Exam 6: Organization Structure and Management Systems: the Fundamentals of Strategy Implementation

Jamie Dimon's comment, "I'd rather have first-rate execution and second-rate strategy anytime than brilliant ideas and mediocre management" reflects the view that strategy implementation is more important than strategy formulation.

In determining how to group the employees into organizational units, the intensity with which they need to collaborate with one another is less important than the need for social harmony.

According to Henry Mintzberg, organizational structure can be defined as:

Organic organizational forms are preferable to mechanistic organizational forms:

The main reason that most entrepreneurial start-up companies adopt a formalized process of strategic planning processes at some stage of their development is:

The tendency for societies to revert to subsistence economies when the fabric of civilization breaks down is because:

A fundamental task of organization is to manage:

Rules and directives, mutual adjustment, and routines are:

The rigidities of hierarchical control have resulted in most business enterprises no longer being organized as hierarchies.

The pioneers of the multidivisional structure were:

Linking medium-term strategic planning to annual operating plans and an operating budget is undesirable since it encourages short-term thinking.

The comment, "Brilliant strategy; lousy implementation" confirms the essential fact that strategy formulation and strategy implementation are distinct, separable activities.

Contingency theory advocates that the best organizational design is one that can respond to multiple contingencies.

The "agency problem" refers to:

.In doubles tennis, the main mechanism through which the players coordinate their actions is:

Firm and markets represent the two primary modes of economic organization in the capitalist economy.

Organic structures are superior to mechanistic structures.

Large corporations with matrix structures where control is shared among different organizational dimensions have experienced:

The success of the multidivisional structure as an organizational form was because:

The creation of business enterprises where a head office managed geographically-separate operational units was facilitated by: