Test 3 Review - 1 How do you pair executive types Executive...

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1. How do you pair executive types? Executive types are paired with specific corporate strategy . 2. How do you evaluate and control performance? Determine what to measure. Establish standards of performance Measure actual performance Compare actual performance with the standard Take corrective action 3. What is a program? A program makes a strategy action oriented. 4. How do you measure success in a standard cost center? Total standard cost multiplied by units produced 5. Why should managers of all levels participate in strategy formulation? Because there could be a lot of resistance and foot dragging and managers may try to influence top managers to abandon its new plan and return to its old ways. 6. What are steering controls used for? Steering controls are used to measure viariables that influence future profitability. 7. What is benchmarking? Benchmarking is the continual process of measuring products services and practices against the toughest competitors or those companies recognized as industry leaders. 8. Principles of reengineering?
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Organize around outcomes, not tasks Have those who use the output of the process perform the process Subsume information-processing work into the real work that produces the information Treat geographically dispersed resources as though they were centralized Link parallel activities instead of integrating their results Put the decision point where the work is performed and build control into the process Capture information once and at the source 9. What structure is a non-structure? Network Structure is a non-structure. 10. What is shareholder value? Shareholder value is the present value of the anticipated future stream of cash flows from the business plus the value of the company if liquidated. 11. What is reengineering? Reengineering is the radical redesign of business processes to achieve major gains in cost, service, or time. 12. How do you do job enrichment? Job enrichment is done by altering the jobs and giving the worker more autonomy and control over activities. 13. Stage III life cycle organizations are described how? Stage III Dominant Issue Maturity Popular Strategies Concentric and conglomerate diversification Likely Structure Decentralization into profit or investment
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centers 14. Describe the MBO process? The MBO process involves: Establishing and communicating organizational objectives. Setting individual objectives (through superior-subordinate interaction) that help implement organizational ones. Developing an action plan of activities needed to achieve the objectives.
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Test 3 Review - 1 How do you pair executive types Executive...

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