management

Scott, the sales and marketing manager, says that Modern-Shed is insulated from what's going on in the general marketplace. Part of the reason for this is Modern-Shed's structure. By using avirtual network structure, Modern-Shed is able to:

Easily expand and contract the company without assuming increased financial risk

An organization which prides itself on efficiency and stability should have

a mechanistic structure.

As an organization becomes more mechanistic, its decision making becomes

centralized

As companies grow, they must find ways to coordinate the work of various departments so that they can collaborate on achieving company goals.

coordinate,collaborate

Employees make greater use of their skills and enjoy more opportunities for professional development in a organization.

decentralized

A trend in business today is to authority and responsibility to the lowest level possible in the organization; this frees up time for upper management to focus on strategic issues.

delegate

Continuous process production companies are typically centralized, and managers have a span of control

less and small

Suppose that you were running an engineering company. You want to assign employees to particular engineering projects, but you also want someone who knows about their functional area to supervise them. What kind of work structure would you choose?

matrix

As an organization becomes more mechanistic, its span of management becomes

narrower

You would study a business's to see a visual representation of its vertical structure, including the chain of command.

organization chart

This person helps to coordinate the work of groups, but no one in the group reports directly to them.

project manager

In which of the following organizational structures do central managers have the LEAST amount of control over the work that is done?

virtual network

When you examine the organizational chart of a , you find that managers have wide spans of control and fewer layers of reporting relationships between frontline supervisors and senior executives.

flat structure

A single-use plan is a type of operational plan for a course of action that is not likely to be repeated in the future.

A single-use plan is a type of operational plan for a course of action that is not likely to be repeated in the future.

A single-use plan with a short time frame would be classified as a project

A single-use plan with a short time frame would be classified as a project

The first step in creating a plan is to develop the plan. This includes setting plan goals and managing goal conflict.

Acquire 5 new Asian financial technical firms by June, 2030.

Suppose that Markus Braun wanted to have Wirecard be worth 5 billion euros by the end of 2022. He wants to create a plan to accomplish this outcome. What should be his first step in creating that plan?

Develop the plan.

This organizational structure is also known as an M-form or decentralized structure.

Divisional

What are the disadvantages of Modern-Shed's current organizational structure? Check all that apply.

External companies have access to proprietary information about Modern-Shed products. The employees who are putting up the structures may not feel a sense of loyalty to Modern-Shed. Ryan may find it difficult to maintain control over how his sheds are sold and installed.

Which of the following are advantages of management by objectives? Check all that apply.

Goals are more likely to be achieved because management and employees focus their efforts on doing so. It aligns individual and departmental goals with company goals.

Select the best goal.

I will hire three new salespeople prior to our next product release.

Select the best goal. Our division will increase profits by 10% by the end of 2023.

Select the best goal. Our division will increase profits by 10% by the end of 2023.

Suppose that Markus Braun has a set of steps that Wirecard takes each time they acquire a new company. This standing plan is known as a standard operating procedure .

Suppose that Markus Braun has a set of steps that Wirecard takes each time they acquire a new company. This standing plan is known as a standard operating procedure .

Suppose that Markus Braun wanted to have Wirecard be worth 5 billion euros by the end of 2022. This would be a strategic goal .

Suppose that Markus Braun wanted to have Wirecard be worth 5 billion euros by the end of 2022. This would be a strategic goal .

Which of the following is a limitation of the planning process at Wirecard? Check all that apply.

Employees may find that the pressure created by goals is too much for them to handle. Goals and plans can derail innovation and creativity.