Exam 7: Entrepreneurship and Forms of Business Ownership

Greenwave Garden Centres is a national chain of discount gardening stores.The top management at Greenwave realizes that different regions in Canada have very different climates and soil conditions,so they give regional managers a great deal of freedom to decide exactly what types of plants,fertilizers,and other items to stock and how to best market these products.Greenwave is an example of a _______________ organization.

Name the four components that when properly designed,aligned,and developed,ensure the successful execution of a business strategy

Control Systems to Manage Strategic Intent relates to the formal framework around which the business system is designed and how such a structure directs and influences collaboration,the exchange of knowledge,the communication of and sharing of ideas,and the work environment surrounding the accomplishment of tasks and the meeting of responsibilities.

An advantage of decentralized authority is that those individuals closest to the customers and more familiar with local conditions make decisions.

Framework for customer connection refers to the need of the organization to fully analyze the type,number,and responsibilities of the various positions and align these to the tasks needed to be completed.

The degree to which an organization allows lower level managers to make decisions determines the degree of decentralization.

____________________ focuses on the processes and initiatives needed to support and direct the product/service transformation process within the organization,the creation of the value proposition applicable to such products/services,and the distribution,marketing,sales,and service in support of these products/services.

Departmentalization by function is a grouping of workers based on similar skills,expertise,or resource use.

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

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

Operational Processes and Market Support & Alignment relates to the formal framework around which the business system is designed and how such a structure directs and influences collaboration,the exchange of knowledge,the communication of and sharing of ideas,and the work environment surrounding the accomplishment of tasks and the meeting of responsibilities.

Framework for customer connection refers to the dividing of the organization's work units into defined functional areas.

Work efficiencies refers to the need of the organization to fully analyze the type,number,and responsibilities of the various positions and align these to the tasks needed to be completed.

Nature of the work refers to the level of responsibility and decision-making authority which is transferred to each specific managerial position.

Which of the following is considered to be an advantage of departmentalization?

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

Span of control refers to the grouping of tasks and the facilitation of the collaborative efforts between departments which must occur within the organization.

________ span of control.

Culture reflects the interactive aspect of the internal processes and procedures which the organization uses to facilitate the completion of tasks and the management of outcomes.

Vaughn Studios organizes its operations by activity,such as production,marketing,accounting,and finance.Vaughn utilizes _____________ departmentalization in order to maximize their efficiency: