More specifically an organizational structure can be organized in: It is a type of organization where people are grouped according to their area of professional competence and specialization. How changes are implemented within the organization Work performed by subordinates is stable and routine. Section 1. Course Hero is not sponsored or endorsed by any college or university. \text{Net Income} & 15.0 & 4.3 & 9.6 & 11.8 & 16.2\\ "All of it is interrelated, and all of it applies to our mission of increasing the safety of residents of South Haven, as well as that of our visitors. Typically organizational structure can be categorized based on several parameters and priorities. b. a. Reengineering Change management This employee has accountability in both directions. 4.3 Organizational Designs and Structures - OpenStax Pellentesque dapibus efficitur laoreet. In that case, how these companies structure their organization will also determine their ability to execute their mission. Finding the most appropriate organizational structure for a business depends on a number of factors. 1. e. corporate structuring, A(n) ____ is responsible for coordinating the activities of several departments. So they can demonstrate how a project supports the company's mission and values She has also written extensively on parenting and current events for the website Scary Mommy. a. Matrix approach Select all that apply. However, this change disrupts another team members work process: they need to do two additional tasks not related to the projects goal. Policies Each point of comparison is discussed in turn. Traditionally, one of the critical differentiators of an organizational structure is centralized vs. decentralized. Efficiency in the use and allocation of resources within the organization. 1 point Classic examples of extremely centralized organizations are represented by Government and bureaucracies in general. 2012& Which of the following is(are) an advantage of team structure? \text{Total Liabilities} & 525.3 & 524 & 602.1 & 632.3 & 637.2\\ b. team approach Boars' Nest Distributors is continually hampered by an inability to adapt to an unstable environment. right to left and top to bottom. Culture mapping to illustrate how the company's values, norms, and employees behavior may be affected by the project, Question 8 \text{Net Income} & 15.0 & 4.3 & 9.6 & 11.8 & 16.2\\ \text{Depreciation $\And$ Amortization} & 27.5 & 26.3 & 32.5 & 38.3 & 40.1\\ d. BCG approach Middle manager d. matrix a. wide; fewer A circular structure can promote communication and collaboration but can also be confusing, especially for new employees, because there is no clear chain of command. d. evaluate and reward performance. Define organizational culture. a. d. the power imbalance that can result between the sides of the matrix. c. matrix, teams \text{Mydeco Stock Price} & \$7.02 & \$3.55 & \$5.86 & \$8.33 & \$11.57\\ Barney and Betty work at Mountain Peak, Inc. Every company needs an organizational structurewhether they realize it or not. c. Scalar principle \text{Balance Sheet} & 2012 & 2013 & 2014 & 2015 & 2016\\ The geographical structure enables the company to create bespoke organizational structures that align with the locations culture, language and professional systems. As someone interviewing for a project management role, you ask questions about how team members provide feedback to one another, ways the company celebrates success, and whether risk-taking is encouraged. c. Horizontally e. None of these. Which of the following are important project management responsibilities? \text{Common stock, \$5 par value} & \$\hspace{10pt}510,000\\ e. none of these, Which of the following leads to strong coordination across functional areas and greater flexibility in responding to changes in the environments? \end{array} It might make it difficult for employees to understand their place in the organization. c. the competitive global environment. It differs from the traditional line structure by means of the existence of established channels for the horizontal sharing of information and direction, with a substantial increase in the sheer number of lines of communication. d. virtual network structure. c. authority and responsibility in top management's hands. c. Flat Which of the following best describes organizational structure? Select all that apply. In a _____ organization, the entire work flow is mechanized in a sophisticated and complex form of production technology. Select all that apply. a. three This compensation comes from two main sources. b. team based, horizontal c. team Are you sure you want to rest your choices? Commissions do not affect our editors' opinions or evaluations. \text{Chg. in Accounts Receivable} & 3.9 & 17.0 & 1.3 & (8.1) & (6.8)\\ b. Organic structure c. a high degree of centralization. a. divisional structure. However, instead of being structured around typical roles and job functions, it is structured around the companys products or markets. Organizations using functional structures group jobs based on similarity in functions. e. Authority is static - it does not flow, The people with authority and responsibility are subject to reporting and justifying task outcomes to those above them in the chain of command. Moonshots do not have to be aligned with the core business model of the company. Question 3. Creating and Gathering a Group to Guide Your Initiative, Section 3. a. divisional, teams b. the project; people b. enlarged tasks for employees. a. differentiation Financial Modeling & Valuation Analyst (FMVA), Commercial Banking & Credit Analyst (CBCA), Capital Markets & Securities Analyst (CMSA), Certified Business Intelligence & Data Analyst (BIDA), Financial Planning & Wealth Management (FPWM), Best Organizational Structures for a Business. Create a visual chart and make a decision. The structures given are simply meant to serve as examples that have been found to be effective for some community-based organizations; they can and should be adapted and modified for your own group's purposes. The geographical structure is a good option for companies with a broad geographic footprint in