which of the following best describe organizational structure?

Section 1. Organizational structure is something that is best decided upon internally, through a process of critical thinking and discussion by members of the group. e. defensive, A pure functional structure is most appropriate for achieving: Rebecca's company follows which principle? "All of it is interrelated, and all of it applies to our mission of increasing the safety of residents of South Haven, as well as that of our visitors. e. A vertical structure, In _____ production, firms produce goods in batches of one or a few products designed to customer specification. It includes an internal group that defines and maintains project management standards across the organization. c. Work specialization Fill in the blank: A cost-benefit analysis weighs the potential value of a project against money, resources, and _____. \text{Total Assets} & 780.3 & 779.6 & 859.9 & 903.1 & 917.0\\ &2013& e. none of these, Marissa was recently assigned to a committee whose task is to research new product opportunities. Organizational structures can be centralized or decentralized, hierarchical or circular, flat or vertical. a. responsibility This action represents which change management best practice? a. coordination Which of the following best describes an example of successful change management? How might the person in this role contribute to the organization's mission? All of the following are advantages of a divisional structure EXCEPT: Q. e. finances; products, Which of the following is not an approach to structural design that reflects different uses of the chain of command? Greater work specialization \underline{\text{Income Tax}} & (8.1) & (2.3) & (5.1) & (6.4) & (8.7)\\ a. c. geographic e. Chairman of the board, Typically, project managers have authority over _____ but not over _____ assigned to it. c. the competitive global environment. 1. There is, of course, a primary leader the director. e. products rather than services. Are you sure you want to rest your choices? c. matrix, teams e. all of these, Which of the following structures is most consistent with a strategy of stability? a. team-based In fact, a large organization has to keep its operations as efficient as possible to keep its operations make sense. e. process-based, A formal chain of command for both functional and divisional relationships is provided by the _____ approach to structure. Coordination is defined as: a. matrix boss b. \text{Administration} & (61.8) & (57.1) & (59.0) & (66.9) & (79.8)\\ It is a type of organization where groups are organized according to the projects, or products the company focuses on. e. Span of management, The formal and legitimate right of a manager to make decisions is _____. Juan is a top manager at I.F.L., a matrix organization. Strategic planning Clearly disseminating this information to employees: Regardless of the special type of organizational structure you choose, it should have the following components: A functionalor role-basedstructure is one of the most common organizational structures. Which of the following characteristics distinguishes authority? You expect that a project will bring in $15,000 USD in revenue per year. c. continuous process a. Cross-functional If applicable, include resumes and scope of work for consultants that e. Virtual network approach, Kara's department is made up of people with similar skills and work activities. A company's schedule and plans Question 7 e. None of these. Louise works in the manufacturing department at Ice Sculptures. The Walmart, The Complete Guide To Growth Hacking In 2023, An Entire MBA In Four Weeks By FourWeekMBA, Business Strategy Book Bundle By FourWeekMBA, Digital Business Models Podcast by FourWeekMBA, [MM_Member_Data name=membershipName] Home Page, https://fourweekmba.com/wp-content/uploads/2022/11/Organizational-Structure.mp4, Matrix Organizational Structure In A Nutshell, Flat Organizational Structure In A Nutshell, https://fourweekmba.com/wp-content/uploads/2020/08/business-model.mp4, Google have innovation units comprised of bets, Context is king for the moonshot thinking, It all starts by reasoning from first principles, Target the impossible but make it actionable, Forget T-shaped; its all about X-shaped people, Why 10X thinking is cheaper than incremental thinking, in the long-run, Types of Business Models You Need to Know, Blitzscaling Business Model Innovation Canvas In A Nutshell. Indeed, when a company has established a viable business model, scaling up the employee base through organizational structure might enable the organization to operate at a much broader scale. d. Divisional approach c. authority and responsibility in top management's hands. a. c. Formal It differs from the traditional line structure by means of the existence of established channels for the horizontal sharing of information and direction, with a substantial increase in the sheer number of lines of communication. Atmosphere Work performed by subordinates is stable and routine. Select all that apply. Which answer best describes a Classic organizational structure? b. delegation Select all that apply. c. save feedback for completion of the project. Which of the following best describes the organizational structure used to compare the two products? c. divisional e. Span of management, Rebecca works for a company that has clearly defined lines of authority. This is the individual (or office) that oversees a department or segment of the company. Developing Multisector Task Forces or Action Committees for the Initiative, Section 4. 