COM 322 UVIC Final Exam Study Set |Q&A Correctly Solved| Graded A+

COM 322 UVIC Final Exam Study Set |Q&A Correctly Solved| Graded A+ entrepreneurial stage *Ans* GOAL IS SURVIVAL!! Non-bureaucratic, informal structure, single product/service, personal reward/control, Innovation by owner/manager, management is individualistic Collectivity Stage *Ans* GOAL IS GROWTH!! Pre-bureaucratic, mostly informal structure, some procedures, major product or service with variations, rewards are personal, innovation from employees and management, top management is charismatic and direction-giving Formalization Stage *Ans* GOAL IS STABILITY, bureaucratic, there is a division of labour, formal procedures, a line of products/services, rewards are impersonal and formalized systems, innovation done by groups, Top management delegates control Elaboration Stage *Ans* GOAL IS REPUTATION, very bureaucratic, teamwork structure within the bureaucracy, multiple lines of products/services, extensive and tailored reward system, innovation by R&D, top management has a team approach functional structure *Ans* An organizational structure composed of all the departments that an organization requires to produce its goods or services. with the goal of internal efficiency & technical quality strengths of functional structure *Ans* Allows economies of scale Enables in-depth skill development Allows focus on one or few products weaknesses of functional structure *Ans* Slow response time to organizational changes Decisions piles up on top (hierarchy overload) Poor horizontal coordination among departments Silo mentality affects view of organizational goals Results in less innovation multidivisional structure *Ans* An organizational structure in which divisions are organized into separate profit centers with the goal of external effectiveness, adaptation, client satisfaction strengths of multidivisional structure *Ans* Facilitates high coordination across functions Allows units to adapt to differences in regions, clients, products Allows fast change in unstable environment Higher client satisfaction (clear product responsibility & contact points) weaknesses of multidivisional structure *Ans* Eliminates economies of scale Leads to poor coordination across product lines