What business strategy is best supported by a structure with moderate formalization, moderate centralization, and moderate specialization? A. Innovation B. Differentiation C. Low-cost
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Choose the response that best answers the question.
What business strategy is best supported by a structure with moderate formalization, moderate centralization, and moderate specialization?
A. Innovation
B. Differentiation
C. Low-cost
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- Please ASAP. Thank u Amy has missed class for the past two weeks. She learned that the class discussion during her absence focused on building successful business models. She is unsure of the meaning of a business model. She comes to you for a better definition and conceptualization of a business model. You would probably tell her that a business model is ____________________________. A firm’s intention to further pursue a business opportunity. A firm’s plan of action. A firm’s ability to generate profits once it is started. A firm’s plan or diagram for how it competes, uses its resources, structures its relationships, interfaces with customers, and creates value to sustain itself on the basis of the profits it earns.Visit two local small businesses, one in the service sector and one in manufacturing. Interview employees from these organizations to obtain examples of both supertype/ subtype relationships and business rules (such as “A customer can return merchandise only with a valid sales slip”). In which of these environments is it easier to find examples of these constructs? Why?IBM is a global company with multiple products and is present in multiple countries. IBM structured its business by appointing a CEO for each country. CEO of a country manages all the products in that individual country and adapts the products and company to the local circumstances. What kind of organization is IBM? Geographic Organization Functional organization Matrix organization Product organization
- 50. Which of the following is one of the advantages of ethical decision-making as a long-term business strategy?a. Ethical behavior will increase short-term profits.b. Ethical behavior will provide positive press opportunities.c. Ethical behavior can ensure positive employee relationships.d. Ethical behavior can provide significant competitive advantage.Organisations are categorized as either closed or open systems. In an open strategic process _____________________: a. Does not depend on its environment for sustenance b. Free dissemination of a firm’s strategies c. Participants in a visible strategy process become more attractive to rival firms which may lure them away d. Managers, employees, and other stakeholders can readily contribute to the process. They often have excellent ideas. Secrecy would forgo many excellent ideas.Match each business model type with the correct description. Remember to select a different business model type for each description. Business model type Product business model Multisided business model Solution business model Matchmaking business model Description A company controls a platform where sellers and buyers exchange products or services. A product or service is designed according to specifics defined by each customer. A product or service is offered to customers. A company provides different products and services to different groups of clients who gain some benefit from the existence of the other group of clients.
- Effective management is a multifaceted discipline that encompasses various aspects such as planning, organizing, leading, and controlling to achieve organizational goals efficiently and effectively. Planning involves setting objectives, identifying strategies, and allocating resources to accomplish tasks within specified time frames. Organizing entails structuring roles, responsibilities, and resources to facilitate the execution of plans and achieve synergy among team members. Leadership involves inspiring, motivating, and guiding individuals and teams to perform at their best, fostering a positive work environment conducive to innovation and growth. Control involves monitoring performance, identifying deviations from plans, and implementing corrective actions to ensure alignment with organizational objectives. Additionally, effective management requires strong communication skills to convey information, foster collaboration, and build relationships both internally and externally.…Which of the following is the last step in developing an organization structure? a. Clear definition of objectives b. Determine the structure c. Revise the system on the basis of assessment of personnel and funds d. Identifying the activities and grouping them into convenient classesfacilitates flexibility, decreases reaction time to environmental changes, and empowers lower-and mid-level managers by providing them with the authority and responsibility necessary to make critical decisions. O decentralization O centralization O complexity O professionalism O standardization formalization
- Is a strategic issue positive or negative? Positive, because once the strategic issue is addressed, it becomes the focus point of the business Positive, because the issue can be resolved and dealt with Negative, because the issue cannot be resolved Negative, because your company should not be having strategic issues Positive, because as long you are strategic, it will work out.Organizing plays a crucial role in achieving efficiency and success in various aspects of life, whether in personal endeavors, businesses, or community initiatives. The process involves systematically arranging elements, resources, or tasks to streamline operations and achieve specific goals. In a professional setting, effective organizing ensures that teams work cohesively, deadlines are met, and resources are utilized optimally. It requires clear communication, strategic planning, and a well-defined structure. Additionally, personal organization skills are essential for managing time, setting priorities, and maintaining a healthy work-life balance. Overall, organizing is a fundamental concept that underlies the smooth functioning of both individual and collective efforts. Question: How can individuals enhance their organizational skills to improve productivity in both personal and professional domains?Select the characteristics that firms should look for in a partner when pursuing an M&A. You may select one or more. Select one or more: a. b. The firm is undervalued. The firm has poor leadership. c. There is organisational fit. d. There is strategic fit.
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