McDonalds currently owns more than 50 percent of its restaurants.
Royal Dutch Shell PLC and several other companies recently paid a combined $236
million settlement due to allegations that they bribed foreign officials.
Organizations that conduct business operations across national borders are called
international firms or multinational corporations.
ISO, the world’s largest developer of sustainability standards, is legally authorized to
enforce their standards.
The subtle, elusive and largely unconscious forces that shape the workplace are
captured by the organizational culture.
Future shock occurs when the nature, type, and speed of changes overpower an
individual’s or organization’s ability and capacity to adapt.
An external audit focuses on identifying and evaluating trends and events within the
control of management.
Language, culture, and value systems differ among countries, which can create barriers
to communication and problems managing people.
The U.S. Chamber of Commerce is against the accounting switch from GAAP to IFRS,
saying it will cause cross-border commerce to decline.
The controlling function of management is especially important for effective strategy
evaluation.
The cash account is used as the plug figure in projected balance sheets.
When an acquisition or merger is not desired by both parties, it can be called a takeover
or hostile takeover.
When developing an organizational chart, it is not wise to recommend a dual title for
just one executive.
Organizations should prepare contingency plans just for unfavorable events.