Chapter 8 Flashcards
the term for the processes and initiatives needed to support and direct the product/service transformation within the organization, the creation of the value proposition applicable to such products/services, and the distribution, marketing, sales, and service in support of these products/services
value chain
the formal framework around which tasks are organized and responsibilities allocated within an organization, evolves over time
structure
_________ organizational structure takes into consideration individuals with specific expertise may be needed on teams in other areas; Common in engineering, construction, and project-driven organization
matrix
What type of organization organizes itself around communication and technologies and capabilities rather than physical domain features?
virtual organization
Building blocks of structure (1): Refers to the alignment of the tasks required to support the design, development, marketing, distribution, and sale of an organization’s products/services in the most efficient and effective manner possible
work efficiencies
Building blocks of structure (2): Refers to the process of dividing the organization’s work units into defined functional areas (i.e. finance, engineering, manufacturing, and marketing)
degree of departmentalization
Building blocks of structure (3): The term for the interactions and connectivity that organizations seek to foster with their customers in order to meet their expectations for contact, service, and support
customer intimacy
defines how the individuals within the organization behave and how the organization as a whole will react to both internal and external challenges and stimuli
culture
outlines 5 key dimensions managers need to asses as they evaluate the impact of cultural interaction inside and outside of their organizations
- large vs small power distance
- individualist vs collectivist
- masculinity vs femininity
- strong uncertainty avoidance vs weak uncertainty avoidance
- short vs long term orientation
Hofstede’s cultural dimensions model
refers to the level and style of interaction that occurs among employees and between work units and their management teams
employee interaction
- _____ structure: owner makes all decisions
simple
- _____ structure: organizes around departments - marketing, HR, manufacturing, finance, etc
functional
- _____ structure: organizes around customers - individuals, businesses, institutions, charities
customer
- _____ structure: organizes around divisions - health and medical, small appliances, industrial products, customer credit
divisional
- _____ structure: organizes geographically - North America, Europe, Asia, Central America, South America
geographic