Question 1

If the technical side of a company is in charge of product development efforts, the goal is usually to be market driven; meaning, obtain a large market share.

Accepted Answer

The technical side of a company may focus on creating innovative products or advancing technology, rather than being solely market driven. However, market share may still be an important consideration for the company's overall success.

Question 2

Informal social meetings help with integration and collaboration.

Accepted Answer

Informal social meetings provide an opportunity for individuals to get to know each other on a personal level, leading to increased understanding and collaboration in professional settings.

Question 3

The project program approach to organizational structure is best if a company is focused on multiple small projects.

Accepted Answer

The project program approach is more suited for organizations handling large, complex projects that require dedicated attention and resources, rather than multiple small projects.

Question 4

A functional teams is the type of team best suited for product development activities.

Accepted Answer

Cross-functional teams, which bring together members with different expertise from various departments, are generally considered best suited for product development activities to ensure diverse perspectives and skills contribute to the project.

Question 5

The core team is best described as consisting of the original and permanent members of the team.

Accepted Answer

The core team typically consists of the original and permanent members who have been with the team from the beginning and are responsible for the team's overall vision and direction.

Question 6

Traditionally, product development is the responsibility of either the __________ or __________ functions/departments in a company.&#10;A) Marketing, Production&#10;B) Management, Finance&#10;C) Marketing, R&D/Engineering&#10;D) Operations, R&D/Engineering

Accepted Answer

Marketing and R&D/Engineering are traditionally responsible for product development. Marketing is involved in analyzing market needs and identifying opportunities, while R&D/Engineering is responsible for developing the product itself. Production, Finance, and Operations are more focused on the execution of the product once it has been developed. Management may oversee the entire process, but typically does not have direct responsibility for product development.

Question 7

Primary responsibility for product development efforts amongst the various departments and functions within a company is determined based on:&#10;A) Company history.&#10;B) Company culture.&#10;C) Company objectives.&#10;D) All of the above.

Accepted Answer

The primary responsibility for product development efforts within a company is influenced by a combination of factors including company history, culture, and objectives. These elements collectively shape how responsibilities are distributed among different departments and functions.

Question 8

__________ serves to reduce the physical distances between team members.&#10;A) Informal social systems&#10;B) Co-location&#10;C) Incentive systems&#10;D) Personnel movement

Accepted Answer

Co-location refers to physically locating team members in close proximity to each other, which can reduce the physical distances between them.

Question 9

__________ serves to structure decision-making and establish responsibilities within the team.&#10;A) Formal product planning.&#10;B) Incentive systems.&#10;C) Co-location.&#10;D) Project approach.

Accepted Answer

The answer of __________ serves to structure decision-making and establish...

Question 10

Integration and collaboration can be achieved using the following methods: A) By being market driven. B) By having informal social systems. C) By incorporating a Stage-Gate^TM process. D) By identifying customers' needs and wants.

Accepted Answer

The answer of Integration and collaboration can be achieved using...

Question 11

The functional approach to organizational structure is:&#10;A) The simplest approach.&#10;B) The least popular approach.&#10;C) Least likely to create conflicts.&#10;D) Best suited for companies that deal with large scale projects.

Accepted Answer

The answer of The functional approach to organizational structure is:&#10;A)...

Question 12

The matrix management approach to organizational structure incorporates a __________ department into the overall structure.&#10;A) Project Management.&#10;B) Product Development.&#10;C) Product Management.&#10;D) None of the above.

Accepted Answer

The answer of The matrix management approach to organizational structure...

Question 13

A venture team is best suited for fixing minor product related issues.&#10;A) Agree.&#10;B) Disagree.&#10;C) Neither agree nor disagree.&#10;D) None of the above.

Accepted Answer

The answer of A venture team is best suited for...

Question 14

A functional team is __________ .&#10;A) Completely focused on competition objectives.&#10;B) Completely focused on departmental objectives.&#10;C) Completely focused on company objectives.&#10;D) Focused on non-monetary objectives.

Accepted Answer

The answer of A functional team is __________ .&#10;A) Completely...

Question 15

The core team consists of:&#10;A) C-Suite executives in charge of running the company.&#10;B) Original and permanent member of the product development team.&#10;C) The core engineers responsible for bring the product to fruition.&#10;D) Members of the company's board of directors.

Accepted Answer

The answer of The core team consists of:&#10;A) C-Suite executives...

Deck 2: Culture and People