Exam 8: Control, Change, and Entrepreneurship

Ben,the production manager of Pace Shoes,sets a production target of 220 shoes to be distributed among 20 employees in a week.In the context of the control process,Ben is:

List the common problems entrepreneurs have in managing their organizations.

Action Explosives gives specifications to its suppliers of raw materials in an attempt to improve the quality of those raw materials and to minimize and anticipate the problems they are likely to face in the conversion process.This is an example of _____________ control.

The control function is limited to reacting to events in a business,after the events have already occurred.

Adaptive cultures are those whose values and norms help an organization to build momentum and to grow and change as needed to achieve its goals and be effective.

A worker at a motorcycle plant comes up with a new way to attach the fuel injection system to the motor,increasing the efficiency of the assembly process.Always on the lookout for ways to standardize procedures,managers instruct all employees to attach fuel injection systems the same way.If all workers followed the rule to the letter,every car would come off the assembly line with its fuel injection system attached in the new way and there would be no need to check exhaust pipes at the end of the line.The managers of the motorcycle plant are using ___________.

Output control procedures are used at every management level of an organization.

How does organizational culture help managers exert control over subordinates?

Organizational culture is an externally imposed system of constraints on the behavior of the suppliers of an organization.

From the information given below,calculate the organization's return on investment. Total Liabilities = $300,000;Total Assets = $600,000;Gross Margin = $200,000;Net Income Before Taxes = $30,000;Total Expenses = $240,000

Clan control is an internally imposed system of constraints.

In inert cultures,employees often receive rewards directly linked to their performance.

Behavior control is one way managers attempt to motivate workers.Discuss three ways managers could use behavior control with subordinates.

The managers of a division are given a fixed budget and are then evaluated on the basis of their ability to produce goods or services.This is an example of a(n)_____________ budget approach.

The most commonly used financial performance measure in organizations is the debt-to-equity ratio.

Intrapreneurs engage in entrepreneurship within an existing company.

When actions are performed by employees the same way time and time again and the outcomes of their work are predictable,employee behavior is:

When a manager is evaluated on the difference between sales revenue and the budgeted cost of making those goods and services,this is an example of a(n)_____________ budget approach.

An adaptive culture allows the use of organizational structures that empower employees to make decisions and motivate them to succeed.

The control that is imposed on workers within the organization by the shared values,norms,standards of behavior,and expectations is _____________ control.