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OTD Exam Prep Questions with Latest Update

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Organization - Definition - Answer-the act of organizing a business or business-related activity Aspects of an organization - Answer-1 - are social entities 2 - are goal-directed 3 - are designed as deliberately structured and coordinated activity system 4 - are linked to the external enviro...

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  • October 17, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • otd exam prep questions with latest update
  • organization definition answer the act of orga

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OTD Exam Prep Questions with Latest
Update
Organization - Definition - Answer-the act of organizing a business or business-related
activity

Aspects of an organization - Answer-1 - are social entities
2 - are goal-directed
3 - are designed as deliberately structured and coordinated activity system
4 - are linked to the external environment

Organizations are made of people and their relationships to each other!

Types of Organizations - Answer-• Large multinational
• Small, maybe family owned (SME)
• Some manufacture products• Some provide services
• For profit and nonprofit organizations
• NGO's (non governmental organizations)

Current Challenges of Organizations - Answer-• Globalization
• Ethics and Social Responsibility
• Speed of Responsiveness
• The Digital Workplace
• Diversity

Importance of Organizations - Answer-• Bring together resources to achieve desired
goals and outcomes
• Produce goods and services efficiently
• Facilitate innovation
• Use modern manufacturing and information technologies
• Adapt to and influence a changing environment
• Create value for owners, customers and employees
• Accommodate ongoing challenges of diversity, ethics and the motivation and
coordination of employees

Open system perspective - Answer-a view of organizations that focuses on the
arrangement of roles and responsibilities, internal operations, and boundary-spanning
activities that enable the organization to persist and evolve over time

pays attention to the (open) boundary between the organization and its context

Closed system perspective - Answer-Focuses exclusively upon the organization.
Minimal consideration is given to the environment. Organizations are effectively sealed
off from the outside world in this perspective.

, focuses exclusively upon the organization without consideration of its dependence upon
or capacity to influence elements comprising its context.

Organizational Configuration - Answer-It is more difficult to imitate the unique --- that
drives excellent implementation and performance.

• Technical Core
• Technical Support
• Administrative Support
• Management - Top and Middle

Dimensions of Organization Design - Answer-Structural Dimensions & Contingency
Factors

Efficiency - Answer-Using resources in such a way as to maximize the production of
goods and services

Refers to the number of resources used to achieve the organization's goals.

Effectiveness - Answer-A measure of the appropriateness of the goals an organization
is pursuing and the degree to which the organization achieves those goals.

refers to the degree to which an organization achieves its goals.

Stakeholder Approach - Answer-Balancing the needs of groups in and outside of the
organization that has a stake in the organization's performance.

What is a stakeholder? - Answer-any group or individual who can affect or is affected by
the achievement of the organization's objectives

Major stakeholders - Answer-Union - Worker Pay and Benefits

Government - Obedience to laws and regulations and Fair competition

Community - Good corporate citizen and Contribution to community affairs

Suppliers - Satisfactory transactions and Revenue from purchase

Owners and Stockholders - Financial Return

Employees - Satisfaction, Pay and Supervision

Customers - High-quality goods/Services, Service and Value

Creditors - Creditworthiness and Fiscal responsibility

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