Management Midterm

Adhocracy

Culture that emphasizes adaptability, innovation and creativity (Multiple things)

Tactical Planning

Planning level that is primarily concerned with translating strategic goals into specific actions for major organizational units?

What is the primary purpose of a SWOT analysis?

Assess internal strengths and weaknesses along with external opportunities and threats.

Differentiation Strategy

Strategy that focuses on offering unique products or services valued by customers

Strategic Planning

Making goals that are between 1-5 year

Vision Statement

Term for organizations long term aspirations

Decentralized

Organization delegates decision making authority downward

Divisional Structure

Organizational framework that groups business activities into semi-autonomous units based on specific products, services, geographic locations, customer segments, or markets

Functional Structure

An organization divided by marketing, finances, operations, human resources

Matrix structure attempts to combine the advantages of

Functional and Divisional Structures

Contingency Plan

Planning tool explicitly identifies actions to be taken if assumptions prove incorrect

Symbols and Artifacts

Organizational culture component is most visible to outsiders

Decentralization

retail company empowers store managers to make pricing and staffing decisions without corporate approval, this reflects

Functional structure

People with similar occupational specialties are put together in formal groups

Confusion over authority and priorities

A company creates a matrix structure in which employees report to both a functional manager and a project manager, what is the most likely challenge resulting from this structure

Clan Culture

An Employee-Focused Culture Valuing Flexibility, Not Stability.

Market Culture

A Competitive Culture Valuing Profits over Employee Satisfaction.

HIERARCHY CULTURE:

A Structured Culture Valuing Stability and Effectiveness.