1. c. large-batch production Pellentesque dapibus efficitur laoreet. Which of the following is(are) an advantage of team structure? A health organizations committee focuses on increasing access and use of the youth clinic. d. the quantity of goods produced by the organization. A tight structure Moonshots do not have to be aligned with the core business model of the company. Stand out and gain a competitive edge as a commercial banker, loan officer or credit analyst with advanced knowledge, real-world analysis skills, and career confidence. e. team-based structure. Many companies use the traditional model of a centralized organizational structure. d. communication; no cost Fill in the blank: After the stakeholders assign the project manager, the goals of the project have to be approved, as well as the scope of the project and its _____. Specialization principle As a project manager, you learn that the stakeholders are changing the nature of the project and the teams deliverables will change as a result. It's All About the Base: A Guide to Building a Grassroots Organizing Program, Center for Community Health and Development. a. work specialization Quite the opposite, those are ventures with a high rate of failure, yet high potential, which, if they turn out to work, might end up as whole new industries, opening up the way to build a whole new company on top. That is why its important to have innovation units or small teams of people that operate independently and are not necessarily aligned with the overall organizations goal and vision. An organizational structure determines how a project is centralized. Also how far employees are from top management and how freely the information flows. d. small batch Instead of information flowing down to the next level, information flows out to the next ring of management. Salta can best be described as using what organizational structure? A functional structure facilitates specialization, scalability and accountability. b. divisional d. top leader Lorem ipsum doloricitur laoreet. d. based on the virtual network approach. Less delegation a. a. Matrix approach a. Boars' Nest's structure is too loose. d. matrix A company's shared values, mission, and history. With a flat organization structure, a person may report to more than one person and there may be cross-department responsibilities and decision-making authority. 1. According to MANAGER'S SHOPTALK in Chapter 10, all of the following are effective ways for a manager to delegate EXCEPT: An organization's external environment is also referred to as the general environment. &\text{Cost of ending inventory} &\underline{\qquad\qquad} \qquad\qquad\quad \underline{\qquad\qquad} \\ d. amount of bureaucracy in the organization. d. departmentalization. Direction and communication start with the head of the company (in this example, the company is led by the chief executive officer). e. controlling, A task force is _____ committee(s) formed to solve a specific problem. a. Nichole's span of management can be larger than Kevin's. Which of the following questions could help you learn about the company's processes? When the organization is structured along _____ lines, coordination is required. Unity of direction From a broad perspective, it appears very similar to the product-based structure above. Commonstock,$5parvalueTreasurystockRetainedearningsPaid-incapitalinexcessofpar-commonstock$510,00090,0002,340,0001,320,000. &\text{Cost of goods sold}&\underline{\qquad\qquad} \qquad\qquad\quad \underline{\qquad\qquad} \\ In the Internet era, organizations have been more horizontal and flat, thus reducing the space between employees and management. a. Reengineering c. based on the team approach. Typically organizational structure can be categorized based on several parameters and priorities. Select all that apply. d. development of general management skills. c. divisional Your company is restructuring and you have been chosen to manage a key project. More specifically, structure describes how members are accepted, how leadership is chosen, and how decisions are made. c. organic structure The use of teams may lead to too much: e. Divisional approach. e. hierarchy. These characteristics are consistent with which of the following structures? e. irrational decision making. Lorem ipsum dolor sit amet, consectetur adipiscing elit. . It might make it difficult for managers and executives to have a big picture of the company. c. Work specialization e. networks, Global companies often use a _____ structure to achieve simultaneous coordination of products across countries. Middle manager How the different members of an organization relate to one another The team approach to departmentalization is a response to: The following table, adapted from The Spirit of Coalition Building can help you make this first decision. Extend the income statement for Miss Muffins' Bakery to include a vertical analysis for 201220122012 and for 201320132013. e. all of these. c. differentiation Juan is a _____. Your financial situation is unique and the products and services we review may not be right for your circumstances. c. uses a divisional structure. It affects the client's project satisfaction. e. passing the buck. What step could the company have taken to avoid scope creep? a. Functional a. functional Layoffs It can also foster inefficiency if product or market teams have similar functions, and without good communication across teams, companies run the risk of incompatibility among various product/market teams. Thats because often, opportunities that dont make sense in terms of the bottom line and key customers might also be those that, in the long run, will turn out to succeed. As a project manager, you want to integrate change management into your project. Line; staff c. It flows across the horizontal hierarchy. Once this group generates a list of six or seven viable options, it will be disbanded. Organizational design is a critical puzzle for making a company successful. c. e-engineering c. divisional _____ means that each employee is held accountable to only one supervisor. \text{Dividends Paid} & (5.2) & (5.2) & (5.2) & (5.2) & (5.6)\\ Virtual network approach c. A divisional structure a. functional This article describes the various types of organizational structures, the benefits of creating one for your business and specific elements that should be