Question 1

Restructuring an organization can be in response to which of the following:

Accepted Answer

All of the above reasons can potentially prompt an organization to consider restructuring. Immediate need to reduce costs, competitive pressure, significant growth, and the launch of new products or services can each impact an organization's structure and require a restructuring in order to realign resources, roles, and responsibilities to better meet the organization's needs and objectives.

Question 2

relating to organizational successes and achievement of performance benchmarks.

Accepted Answer

The answer of relating to organizational successes and achievement of...

Question 3

Organizational Structure,Culture and Management Approach relates to the formal framework around which the business system is designed and how such a structure directs and influences collaboration,the exchange of knowledge,the communication of and sharing of ideas,and the work environment surrounding the accomplishment of tasks and the meeting of responsibilities.

Accepted Answer

The statement accurately describes how organizational structure, culture, and management approach affect the functioning of a business system.

Question 4

Control Systems to Manage Strategic Intent is considered to be a cornerstones to the structural foundation of a business,how it operates,and how its tactical execution is tied to its strategic plan.

Accepted Answer

Control systems are crucial for managing strategic intent and linking tactical execution to a business's strategic plan. They provide a framework for monitoring progress, identifying deviations, and taking corrective action to ensure that the business stays on track toward achieving its objectives.

Question 5

Control Systems to Manage Strategic Intent relates to the formal framework around which the business system is designed and how such a structure directs and influences collaboration,the exchange of knowledge,the communication of and sharing of ideas,and the work environment surrounding the accomplishment of tasks and the meeting of responsibilities.

Accepted Answer

The answer of Control Systems to Manage Strategic Intent relates...

Question 6

________ generally occurs when companies recognize a disconnection to their intended strategy as a result of disruptions which have occurred either internally or from the external marketplace.

Accepted Answer

Restructuring generally occurs when companies recognize a disconnection to their intended strategy due to disruptions, prompting them to reorganize their operations, structure, or strategy to better align with their goals.

Question 7

_________ refers to the number of subordinates a manager will have reporting to him or her.

Accepted Answer

Span of control refers to the number of subordinates that report to a manager. It refers to the number of people that a manager can effectively supervise and manage. A narrower span of control means a greater amount of control for the manager, while a wider span of control means less control but increased efficiency.

Question 8

The key,with respect to this cultural framework,is to try and develop a culture which passionately pursues the _______ of the vision and the mission of the organization.

Accepted Answer

The word "attainment" fits best as it refers to achieving or reaching the vision and mission of the organization.

Question 9

Which of the following is NOT required by the management team for a restructuring effort to be successful?

Accepted Answer

A full understanding of the rationale for the action is important but not necessarily required for the restructuring effort to be successful. The other options are more directly related to the execution and management of the restructuring process.

Question 10

Operational Processes and Market Support & Alignment is considered to be a cornerstones to the structural foundation of a business,how it operates,and how its tactical execution is tied to its strategic plan.

Accepted Answer

Operational processes and market support & alignment are indeed critical components of a business's structural foundation, as they directly impact its day-to-day operations and its ability to achieve its long-term strategic goals. By aligning market support with operational processes, a business can ensure that it is effectively meeting the needs of its customers and stakeholders, while also optimizing its internal processes and resources to drive growth and profitability. Additionally, by linking tactical execution with strategic plans, a business can ensure that it is constantly working towards its overall vision, while also remaining nimble and adaptable in response to changing market conditions and customer demands.

Question 11

Mechanisms for Effective Talent Management is considered to be a cornerstones to the structural foundation of a business,how it operates,and how its tactical execution is tied to its strategic plan.

Accepted Answer

Mechanisms for effective talent management are indeed considered to be cornerstones for the structural foundation of a business, as they help ensure that the organization has the right people in the right roles, with the right skills and experiences, to drive the business forward. By aligning talent management strategies with the company's strategic plan, organizations can create a cohesive framework that supports the achievement of their goals and objectives. Therefore, talent management is a critical component of overall business success.

Question 12

________ refers to the grouping of tasks and the facilitation of the collaborative efforts between departments which must occur within the organization.

Accepted Answer

Coordination of the Work Effort refers to the process of ensuring that tasks are grouped in a way that encourages collaboration between different departments within the organization. This helps to avoid duplication of effort and ensures that everyone is working towards the same goals. While managerial hierarchy and span of control can be factors in this process, C is the best answer as it specifically focuses on the coordination of work efforts. Hierarchy requirements and nature of the work are not directly related to this concept.

Question 13

_________ is often referred to as the "Chain of Command".

Accepted Answer

The "Chain of Command" refers to the formal structure of authority within an organization, typically represented by a hierarchy of managers and supervisors who report to higher level managers. This is commonly known as the managerial hierarchy, which outlines the reporting relationships of employees and their superiors.

Question 14

________ refers to the degree of entrepreneurship which is embedded into the organization.

Accepted Answer

The answer of ________ refers to the degree of entrepreneurship...

Question 15

Which of the following is NOT fundamentally influenced by the structure,culture,and managerial approach?

Accepted Answer

Learning curves for staff are primarily influenced by individual capabilities, training, and experience rather than the organizational structure, culture, or managerial approach.

Question 16

The goal of any restructuring initiative should be to increase the _______ and the long-term health of the organization.

Accepted Answer

Increasing the value of the organization will lead to better financial performance and sustainability in the long run. Other options like liquidity, costs, demand, and appeal are important factors, but the ultimate goal should be to increase the value of the organization.

Question 17

Organizational Structure,Culture and Management Approach is considered to be a cornerstones to the structural foundation of a business,how it operates,and how its tactical execution is tied to its strategic plan.

Accepted Answer

Organizational structure, culture, and management approach are fundamental elements that shape a company's functioning and link its strategic plan to its operational execution.

Question 18

Mechanisms for Effective Talent Management relates to the formal framework around which the business system is designed and how such a structure directs and influences collaboration,the exchange of knowledge,the communication of and sharing of ideas,and the work environment surrounding the accomplishment of tasks and the meeting of responsibilities.

Accepted Answer

The answer of Mechanisms for Effective Talent Management relates to...

Question 19

_________ refers to the level of responsibility and decision-making authority which is transferred to each specific managerial position.

Accepted Answer

Decision-Making control refers to the level of responsibility and decision-making authority which is transferred to each specific managerial position.

Question 20

As ________ change,so must the business system framework required to ensure the successful execution of the revised strategic direction.

Accepted Answer

The sentence is talking about the need for a business system framework to keep up with changes in strategic direction. Therefore, the blank should be filled with a noun that refers to the revised strategic direction. "Strategies" is the best choice because it directly refers to the plans and methods used to achieve a goal or aim, which fits the context of the sentence.

Quiz 7: Entrepreneurship and Forms of Business Ownership