Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 4.2, Problem 2CC
Why do change and shifts and technological developments create both challenges and new opportunities for business?
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Chapter 4 Solutions
Principles of Management
Ch. 4.1 - Define the components of the internal and the...Ch. 4.1 - What factors within the economic environment...Ch. 4.1 - Why do demographic shifts and technological...Ch. 4.2 - What factors within the economic environment...Ch. 4.2 - Why do change and shifts and technological...Ch. 4.3 - Why does the matrix structure have a dual chain of...Ch. 4.3 - How does a matrix structure increase power...Ch. 4.3 - What are advantages of a formal committee...Ch. 4.4 - Identify the six major organizational structures.Ch. 4.4 - Explain the McKinsey 7-S model.
Ch. 4.5 - How can employee diversity give a company a...Ch. 4.5 - Explain the concept of hiring for fit as it...Ch. 4.5 - What are some organizational issues that must be...Ch. 4 - Explain how several current environmental forces...Ch. 4 - What are ways to classify and describe how...Ch. 4 - What are a few industries and/or organizations...Ch. 4 - What are some major differences between organic...Ch. 4 - Which organization would you work best in, an...Ch. 4 - What are some advantages and disadvantages of...Ch. 4 - Do you think its true that every organization has...Ch. 4 - Why have functional structures been criticized for...Ch. 4 - What are some advantages and disadvantages of...Ch. 4 - How is a product structure one type of a...Ch. 4 - What are some disadvantages in working in a matrix...Ch. 4 - What advantages do matrix structures have compared...Ch. 4 - What advantages do geographic structures have...Ch. 4 - What are issues that working in a networked team...Ch. 4 - In what ways is a virtual organization and...Ch. 4 - What major trends discussed at the end of this...Ch. 4 - What purposes does an organizations culture serve...Ch. 4 - How does Exhibit 4.16 facilitate an understanding...Ch. 4 - What happened at Wells Fargo with regard to past...Ch. 4 - What internal dimensions of the company were part...Ch. 4 - How might the organizational structure of the...Ch. 4 - Identify and use relevant concepts from this...Ch. 4 - Suggest some solution paths the company might...
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- At the end of 2014, a large university hospital in the Netherlands launched a procurement tender exercise for surgical suture material. The rationale for hospital management to initiate this procedure was cost-cutting and standardization. The award criteria were focussed on the most economically advantageous tender. There were different suppliers on the market that were able to produce and deliver high-quality surgical suture material for a lower price than was currently being paid. Consequently, the tender was awarded to a new supplier. The top managers and purchasing manager who initiated the tender trod carefully and implemented this relatively small-scale change initiative according to some basic change management principles (e.g. Kotter, 2012): they built a guiding coalition that incorporated renowned medical specialists, they consulted department heads and they communicated the change to surgeons through different channels. Furthermore, it was recorded in the tender that the new…arrow_forwardDiscuss Resistance to change and strategies that can be adopted to reduce resistance. Why people resist change? Include scholarly sources with the website links next to each point of information provided.arrow_forwardTypes of gestures include which of the following? Group of answer choices motions accents emblems posturearrow_forward
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