Define organizational development and describe its importance in relation to the implementation of a business plan and strategy

What will be an ideal response?


Organizational development is a plan that describes how the company will organize the work that needs to be accomplished in the business plan or strategy. Typically, work is divided into functional departments, such as production, shipping, marketing, customer support, and finance. Jobs within these functional areas are defined, and then recruitment begins for specific job titles and responsibilities. Typically, in the beginning, generalists who can perform multiple tasks are hired. As the company grows, recruiting becomes more specialized. For instance, at the outset, a business may have one marketing manager. But after two or three years of steady growth, that one marketing position may be broken down into seven separate jobs done by seven individuals.

All firms – new ones in particular – need an organization to efficiently implement their business plans and strategies. Many e-commerce firms and many traditional firms that attempt an e-commerce strategy have failed because they lacked the organizational structures and supportive cultural values required to support new forms of commerce.

Business

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Significant sunk costs are relevant to decisions about the future.

Answer the following statement true (T) or false (F)

Business

Vandezande Inc. is considering the acquisition of a new machine that costs $370,000 and has a useful life of 5 years with no salvage value. The incremental net operating income and incremental net cash flows that would be produced by the machine are (Ignore income taxes.): Incremental Net Operating IncomeIncremental Net Cash FlowsYear 1$54,000 $128,000 Year 2$31,000 $105,000 Year 3$52,000 $126,000 Year 4$49,000 $123,000 Year 5$48,000 $122,000 See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.Assume cash flows occur uniformly throughout a year except for the initial investment.If the discount rate is 10%, the net present value of the investment is closest to:

A. $234,000 B. $457,479 C. $87,479 D. $370,000

Business

Zeke files a petition in bankruptcy for relief through an individual's repayment plan. Zeke's plan must provide for

A. the turnover of his future income to the trustee. B. his attendance at a credit-counseling briefing. C. adequate means for the petition's execution. D. a preference for one creditor over another.

Business

As marketing manager for a very large discount building supply, you wish to know what proportion of your city's population conducted do-it-yourself home improvement projects during the past year. The national percentage is 62%; therefore, you decide to

use this value in estimating sample size for a study to achieve 90% confidence with the estimate no more than 5% from the true proportion. What is the appropriate sample size?

Business