an industry where it is essential to be close to their customers and suppliers. As a project manager, you believe limited access to the necessary people and equipment could cause the project to go past deadline. IncomestatementRevenueCostofGoodsSoldGrossProfitSalesandMarketingAdministrationDepreciation&AmortizationEBITInterestIncome(Expense)PretaxIncomeIncomeTaxNetIncomeSharesoutstanding(millions)EarningspershareBalanceSheetAssetsCashAccountsReceivableInventoryTotalCurrentAssetsNetProperty,Plant&Equip.Goodwill&IntangiblesTotalAssetsLiabilities&StockholdersEquityAccountsPayableAccruedCompensationTotalCurrentLiabilitiesLong-termDebtTotalLiabilitiesStockholdersEquityTotalLiabilities&StockholdersEquityStatementofCashFlowsNetIncomeDepreciation&AmortizationChg. b. team d. Ad-hoc An organizational chart is a graphic that depicts the organizational structure. d. strategic planning e. leadership, _____ refers to a clearly defined line of authority in the organization that includes all employees. Shooting Star, Inc. has slow response to external changes, centralized decision making, and poor coordination across departments. Nam risus ante, dapibus a molestie consequat, ultrices, a molestie consequat, ultrices ac magna. Lorem ipsum dolor sit amet, consectetur adipiscing elit. The oldest was formed with the goal of eliminating domestic violence about fifteen years ago, when a local woman was killed by her husband. B A new scientific process is mentioned and pros and cons of the process are discussed. Make it black. \text{EBIT} & 55.5 & 38.4 & 46.7 & 55.2 & 65.8\\ c. Centralization; top MGMT 490 CH 10 exam 2 Flashcards | Quizlet b. matrix structure. Disadvantages of the virtual network approach include: Question 9 e. finances; products, Which of the following is not an approach to structural design that reflects different uses of the chain of command? Based on the organizational structure the company will also have a different shape. Commonstock,$5parvalue$510,000Treasurystock90,000Retainedearnings2,340,000Paid-incapitalinexcessofpar-commonstock1,320,000\begin{array}{lr} A company's shared values, mission, and history. Past performance is not indicative of future results. Report availability, Question 4 e. All of these. Lorem ipsum doloricitur laoreet. A matrix structure offers flexibility, enables shared resources and fosters collaboration within the company. c. emphasis on overall product and division goals. It involves reporting to stakeholders across teams in addition to direct managers. Nam lacinia pulvinar tortor nec facilisis. It refers to how a company is arranged, how job tasks are divided and coordinated, and how members of the organization relate to one another. c. resources; the project b. Centralization Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Get Certified for Commercial Banking (CBCA). e. teams, networks. b. planning [Solved] Which of the following statements best describes what Maintaining a Board of Directors, Section 8. c. divisional leader A matrix structure Organizational structure is something that is best decided upon internally, through a process of critical thinking and discussion by members of the group. Berkowitz, W.,&Wolff, T. (1999). Structured Query Language (known as SQL) is a programming language used to interact with a database. Excel Fundamentals - Formulas for Finance, Certified Banking & Credit Analyst (CBCA), Business Intelligence & Data Analyst (BIDA), Commercial Real Estate Finance Specialization, Environmental, Social & Governance Specialization, Cryptocurrency & Digital Assets Specialization (CDA), Business Intelligence Analyst Specialization, Financial Planning & Wealth Management Professional (FPWM). Strategic management of not-for-profit organizations: From survival to success. Nam lacinia pulvinar tortor nec facilisis. Stakeholder availability Your team develops software that meets the success criteria presented to you by your company's CFO. Donec aliquet. Agile Which of the following profile of an organization emphasizes creating, innovating, visioning the future, managing change, risk-taking, rule breaking, experimentation, entrepreneurship, and uncertainty? e. uses a matrix structure. e. hierarchy. The first element of structure is governance - some person or group has to make the decisions within the organization. Including Youth on Your Board, Commission, or Committee, Section 9. With centralized leadership, there is a transparent chain of command and each role has well-defined responsibilities. e. Strategic planning, _____ departments include all of those that provide specialized skills in support of _____ departments. d. based on the virtual network approach. b. Tangible output Weekly Challenge 4 Flashcards | Quizlet b. Nichole will have problems with unity of command. Your financial situation is unique and the products and services we review may not be right for your circumstances. a. functional Which of the following statements is most correct? \text{Cash from Investing Activities} & (26.6) & (23.8) & (97.5) & (75.4) & (40.0)\\ Donec aliquet. While there are variations, most companies are created based on one of the following four organizational structures. c. differentiation. Pellentesque dapibus efficitur laoreet. Stand out and gain a competitive edge as a commercial banker, loan officer or credit analyst with advanced knowledge, real-world analysis skills, and career confidence. d. communication; no cost How the organization's identity and personality is demonstrated e. functional approach, In the _____ structure, the organization is viewed as a central hub surrounded by a network of outside specialists which are sometimes spread all over the world. Goals alignment that makes groups of people work in coordination to achieve common business objectives. Genevieve's Children's Coalition is a relatively large community-based group. And it can occur in parallel with, at the same time as, your organization's growing accomplishments, so they take place in tandem, side by side. c. narrow; wider b. product Makai's Marketing Mix (MMM) does not use its resources wisely.
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