Exam 11: Organizational Structure, Systems, and Processes

What is patching, and how is it used in diversified firms operating in dynamic markets?

Penalties should be applied to performance that's unrelated to an organization's strategic objectives.

Culture can usually be adapted to fit the strategy relatively easily and quickly.

A multidivisional structure organizes its activities according to the specific functions that a company performs.

What are some of the positive outcomes associated with strong shared values?

How do people (employees) influence a firm's performance?

Strategists may face both internal and external obstacles.

A strategy is only as good as its execution.

The multidivisional structure can encourage undesirable competition between business units.

The three Cs of strategy communication are ________.

Regardless of the actual formal structure, those firms that foster ________ relationships are more likely to see achievement of desired results beyond what they could normally expect.

Strategic budgets help to determine resource allocation.

Lean manufacturing helps to create an environment where people know what is expected and perform their duties without having to be reminded.

Anything that enables an executive to get leverage to execute change can be considered an implementation lever.

The global configuration allows for much more autonomy in foreign subsidiaries than either the multinational or international models.

A firm's structure should seek a balance between control and the delegation of authority necessary to make timely decisions.

Financial budgets impose a form of outcome control that tends to constrain managers.

Division managers who are paid solely on the basis of business-unit performance may be less likely to share resources with other divisions.

When multinationals have subsidiaries in geographically distant locations, costs and risks increase due to information asymmetry.

Define balanced scorecard.