MGMT EXAM 4

Which of the following refers to the scenario when an organization concentrates resources in only a one or very few locations, or only a few individuals are authorized to make decisions about the use of resources? - Command-and-control - Formalization - Centralization - Span of control - Specialization

Centralization

Which change model argues that an organization is constantly developing and adapting to its environment, much like a living organism? Lewin's Change Model Kotter's Change Model Appreciative Inquiry (AI) model Complex Adaptive Systems Bureaucratic model

Complex Adaptive Systems

Garden Tools, Inc. (GTI) offers customers its product or service at a lower price than its rivals can. GTI can be described as utilizing which of the following strategy? Global strategy Regional strategy Local strategy Differentiation strategy Cost-leadership strategy

Cost-leadership strategy

_____ refers to factors that prevent new firms from successfully competing in the industry. Generic strategies Barriers to entry Threat of substitutes Supplier power Employee Power

Barriers to entry

Which of these is the process of planning and implementing actions that will lead to success in competition? - Capabilities - Resources - Switching costs - Value chain - Strategy

Strategy

ABC Products is described as having a _______ when it successfully attracts more customers, earns more profit, or returns more value to its shareholders than rival firms do. competitive advantage strategic positioning value chain differentiation strategy cost-leadership strategy

competitive advantage

At _____ stage of the organizational life cycle, it becomes appropriate that many organizations have to be reorganized or restructured to achieve higher levels of coordination between and among different groups or subunits. entrepreneurship survival and early success sustained success maturity renewal

renewal

Weber proposed all of these elements of bureaucracy that serve as a foundation for determining an appropriate structure EXCEPT: structural change. formalization. centralization. span of control. specialization.

structural change.

In the context of Porter's model, a(n) ____ is any other product or service that can satisfy the same need for a customer as an industry's offerings. rivalry new entrant substitute competitive product employee skill

substitute

Intellectual property rights are part of which element of PESTEL? Political Economic Sociocultural Legal Environmental

Legal

Which of these represents the final step in Kotter's Change Model? - Create a vision of change - Remove any obstacles - Establish a sense of urgency - Create small wins - Anchor the changes

Anchor the changes

Which of the following model of change proposed the sequence of "Unfreeze, Move, Refreeze"? - Lewin's Change Model - Kotter's Change Model - Appreciative Inquiry (AI) model - Complex Adaptive Systems - Bureaucratic model

Lewin's Change Model

"O" in VRIO refers to which of these? Object Official Open Organization Occupation

Organization

Which of the following represents the label for a field that specializes in change management? Level of organization Organizational design Organizational change Organizational development Complex adaptive systems

Organizational development

Which term describes a system for accomplishing and connecting the activities that occur within a work organization? Organizational structure Organizational design Organizational change Organizational development Complex adaptive systems

Organizational structure

ABC Products is interested in understanding if new firms were coming into their market. ABC should use which of the following strategic analysis tools? - SWOT - Vision and Mission - Resources and Capabilities - PESTEL - Porter's 5 Forces

Porter's 5 Forces

ABC Motors, a car manufacturing company, is organized in four divisions according to the four different models of the vehicle that they produce. Which of the following best describe the structure at ABC Motors? Geographic structure Product structure Matrix structure Vertical structure Flat structure

Product structure

Demographic trends and market diversity are part of which element of PESTEL? Political Economic Sociocultural Legal Environmental

Sociocultural

"S" in SMART Framework refers to which of these? - Sociocultural - Systematic - Strategy - Specific - Stability

Specific

Which of these refers to significant shifts in an organizational system that may cause significant disruption to some underlying aspect of the organization, its processes, or structures? Transformational change Incremental change Culture change Technological change Differentiation change

Transformational change