of a wave of “Web 2.0” changes occurring the last 10
years, are now stable and profitable.
True False

10. Knowledge management is a set of practices aimed at discovering and harnessing the
competition’s intellectual resources.
True False

11. The most precious resources of an organization are people’s expertise, skills, wisdom, and
relationships.
True False

12. Effective collaboration can occur within but not between organizations. True False
13. Customers can be effectively involved in company decisions, especially when it comes to areas
like new product development.
True False

14. The key to company success is how transformative a product will be to society as a whole or to
the industry in which a company operates.
True False

15. The fundamental success drivers for an organization are individuality, identifiability, cost
competitiveness, and growth.
True False