Chapter 11 Globus Exam with 100% correct answers

holacracy an organizational structure in which decision making authority is distributed through loose collections or circles of self organizing teams organizational design the process of creating, implementing, monitoring, and modifying the structure prcessesand procedures of a organizatin inertia a firm's resistance to change the status quo which can set the stage for the firms subsequent failure organizational structure a key to determining how the work efforts of individuals and teams are orchestrated and how resources are distributed Specialization an organizational element that describes the degree to which a task is divided into separate jobs Formalization an organizational element that captures the extent to which employee behavior is steered by explicit and codified rules and procedures Centralization an organizational element that refers to the degree to which decision making is concentrated at the top of the organization hierarchy an organizational element that determines the formal position based reporting lines and thus stipulates who reports to whom span of control the number of subordinates who report directly to a manager mechanistic organization characterized by a high degree of specialization and formalization and by a tall hierarchy that relies on centralized decision making organic organization Characterized by a low degree of specialization and formalization, a flat organizational structure, and decentralized decision making. simple structure organizational structure in which the founders tend to make all the important strategic decisions as well as run the day-to-day operations functional structure organizational structure that groups employees into distinct functional areas based on domain expertise ambidextrous organization an organization able to balance and harness different activities in trade-off situations ambidexterity A firm's ability to address trade-offs not only at one point but also over time. It encourages managers to balance exploitation with exploration.