Briefly describe Senge's five disciplines for a learning organization
What will be an ideal response?
1. Personal mastery People reach a special level of proficiency when they live creatively striving for results that matter to them most. Personal mastery forms a spiritual foundation for a learning organization.
2. Mental models These are deeply ingrained assumptions, generalizations, and images that influence how they see the world and what actions to take.
3. Shared vision An organization's view of its purpose.
4. Team learning Teams are the fundamental unit within an organization so it is necessary that each member learn from the others' perspectives and ideas.
5. Systems thinking A conceptual framework for making complete patterns clearer.
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Which of the following is a principle of merchandise location in the warehouse?
A) Group fast-moving items together. B) Group functionally related items together. C) Group physically similar items together. D) all of the above E) none of the above
The overall modeling process typically done in the business world always require seven steps: define the problem, collect and summarize data, formulate a model, verify the model, select one or more suitable decisions, present the results to the organization, and finally implement the model and update it through time
a. True b. False Indicate whether the statement is true or false
Cary is an employee with the Bayview Corporation. Bayview maintains a defined contribution plan for all its employees. Determine the maximum deductible contribution Bayview can make to the pension plan in each of the following situations:
a. Cary's salary is $90,000. b. Cary's salary is $220,000.
Which of the following is the first major step in a typical control process?
A. comparing performance with standards B. developing values C. setting standards D. taking corrective action E. measuring performance