Managing Organisational Culture

What does organisational culture refer to?

The ethos, values, and beliefs of a business and its employees.

What is Power culture in an organization?

A business that places importance on the authority and decision-making power of a small number of key employees.

Give an example of a type of business that reflects Power culture.

Investment banks like Morgan Stanley.

What is Role culture in an organization?

A business that places importance on employees having clear roles within the organisation.

Describe Task culture.

A business that emphasizes tasks and projects, where employees often change roles based on different tasks.

Provide an example of Task culture.

Project-based businesses such as Yell (Yellow Pages).

What characterizes Person culture in a business?

Employees are valued and operate autonomously within the organization.

How does Amazon exemplify Person culture?

It allows managers in different categories, like gardening, to run their areas autonomously.

What is a functional structure in an organization?

A structure based on the four main business functions: human resources, finance, marketing, and operations.

What defines a product structure?

A business structure organized around the products or services it produces.

Explain matrix structure.

A business structure where each employee reports to two or more supervisors, combining product and functional knowledge.

What is a regional structure?

A business structure that organizes teams based on different geographical regions.

What factors should a business consider when choosing its organizational structure?

Industry, competitor actions, and market conditions.

What is network analysis used for?

To manage and plan different stages and elements of a project visually.

What are nodes in a network analysis diagram?

Circles used to show the start and end of individual activities.

What do the three numbers represent in a node of a network analysis diagram?

Left number is node reference, upper-right is earliest start time, and lower-right is latest finish time.

What is float time in network analysis?

The extra time available between the latest finish time of an activity and the earliest start time of the next.

What is a critical path in network analysis?

The list of activities that have no float time and cannot be delayed without delaying the overall project.

List one advantage of network analysis.

It allows for the calculation of float time and the identification of tasks that can be delayed without affecting the project.

What is one disadvantage of network analysis?

It uses forecasted activity durations which may be inaccurate.

Why might network analysis not guarantee successful strategy implementation?

Because adequate resources and managerial experience are still needed for successful implementation.