MGT 7 Implementing Strategies

Question 1

This is a decentralized activity that involves all managers in an organization.

Answer 1

Establishing Annual Objectives

Question 2

This refers to specific guidelines, methods, procedures, etc. established to support and encourage work towards stated goals.

Answer 2

Policies

Question 3

This is a central management activity that allows for strategy execution.

Answer 3

Resource Allocation

Question 4

This can be defined as a disagreement between two or more parties on one or more issues.

Answer 4

Conflict

Question 5

This method for dealing with conflict includes actions such as ignoring the problem until it goes away. Or separating the individuals

Answer 5

Avoidance

Question 6

This method for dealing with conflict includes playing down differences and looking for a compromise with neither winner or loser.

Answer 6

Defusion

Question 7

This method for dealing with conflict includes making them exchange their ideas in order for them to develop an appreciation for the other’s point of view and work through their differences

Answer 7

Confrontation

Question 8

This is the first basic type of organizational structure, it’s also the most widely used because its the simplest and the least expensive.
This structure groups tasks/activities by business function.

Answer 8

Functional Structure

Question 9

This is the second most common and basic type of organizational structure can be simplified with the word decentralization.

Answer 9

Divisional Structure

Question 10

What are the 4 ways a Divisional Structure can be organized?

Answer 10

By geographic area
By product or service
By customer
By process

Question 11

This type of production approach have withstood the test of time because it reduces the cost of implementing strategies

Answer 11

Just-In-Time Production

Question 11

This involves reconfiguring work, jobs, processes for the purpose of improving cost, quality, service and speed. Also called Process Management/Innovation/Redesign

Answer 11

Reengineering

Question 11

This structure groups similar divisions into business units and delegates authority and responsibility for each unit into a senior executive who reports directly into the chief executive

Answer 11

SBU, Strategic Business Unit Structure

Question 11

This structure is the most complex design because it relies on both vertical and horizontal flows of authority and communication.

Answer 11

Matrix Structure

Question 11

This involves reducing the size of the firm in terms of number of employees, number of divisions, number of hierarchal levels. Also known as Downsizing/Rightsizing/Delayering

Answer 11

Restructuring

Question 11

This can be considered to be the single greatest threat to successful strategy implementation.

Answer 11

Resistance to Change

Question 11

These are temporary layoffs. More and more companies are using this to cut costs as an alternative to laying off employees

Answer 11

Furloughs