APSM 3340 Exam 2 chapter 6 Questions with Complete Solutions
what are the 5 forces of change Correct Answer-environmental, economic, social, demographic, technological
what brings about the 5 forces of change Correct Answer-varying demands of a global marketplace
define the environmental force of change Correct Answer-adjust internally to keep up with external forces
define economic force of change Correct Answer-discretionary funds
define social force of change Correct Answer-sociology of sport
define demographic force of change Correct Answer-recruiting different demographics/broadcasting in different languages
define technology force of change Correct Answer-social media, wearable technology
what skills do you need as a manager to manage change Correct Answer-conceptual and decision-making what is the relationship between strategy and structure Correct Answer-
structure is implemented after strategy is determined
what are the 4 corporate strategies Correct Answer-growth, stability, turnaround and retrenchment, combination
what are the 4 growth strategies Correct Answer-concentration, integration, diversify, m&a
what are the 6 aspects of business strategies Correct Answer-prospect, defend, analyze, product differentiation, cost leadership, focus
what are the 4 financial strategies Correct Answer-operating, marketing, Human Resources, finance
what are the 5 principles of structure Correct Answer-unity of command/direction, chain of command, span of management, authority, flexibility
what are three categories of structure in an organization Correct Answer-
authority, organizational design, job design
what is the benefit of technology as a variable of change Correct Answer-increases productivity and thus helps organizations gain competitive advantages
what are the 5 forces of change Correct Answer-environmental, economic, social, demographic, technological
what brings about the 5 forces of change Correct Answer-varying demands of a global marketplace
define the environmental force of change Correct Answer-adjust internally to keep up with external forces
define economic force of change Correct Answer-discretionary funds
define social force of change Correct Answer-sociology of sport
define demographic force of change Correct Answer-recruiting different demographics/broadcasting in different languages
define technology force of change Correct Answer-social media, wearable technology
what skills do you need as a manager to manage change Correct Answer-conceptual and decision-making what is the relationship between strategy and structure Correct Answer-
structure is implemented after strategy is determined
what are the 4 corporate strategies Correct Answer-growth, stability, turnaround and retrenchment, combination
what are the 4 growth strategies Correct Answer-concentration, integration, diversify, m&a
what are the 6 aspects of business strategies Correct Answer-prospect, defend, analyze, product differentiation, cost leadership, focus
what are the 4 financial strategies Correct Answer-operating, marketing, Human Resources, finance
what are the 5 principles of structure Correct Answer-unity of command/direction, chain of command, span of management, authority, flexibility
what are three categories of structure in an organization Correct Answer-
authority, organizational design, job design
what is the benefit of technology as a variable of change Correct Answer-increases productivity and thus helps organizations gain competitive advantages
