The design of the organization will be the entrepreneur's formal and explicit indication to the members of the organization as to what is expected of them. Typically these expectations can be grouped into five areas, identify and describe them.
What will be an ideal response?
A. Organization structure. This defines members' jobs and the communication and relationship these jobs have with each other. These relationships are depicted in an organization chart.
B. Planning, measurement, and evaluation schemes. All organization activities should reflect the goals and objectives that underlie the venture's existence. The entrepreneur must spell out how these goals will be achieved (plans), how they will be measured, and how they will be evaluated.
C. Rewards. Members of an organization will require rewards in the form of promotions, bonuses, praise, and so on. The entrepreneur or other key managers will need to be responsible for these rewards.
D. Selection criteria. The entrepreneur will need to determine a set of guidelines for selecting individuals for each position.
E. Training. Training, on or off the job, must be specified. This training may be in the form of formal education or learning skills.
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With regard to how people use time and their expectations of how it should be managed, members of which type of culture value efficient production and fast results?
a. individualistic b. collectivist c. long-term orientation d. short-term orientation
The government uses a system called NAICS to classify North American business establishments. NAICS stands for:
A. Non-American Industry Classification System B. North and South American Institutional Coding Services C. Non-American Industrial Corporation System D. North American Institution Code System E. North American Industry Classification System
Describe what is meant by participative budgeting and give an example of a benefit and a drawback.
What will be an ideal response?
Do not use a comma to separate two unrelated numbers that are beside each other in a sentence
Indicate whether the statement is true or false