Management Test 2

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to make sure employees working on new ideas have the resources to pursue new ideas, a company could establish

new-venture fund

As an organization becomes more organic, its decision making becomes more

decentralized

when you examine the organizational chart of a ______ you find that managers have a wide span of control and fewer layers of reporting relationships between frontline supervisors and senior executives

flat structure

(disadvantage) when a decision requires coordination between two or more units, such as between sales and logistics, it needs to go to the top of the organization and decision making can be slow

functional

(advantage) employees who do a particular type of work such as sales or accounting, have more opportunity to develop in-depth expertise

functional structure

Under what circumstances should i hire more managers so each can have a narrower span of control

when few management support resources, such as technology or people, are in place when tasks are new and few procedures are in place to guide how work should be done

____ is involved when your manager reviews your performance and evaluates your outcomes

Accountability

suppose you are the CEO of a start-up toy manufacturer. You know that if your business is to be successful, you have to create at least 10 wildly different toys in the next three years. Which of the following toy designers should you hire?

Frankie, who has been in the toy business for 10 years and who knows what he's doing, but who always likes testing a new idea Leslie, who is independent and self-confident. She doesn't need people to tell her what to do Malcolm, who loves to play. His last boss says that Malcolm was the "chief kid" in his last office

a company that offers $1000 for the best idea an employee submits each quarter is running an

internal innovaation contest

In new venture teams and skunkworks, managers remove employees from the main body of the company in order to give them:

Additional time, space, and freedom for innovation

LEGO is well known for embracing _____ in its product development. The company partnered with software developers and engineers at MIT to develop their MindStorms product

open innovation

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

organization chart

A human resource generalist has the ___ to advise supervisors on how to handle employee disciplinary actions

staff authority

the launch of a team to prepare the newspaper to go 100 percent online is what kind of initiative

ambidextrous, because a separate part of the company will be dedicated to innovation while the rest of the company will continue business as usual

engaging in innovation requires a looser structure, while implementing new ideas requires a more rigid structure. Organizations can meet both needs by using

an ambidextrous approach

(advantage) because each unit, such as the unit serving New England, is relatively small, it can respond quickly to changes in the business environment

divisional structure

A company has strong ______ if it continuously seeks new ideas from customers and from looks for ways to use new technologies

external coordination

food manufacturers may adapt to changes in markets, technology, or competition with a _____ like replacing artificial ingredients with natural ingredients to offer customers healthier products

product change

In a _____ effort, Hallmark reimagined and redesigned the way in which it brought new cards to market, cutting the time from three years to less than one year

reengineering

In your new job, which of the following should you be prepared for

the ability to bring up issues with the people who can help resolve them a relatively high level of conflict, meaning a lot of time spent in meetings to resolve differences

Federal investors has a _____ which each mutual fund being managed by several portfolio managers who together take responsibility for the fund's performance

team-based structure

manufacturing businesses can be classified according to their _____ or how much they use machinery instead of people to produce goods

technical complexity

employees make greater use of their skills and enjoys more opportunities for professional development in a ___ organization

decentralized

(disadvantage) the accounting department in the Caribbean unit consists of three people, so they do not have the budget for much training and don't interact with a range of colleagues with accounting expertise

divisional

to solve a problem, a manager might establish and lead a temporary ______ of people from different departments. This group would disband once the problem was solved

task force


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