Brand Manager: - ANSWER-The project manager in P&G's version of the matrix
structure.
Centralization: - ANSWER-An organizational decision-making approach with
most strategic and operating decisions made by managers at the top of the
organization structure (at corporate headquarters).
Corporate Restructuring: - ANSWER-A change in the organization's structure to
improve efficiency and firm performance, including such activities as realigning
divisions in the firm, reducing the amount of cash under the discretion of senior
executives, and acquiring or divesting business units.
Decentralization: - ANSWER-Decentralization: An organizational
decision-making approach with most strategic and operating decisions made by
managers at the business unit level.
Downsizing: - ANSWER-Downsizing: A means of organizational restructuring
that eliminates part or all of one or more hierarchical levels from the organization
and pushes decision-making downward in the organization.
Flat Organization: - ANSWER-Flat Organization: An organization characterized
by relatively few hierarchical levels and a wide span of control.
Functional Structure: - ANSWER-Functional Structure: A form of organizational
structure whereby each subunit of the organization engages in firm-wide
activities related to a particular function, such as marketing, HR, finance, or
production.
Geographic Divisional Structure: - ANSWER-Geographic Divisional Structure: A
form of organizational structure in which jobs and activities are grouped on the
,basis of geographic location—for example, northeast region, Midwest region, and
far west region.
Horizontal Growth: - ANSWER-An increase in the breadth of an organization's
structure.
Horizontal Structure: - ANSWER-An organizational structure with fewer
hierarchies designed to improve efficiency by reducing layers in the bureaucracy.
Matrix Structure: - ANSWER-A form of organizational structure that combines the
functional and product divisional structures.
Multidivisional Structure: - ANSWER-A structural form with two or more divisions
based on products (a product divisional structure) or geography (a geographic
divisional structure); also called an M-form.
Organizational Structure: - ANSWER-The formal means by which work is
coordinated in an organization.
Product Divisional Structure: - ANSWER-A form of organizational structure
whereby the organization's activities are divided into self-contained entities, each
responsible for producing, distributing, and selling its own products.
Strategy Implementation:2 Key Points - ANSWER-}Consider the plan for
implementation before adopting a strategic alternative.
}The greater the strategic change, the more complex the implementation.
Profit Center: - ANSWER-A well-defined organizational unit headed by a
manager accountable for its revenues and expenditures.
Simple Structure: - ANSWER-An organizational form whereby each employee
often performs multiple tasks, and the owner/ manager is involved in all aspects
of the business.
Span of Control: - ANSWER-The number of employees reporting directly to a
given manager.
, Tall Organization: - ANSWER-n organization characterized by many hierarchical
levels and a narrow span of control.
Vertical Growth: - ANSWER-An increase in the length of the organization's
hierarchical chain of command.
Corporate restructuring seeks to improve efficiency and performance through
such actions as realigning divisions in the firm, reducing the amount of cash
under the discretion of senior executives, and acquiring or divesting business
units.
TrueFalse - ANSWER-True
This is the definition of the term corporate restructuring
A flat organization is composed of many hierarchical levels and narrow spans of
control.
TrueFalse - ANSWER-False
A tall organization is composed of many hierarchical levels and narrow spans of
control
Horizontal structures have fewer managerial levels than vertical structures
TrueFalse - ANSWER-True
This is the definition of the term horizontal structures.
In general, a functional structure tends to be most appropriate for differentiated
businesses.
TrueFalse - ANSWER-False
In general, a functional structure tends to be most appropriate for defenders and
low-cost businesses.
Corporate restructuring can be voluntary or involuntary.
TrueFalse - ANSWER-True
Progressive firms restructure voluntarily when it becomes clear that a change is
necessary, ideally before performance declines are substantial. However, firms
that do not manage for value may eventually be forced by outsiders to restructure
involuntarily, a process that is usually more costly.
Progressive firms restructure only when firm performance declines.
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