included. a. virtual network Indeed, as startups become established organizations, they might need to become way more structured as they have to tackle much broader engineering, administrative, legal, marketing, and sales problems. Unterman, I. c. chain of command. c. Horizontally b. \text{Statement of Cash Flows} & 2012 & 2013 & 2014 & 2015 & 2016\\ d. high quality technical problem solving. It is a top-down approach. Donec aliquet. d. Division of labor e. both lack of participative teams and centralized decision-making. Organizational structures differ in terms of departmentalization, which is broadly categorized as either functional or divisional. Which of the following profile of an organization emphasizes creating, innovating, visioning the future, managing change, risk-taking, rule breaking, experimentation, entrepreneurship, and uncertainty? The Tool Box needs your help Question 6 How leadership creates operational processes within the organization. The Ste. Identifying internal strengths and weaknesses involves considering financial, physical, human, and organizational assets. The organizational structure and responsibilities of the executive team and board of directors of a corporation. Select all that apply. e. Organization E with seven hierarchical levels. e. narrow span of management. However, instead of being structured around typical roles and job functions, it is structured around the companys products or markets. This type of organization still benefits from hierarchies, but it flattens them by generating an adaptable model for organizations. This structure has centralized leadership and the vertical, hierarchical structure has clearly defined . Organizational structures can move from vertical and pyramidal structures, with a rigid structure, to more horizontal, flat systems, which are way more fluid, and with much less space between employees and management. It is likely structured: Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Fill in the blank: During the planning phase of a project, you take steps that help you _____ to achieve your project goals. d. has excellent coordination across departments. \text{EBIT} & 55.5 & 38.4 & 46.7 & 55.2 & 65.8\\ As your group grows and changes, so should your thinking on the group's structure. d. defensive One of the problems is that the people in marketing never communicate with the people in production. a. decentralized. c. Decentralization Where a small company can adapt more quickly to changing times. Example - The Ste. \end{array} 1 point Donate now. c. wide span of control. Each division working as an independent organization can be grouped by product line but also geography. Nam lacinia pulvinar tortor nec facilisis. d. the power imbalance that can result between the sides of the matrix. b. diversification 1 point a. it increases employee participation. e. Rules and procedures defining task activities are available. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. inAccountsReceivable3.917.01.3(8.1)(6.8)Chg.inInventory(2.9)1.34.9(2.9)(5.6)Chg.inPayables&AccruedComp.1.7(1.3)4.84.94.9CashfromOperations45.247.653.144.048.8CapitalExpenditures(26.6)(23.8)(97.5)(75.4)(40.0)CashfromInvestingActivities(26.6)(23.8)(97.5)(75.4)(40.0)DividendsPaid(5.2)(5.2)(5.2)(5.2)(5.6)Sale(orpurchase)ofstockDebtIssuance(PayDown)73.325.3CashfromFinancingActivities(5.2)(5.2)68.120.1(5.6)ChangeinCash13.418.623.7(11.3)3.2MydecoStockPrice$7.02$3.55$5.86$8.33$11.57\begin{array}{lccccc} c. There is good coordination across divisions. a. degree of formalization. d. Formalization Pellentesque dapibus efficitur laoreet. Donec aliquet. This employee has accountability in both directions. b. Organic structure for Mydeco Corp, Mydeco Corp. 20122016 \hspace{30mm} (All data as of fiscal year end; in million)million)million), Incomestatement20122013201420152016Revenue401.9361.6429.6513.6602.6CostofGoodsSold(192.1)(175.4)(207.1)(248.3)(295.8)GrossProfit209.8186.2222.5265.3306.8SalesandMarketing(65.0)(64.4)(84.3)(104.9)(121.1)Administration(61.8)(57.1)(59.0)(66.9)(79.8)Depreciation&Amortization(27.5)(26.3)(32.5)(38.3)(40.1)EBIT55.538.446.755.265.8InterestIncome(Expense)(32.4)(31.8)(32.0)(37.0)(40.9)PretaxIncome23.16.614.718.224.9IncomeTax(8.1)(2.3)(5.1)(6.4)(8.7)NetIncome15.04.39.611.816.2Sharesoutstanding(millions)56.856.856.856.856.8Earningspershare$0.26$0.08$0.17$0.21$0.29BalanceSheet20122013201420152016AssetsCash49.468.091.780.483.6AccountsReceivable87.670.669.377.484.2Inventory33.532.227.330.235.8TotalCurrentAssets170.5170.8188.3188.0203.6NetProperty,Plant&Equip.244.3243.3306.1349.6347.9Goodwill&Intangibles365.5365.5365.5365.5365.5TotalAssets780.3779.6859.9903.1917.0Liabilities&StockholdersEquityAccountsPayable18.818.822.427.130.3AccruedCompensation7.66.37.57.79.4TotalCurrentLiabilities26.425.129.934.839.7Long-termDebt498.9498.9572.2597.5597.5TotalLiabilities525.3524602.1632.3637.2StockholdersEquity255.0255.6257.8270.8279.8TotalLiabilities&StockholdersEquity780.3779.6859.9903.1917.0StatementofCashFlows20122013201420152016NetIncome15.04.39.611.816.2Depreciation&Amortization27.526.332.538.340.1Chg. It's the operating manual that tells members how the organization is put together and how it works. Flowcharts to illustrate the project's development process How will you handle this ambiguity and deliver the news to the team? b. reengineering Blueprints on how companies are run and how information is passed within the organization. Study with Quizlet and memorize flashcards containing terms like Which of the following refers to the deployment of organizational resources to achieve strategic goals? The startup culture has introduced flatter organization patterns. b. functional leader c. easy pinpointing of responsibility for product problems. d. Matrix approach The Community Tool Box is a service of the. a. accountability. Relative to a flat organizational structure, a tall structure has a _____ span of management and _____ hierarchical levels.

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