Exam 7: Entrepreneurship and Forms of Business Ownership

Competitive Emphasis refers to the degree of entrepreneurship which is embedded into the organization.

The ability to create a more efficient and effective structure,and create stronger customer relationships,can result in a functional advantage in the marketplace.

relating to organizational successes and achievement of performance benchmarks.

Restructuring an organization can be in response to competitive pressure.

Operational Processes and Market Support & Alignment is considered to be a cornerstones to the structural foundation of a business,how it operates,and how its tactical execution is tied to its strategic plan.

Span of control refers to the number of subordinates a manager will have reporting to him or her.

_______________ refer to those functions that an organization does as well as,or better than,any other organization in the world.

Which of the following is NOT one of the five key dimensions in Geert Hofstede's Cultural Dimensions Model?

Briefly explain what a Value Chain is?

The key,with respect to this cultural framework,is to try and develop a culture which passionately pursues the facilitation of the vision and the mission of the organization.

Span of control is often referred to as the "Chain of Command".

What are considered to be the cornerstones to the structural foundation of a business,how it operates,and how its tactical execution is tied to its strategic plan?

Culture relates to the formal framework around which tasks are organized and responsibilities allocated within an organization.

Customer intimacy is one of the building blocks that the reorganization of a business' structure generally focuses on?

Many organizations have a tendency to follow a generalized structure development path as they flow through their life cycles.

Risk Allowance is one of the five key dimensions in Geert Hofstede's Cultural Dimensions Model?

"What is the best structure?" is one of the key questions that managers should take into consideration when developing the organization's framework?

The goal of any restructuring initiative should be to increase the liquidity and the long-term health of the organization.

A Customer organizational structure takes into consideration that individuals will have specific expertise related to defined departmental areas.

Restructuring involves relatively minor changes to an organization to better meet the needs of management.