BPL 5100 Study Questions for Exam | Verified
Answers
what are the pros of a matrix structure? - ✔✔1. facilitates use of specialized personnel,
equipment
2. provides professionals with a broader range of responsiblity
what are the cons of a matrix structure? - ✔✔1. power struggles
2. working relationships could become more complicated cause your bosses could be asking for
2 different things
3. decisions may take longer
what does geographic strcuture depend on? - ✔✔1. type of strategy driving the firm's
foreign operation
2. product diversity
3. extent to which the firm depends on foreign sales
what is strategic control? - ✔✔mechanism for monitioring and correcting org performance
what are some informational controls? - ✔✔1. financial reports
2. BoD minutes
, what are some behaviroal controls? - ✔✔making sure the work culture is appropriate
-recall the work culture of GM that led to the car having problems
informaitonal and behavioral controls are sufficient conditions for success (T/F) - ✔✔F
what is corporate governance? - ✔✔relationships among various participants in determining
the direction and performance of corporations
what makes of corporate governance? - ✔✔1. CEO
2. BoD
3. shareholders
how can we align the interests of owners and managers? - ✔✔make the managers owners
-stock options
what are some governance mechanisms? - ✔✔1. BoD (act in best interest of shareholders)
2. sharholder activitsm (owners become actively involved in goverance )
what are some external goverance controls? - ✔✔1. auditors
2. banks
Answers
what are the pros of a matrix structure? - ✔✔1. facilitates use of specialized personnel,
equipment
2. provides professionals with a broader range of responsiblity
what are the cons of a matrix structure? - ✔✔1. power struggles
2. working relationships could become more complicated cause your bosses could be asking for
2 different things
3. decisions may take longer
what does geographic strcuture depend on? - ✔✔1. type of strategy driving the firm's
foreign operation
2. product diversity
3. extent to which the firm depends on foreign sales
what is strategic control? - ✔✔mechanism for monitioring and correcting org performance
what are some informational controls? - ✔✔1. financial reports
2. BoD minutes
, what are some behaviroal controls? - ✔✔making sure the work culture is appropriate
-recall the work culture of GM that led to the car having problems
informaitonal and behavioral controls are sufficient conditions for success (T/F) - ✔✔F
what is corporate governance? - ✔✔relationships among various participants in determining
the direction and performance of corporations
what makes of corporate governance? - ✔✔1. CEO
2. BoD
3. shareholders
how can we align the interests of owners and managers? - ✔✔make the managers owners
-stock options
what are some governance mechanisms? - ✔✔1. BoD (act in best interest of shareholders)
2. sharholder activitsm (owners become actively involved in goverance )
what are some external goverance controls? - ✔✔1. auditors
2. banks
