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MGMT 3000 Lyons - Jeopardy Review Video Exam Questions and Answers 2024/2025( A+ GRADED 100% VERIFIED).

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MGMT 3000 Lyons - Jeopardy Review Video Exam Questions and Answers 2024/2025( A+ GRADED 100% VERIFIED).

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MGMT 3000 Lyons - Jeopardy Review
Video
The formal systems, levers, and decisions an organization adopts or employs in pursuit of its
strategy
Organizational Design


Name at least one key decision that organizational design encompasses
1. How will jobs be divided and how much autonomy will be allowed throughout the organization
2. Should jobs be formalized
3. Should the company organize around customers, geographic regions, product categories,
functions, or some combination of these?




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This kind of company is characterized by:
(I) a high degree of job standardization and job specialization;
(II) specific definitions of roles and responsibilities;
(III) more hierarchical leadership with clear lines of authority;
(IV) information communicated in a hierarchical manner from superior employee; and
(V) encouragement of employees to develop job-specific knowledge within their narrow area of
specialization
Mechanistic Organization/Bureaucracy


The most extreme form of mechanistic organization in which,

, - systems are highly formalized and are characterized by extensive rules, procedures, policies
and instructions
- superiors closely supervise subordinates
Bureaucracy/Bureaucratic Approach


The opposite of mechanistic organization characterized by:
(i): a low high degree of job standardization and job specialization
(ii): loose definitions of roles and responsibilities
(iii): less hierarchical leadership with less emphasis on lines of authority
(iv): information communicated laterally in a more advice and consensus form
(v) encouragement of employees to develop job knowledge outside their area of specialization
Organic Organization/Clan Approach


According to Reed Hastings of Netflix, this is the true indicator of a company's actual values and
culture
Who gets rewarded, promoted, and fired (i.e. the behavior and skills valued in fellow employees


According to the text, these two dimensions of "values" determine whether an organization has
a strong culture
Intensity of values and agreement about values


Organizational culture is particularly important in this crucial moment of corporate-level strategy
Mergers and Acquisitions/Challenges in merging two corporate cultures


The three levels of organizational culture
1. artifacts
2. beliefs and values
3. assumptions


Stories, legends, myths, and parables are an example of this form of indoctrination
Cultural Socialization


Name the two essential considerations in any company's management of human capital
Strategic growth
Strategic objectives

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