Business Objectives And Functions

Question 1

Which of aims and objectives are quantitative?

Answer 1

Objectives

Question 2

What are the 4 Cs of HR?

Answer 2

Commitment
Competence
Congruence
Cost-effectiveness

Question 3

What are the 4 / 7 Ps of marketing?

Answer 3

Product
Price
Promotion
Place

People
Processes
Physical evidence

Question 4

What is a functional manager?

Answer 4

A functional relationship means that a manager has authority in certain areas over another department. The IT manager could have functional authority over other depts.

Question 5

What is a machine bureaucracy all about?

Answer 5

These depend primarily on the standardisation of their operatjng work processes for co-ordination. Because of that, the techno structure which houses the analysts (technocrats) who do the standardising, emerges as the key part of the structure.

Question 6

What is the main thing for a procurement manager to think about?

Answer 6

Whether to order more and incur inventory holding costs or to order less and risk delaying production

Question 7

What is the key building block in a divisional business?

Answer 7

The middle line

Question 8

What are the ways which the different building blocks of an organisation can be integrated together according to Mintzberg?

Answer 8

Mutual adjustment (informal communication between employees)

Direct supervision

Standardisation of:

• work processes
• outputs
• skills
• norms

Question 9

What is an internal process culture ?

Answer 9

It is one in which the business looks inwards, aiming to make its internal environment stable and controlled, with stable goals and defined procedures for all activities

Question 10

What are ray Quinn’s 4 types of business culture?

Answer 10

Flexibility

In look. HR cult. Open systems cult. Out look.
Internal proc. Rational goal cult.

                          Control

Question 11

What are primary activities in Porter’s value chain model (big arrow)

Answer 11

Inbound logistics
Operations
Outbound logistics
Marketing/sales
Customer service

Question 12

What is a disaster?

Answer 12

When a businesses operations or a significant part of them break down for some reason, leading to potential losses of equipment, data or funds

Question 13

Does cyber risk extend to someone leaving their tablet somewhere and it getting nicked.

Answer 13

Of course

Question 14

What do partners take from a business?

Answer 14

Drawings