mmodule 4

Question 1

environmental uncertainity

Answer 1

decision makers do not have sufficient info about enviro factors and they have a difficult time predicting external changes

Question 2

three sources of uncertainty

Answer 2

complexity, dynamism, richness

Question 3

transaction cost theory

Answer 3

understand and address transaction costs

Question 5

contingency theory

Answer 5

management approach in which the design of an orgs structure is tailored to the sources of uncertainty facing an org

Question 6

differentiation

Answer 6

differences in cognitive and emotional orientation of amond managers and differences in formal structures in diff functional depts

Question 7

integration

Answer 7

quality of collaborate among the depts

Question 8

resource dependency theory

Answer 8

the goal of an org is to minimize its dependence on other orgs for the supply of scarce resources in its enviro and to find ways of influencing them to make resources available

Question 9

bounded rationality

Answer 9

human beings have only limited resources and skills and ability to deal with the environment

Question 10

opportunism

Answer 10

some people that orgs interact with act opportunistically

Question 11

small number

Answer 11

when orgs depend on few or scarce number of external resources

Question 12

risk of specific assets

Answer 12

a specific asset are investments that create value in one particular exchange but have no value in any other exchanges

Question 13

red queen theory

Answer 13

evolving in the face of competition to survive

Question 14

Simple complex dimension

Answer 14

number and dissimilarity of external elements relevant to an organization’s operations

Question 15

stable-unstable dimension

Answer 15

whether elements in the environment are
dynamic

Question 16

dynamism

Answer 16

how fast and how quickly an environment changes
stable to unstable

Question 17

richness

Answer 17

amount of resources available to support a domain

rich to poor

Question 18

symbiotic interdependencies

Answer 18

Interdependencies that exist
between an organization and
its suppliers and distributors

Question 19

competitive interdependencies

Answer 19

Interdependencies that exist
among organizations that
compete for scarce inputs and
outputs.

Question 20

cooptation

Answer 20

A strategy that manages
symbiotic interdependencies by
neutralizing problematic forces
in the specific environment.

Question 21

Keiretsu

Answer 21

A group of organizations, each
of which owns shares in the
other organizations in the
group, that work together to
further the group’s interests.