Final Exam Answer Guide.xlsx

Effective controlling requires the existence of plans

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Effective controlling requires the existence of plans, since... Effective planning requires the existence of plans, because planning... Employees working in large groups where opportunities for member interaction were limited preferred _________________________ leader decision making. Ensuring that top management communicates with employees about the upcoming changes also has symbolic ___ Environmental scanning is the act of analyzing the critical external contingencies facing an organization in terms of: Ethics implies deciding on a course of action when clear decision rules are available. Examples of __________ include: To be the happiest place on earth (Disneyland), and Restoring patients to full life (Medtronic). Examples of business strategy includes all of the following EXCEPT: Financial outcomes are often short-term in nature, so they omit other key factors that might be very important to the longer-term viability of the organization. Financial outcomes are often short-term in nature, so they omit other key factors that might be very important to the longer-term viability of the organization. Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility which is: Firms rely on bottom-up innovation processes to communicate a strategy because of the following, EXCEPT Firms that do the product leadership strategy well include which of the following factors: Firms with clearly communicated, widely understood and collectively shared mission and vision have been shown Firms with clearly communicated, widely understood and collectively shared mission and vision have been shown: Firms with clearly communicated, widely understood and collectively shared mission and vision have been shown: Firms with clearly communicated, widely understood and collectively shorted mission and vision have been shown to:
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formal orientation Formalization tends to make employee behavior more ___ Founder Values Goals and objectives are a not a basis for reward systems. focus on development, innovation, design, and time to market Focusing on some aspect of the environment and ignoring other elements is called: For a differentiation strategy to be effective, the product difference should NOT be based on For a differentiation strategy to be effective, the product difference should NOT be based on: For successful business organizations, the only constant is ________. Formal leaders utilize the power that comes from _________________________. Formalized structures are those in which there are few written rules and regulations Formalized structures are those in which there are few written rules and regulations Formalized structures are those in which there are few written rules and regulations Fortune Brands states they will cut corporate overhead costs by $30 million a year. This is an example of a: Functional structures are more effective in stable environments that are fast to change Functional structures are more effective in stable environments that are fast to change.
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