How have organizations evolved into vertical silos over the years? What impact does this have on information sharing?
What will be an ideal response?
Since the late 1960s, researchers found that organizations divided up responsibility in hierarchical layers. These layers were associated with strategic planning, management control, and operational control. These layers in the organization helped to define the business roles at each level; i.e. CEOs focused on strategic planning, managers focused on management control, and line-level people were involved in day-to-day operations. With respect to information sharing and systems, each layer has different information and reporting needs, so they typically had totally separate systems to support their individual needs. These systems were not oriented towards sharing information up and down the vertical silo or hierarchy.
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Which of the following is an advantage of using a sales force automation system?
A) lowers sales team training costs B) records major competitor's sales C) eliminates the need for an inside sales force D) eliminates employee attrition E) improves customer service
Which of the following are basic objectives of the 1933 Securities Act?
A) To provide investors with material information concerning securities offered for sale to the public. B) To prohibit misrepresentation, deceit, and other fraudulent acts and unfair practices in the sale of securities generally, whether or not they are required to be registered. C) Both of these. D) None of these.
A company's ratios are more meaningful when compared to other companies in the same industry
Indicate whether the statement is true or false.
Outsourcing and contract logistics are terms sometimes used to describe third-party logistics
Indicate whether the statement is true or false