How have organizations evolved into horizontal silos over the years? What impact does this have on information sharing?
What will be an ideal response?
The idea of breaking up the business into horizontal silos goes back to the early 1900s. This was when a researcher first divided up a business into five basic areas; planning, organizing, coordinating, commanding and controlling. This later evolved into the functional areas or departments that we use today; i.e. Accounting, HR, Marketing, Finance, and Management. This way tasks could be broken down into smaller, more manageable tasks and assigned to specific people who would be held responsible for them. However, this focus on smaller tasks and individuals led to the development of specific information systems to support them. These systems were not designed with sharing in mind since the organization as a whole was not as concerned with this. So sharing information was especially difficult since there was little support for the "process view" of the organization.
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Manny, Moe, and Jack are hunters. In 1990 they discovered what appeared to be a deserted hunting lodge in the woods. The lodge had no indoor plumbing, no running water, and no heating system other than a fireplace. The building is a 1-mile hike from the nearest road. Every year since 1990, they have returned to the lodge and used it as a base during the deer and elk hunting seasons in the fall and winter months. They spend a total of six weeks per year using the lodge. They have cleaned, cut, and stacked firewood and even stored clothing inside the lodge when they were not there. The owner of the lodge had noticed the stacked firewood but had not traveled to the lodge during hunting season to find out who was using the property even though he was disturbed that the property was being used
without his permission. After the statutory period has run, have Manny, Moe, and Jack acquired title to the property? What will be an ideal response?
An investor purchased 500 shares of common stock, $25 par, for $19,250 . Subsequently, 100 shares were sold for $35 per share. What is the amount of gain or loss on the sale?
a. $3,500 gain b. $350 gain c. $350 loss d. $500 gain
The entry required to recognize the bad debts expense for 2016 will act to:
a. Increase total assets and retained earnings b. Decrease total assets and retained earnings c. Decrease total assets and increase net income d. Increase total assets and decrease net income
How can wholesalers improve their use of promotions?
What will be an ideal response?