Identify and briefly discuss/explain three components of structuring a company's work effort to promote successful strategy execution.
What will be an ideal response?
A firm's organizational structure should be matched to the particular requirements of implementing the firm's strategy.
• Decide which value chain activities to perform internally and which ones to outsource
• Align the organizational structure with the strategy
• Decide how much authority to centralize at the top and how much to delegate to down-the-line managers and employees
• Facilitate collaboration with external partners and strategic allies
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Another term for high customer ________ is customer churn
A) retention B) defection C) value D) perception E) belief
Which of the following is NOT one of the more common problems associated with scheduling multiproject resources?
A. Decline in project quality B. Resource bottlenecks C. Delays in one project causing delays in other projects D. Inefficient resource utilization E. Overall schedule slippage
When does a pocket veto occur?
A) when the president does nothing upon receipt of a bill from Congress B) when the president takes no action within 10 days of receiving the bill from Congress and Congress adjourns within those 10 days C) when the president vetoes a bill from Congress during a lame-duck session and the Congress adjourns immediately thereafter D) whenever the president vetoes a bill
Match these types of examples with the relevant decisions.
a) Three engineering graduates establish '‘EcoDry'’ a new venture that seizes a growing market opportunity. They have combined several existing technologies, creating a new, more environmentally-friendly technique for dry cleaning textiles. Choose... i) Appropriating and accumulating value ii) Identifying or creating new opportunities iii) Mobilising and leveraging resources iv) Redistributing and redirecting value b) The founders of Eco-Dry secure financial resources from a number of sources, including their own family and friends. They also decide to recruit an experienced technology entrepreneur in order to increase their credibility with potential investors and business partners. Choose.. i) Appropriating and accumulating value ii) Identifying or creating new opportunities iii) Mobilising and leveraging resources iv) Redistributing and redirecting value c) The founders of Eco Dry decide to set up a commercial holding company on a franchise- based business model; they considered adopting a social enterprise model, but decided that this had the greatest growth potential. The founders accumulate wealth from the franchisees and from their own equity stake. Choose...i) Appropriating and accumulating value ii) Identifying or creating new opportunities iii) Mobilising and leveraging resources iv) Redistributing and redirecting value d) Once it is trading, ‘Eco-Dry’ is paying wages to employees, reimbursing suppliers, paying dividends to investors and taxes to local and national governments. The founders may also decide to re-invest their profits in new projects and making donations to environmental charities. Choose... i) Appropriating and accumulating value ii) Identifying or creating new opportunities iii) Mobilising and leveraging resources iv) Redistributing and redirecting value