100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
MGMT 443 – Midterm Exam Questions with Verified Answers CA$22.36   Add to cart
Quickly navigate to
Preview
  2.  
  3. Mgmt
  4.  
  5. Mgmt

Exam (elaborations)

MGMT 443 – Midterm Exam Questions with Verified Answers
 6 views  0 purchase
  • Course
  • Mgmt
  • Institution
  • Mgmt

Organizations - Answer-Are complex social systems linked to an external environment and directed to a specific goal Organizations are Social Systems: - Answer-- This explains how businesses operate: *Business orgs are fundamentally social (made up of people) * People can be motivated or dem...

[Show more]

Preview 2 out of 10  pages

Document information

  • October 19, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mgmt 443 midterm exam questions with verified an
  • organizations answer are complex social systems

Written for

  • Mgmt
  • Mgmt

Seller

avatar-seller
lectknancy

Reviews received

Content preview

MGMT 443 – Midterm Exam Questions
with Verified Answers
Organizations - Answer-Are complex social systems linked to an external environment
and directed to a specific goal

Organizations are Social Systems: - Answer-- This explains how businesses operate:
*Business orgs are fundamentally social (made up of people)
* People can be motivated or demotivated
* People are the main vessels of how the orgs operate

Organizations are Complex Systems: - Answer-- This explains how businesses operate:
+Complex systems since they're elements that interact w/each other and not easy to
predict

Galbraith's Star Model of Org Design - composed of 5 elements - Answer-1. Strategy
(Necessary Org Capabilities): what are the capabilities that this company needs to be
successful for goals
2. Structure: how people are grouped together and how will depts
communicate/coordinate with each other
3. Processes: how the decisions are made, how the work flows between different
roles/depts
4. People: the skills that we need to attract or select people/what people are we letting
go
5. Rewards: what is the compensation structure/what behaviors are we rewarding

- From this model, they must all be in alignment and supportive of the orgs strategy
- Orgs will modify their strategy but fail to adapt other elements of the design to the new
strategy, losing alignment

Org's Mission - Answer-overall goal (official goals) - communicates to stakeholders what
the company is trying to achieve, what it stands for, & bestows legitimacy to the org

Operating Goals - Answer-specific to the actual procedures of the orgs. Operating goals
explain more specifically what the org is actually trying to do.

Strategy - Answer-is the company's plan for success (for attaining its goals). Requires
understanding the firm's strengths in relation to the conditions established by the
external environment.

Capabilities - Answer-Are unique, integrated combination of skills, processes, & human
abilities ... created & housed w/in an org. Help orgs execute their strategy through
implementation of appropriate design choices. Different strategies require different
capabilities.

, Cost-leadership strategies - Answer-provide value to customers at lower cost than
competitors

differentiation strategy - Answer-A strategy an organization uses to build competitive
advantage by being unique in its industry or market segment along one or more
dimensions.

Structural Dimensions: Formalization - Answer-amount of written doc in a business
including procedures, job descriptions, regulations, policy manuals, code of ethics, etc.
- measured in # of doc pages

Structural Dimensions: Division of Labor - Answer-degree to which tasks are subdivided
into separate jobs (specialization)
- in firms w/low division of labor, employees perform a wide variety of tasks in their jobs

Structural Dimension: Hierarchy of Authority - Answer-describes who reports to whom in
the org
- flat orgs have very few levels of hierarchy
- "span of control" refers to the average # of employees that report to a manager

Structural Dimensions: Complexity - Answer-- orgs have vertical complexity when they
are tall (when they have many layers of hierarchy)
- horizontal complexity is the # of depts of occupational specialities that exist
horizontally in the org

Structural Dimensions: Centralization - Answer-refers to the hierarchical level where
decisions are made
- centralized orgs typically make decisions at top
- decentralized orgs delegate decision making

Outcomes of structural dimensions - Answer-Organizations with lower levels of
formalization tend to have more motivated and satisfied employees and higher levels of
innovation

Mechanistic Orgs - Answer-centralized decision making & formal, standardized control
systems
- complex structure, high degree of formulation, & high degree of centralization

Organic Orgs - Answer-flexible workplace w/horizontal mode of communication (flat,
decentralized)
- low levels of formalization, specialization, & standardization

Symptoms of Structural Deficiency - Answer-1. Absence of collaboration/coordination
between units
2. poor or delayed decision making

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$22.36. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$22.36
  • (0)
  Add to cart