Worldwide Functional Managers Are Frequently Promoted into Their Positions After

question 15

Essay

Worldwide functional managers are frequently promoted into their positions after having demonstrated functional knowledge that is highly specialized,such as technological capability,marketing expertise or manufacturing know-how,to name a few.This promotion requires that functional managers evolve from secondary staff roles to take active roles in transnational management.While the tasks facing worldwide functional managers will vary widely by specific function,the core roles and responsibilities that all worldwide functional managers should be expected to fulfill are more predictable.Discuss the three core roles and responsibilities,explaining why they are integral to the success of the modern transnational organization.Provide examples to illustrate these roles and responsibilities.

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Definitions:

Standard Error of Estimate

A measure of the accuracy of predictions made with a regression line, indicating the typical distance that the observed values fall from the regression line.

Coefficient of Determination

A statistical measure represented by R-squared, indicating the proportion of the variance in the dependent variable predictable from the independent variable(s).

Unexplained Variation

The portion of the total variation in a set of data that cannot be attributed to the variables considered in a study or model.

Unbiased Estimator

A statistic used to estimate a parameter of a population that, on average, exactly equals the true parameter.