Study Guide for Innovative and Strategic Thinking - D081 Questions and Answers

Study Guide for Innovative and Strategic Thinking - D081 Questions and Answers "Top-Down" Approach - CORRECT ANSWER-Management approach in which upper management or company executives make decisions and disseminate them to lower levels of the organizational hierarchy. Adhocracy Culture - CORRECT ANSWER-Type of externally focused, flexible organizational culture. Agile - CORRECT ANSWER-Project management approach, originally used for software development, characterized by quick, iterative cycles and frequent adaptations. Breakthrough Innovations - CORRECT ANSWER-The development of an entirely new product or process. Business Analysis - CORRECT ANSWER-Use of data about the internal and external business environment to identify business needs and objectives. Business Capabilities - CORRECT ANSWER-An organization's capacity and expertise to carry out specific business activities. Business Model - CORRECT ANSWER-A company's plan for creating value, including the types of products and services it will offer to earn revenue. Centralization - CORRECT ANSWER-Concentration or consolidation of control under one authority. Clan Culture - CORRECT ANSWER-Type of internally focused, flexible organizational culture. Codes of Conduct - CORRECT ANSWER-Set of rules outlining acceptable (and unacceptable) practices, behaviors, and processes an organization expects of its employees. Competing Values Framework - CORRECT ANSWER-Model for diagnosing an organization's cultural type.