THINK YOU KNOW
[DAILY TRIPLE]
The opposite of Feedback.
What is Feedforward?
[DAILY DOUBLE]
This key element provides a company with an essential edge to compete in the marketplace.[DAILY DOUBLE]
A company that competes by offering unique products that are widely valued by customers is following this type of competitive strategy.[DAILY DOUBLE]
Reducing an organization's workforce.
(HINT: the answer is not downsizing)
[DAILY TRIPLE]
The number of employees a manager can efficiently and effectively manage.
What is Span of Control?
[DAILY DOUBLE]
The acceptable range of this measurement between parameters of a standard and actual performance.
What is Variance or Variation?
[DAILY DOUBLE]
This analysis is performed and provides an analysis on 4 dimensions that provide insight into a company's strong points, weak points, areas of vulnerabilities, and areas to exploit.What is S.W.O.T. Analysis?
[DAILY DOUBLE]
An increased commitment to a previous decision despite evidence it may have been wrong.Good managers anticipate change, exploit opportunities, correct poor performance, and lead their organizations. To do this effectively, a manager has to be held accountable when the performance is not good. A manager that fully accepts this level of accountability is said to have this type of view.
What is 'Omnipotent' View of Management?
What are Financial Ratios?
[DAILY DOUBLE]
This type of personality trait is needed in individuals who are more prone to take actions to influence their environments.
(DAILY QUADRUPLE)
Some managers find it very challenging to adapt to this organizational model in which employees/managers make decisions locally and abroad.
What is Decentralization? (Chapter 11 - Designing Organizational Structure)
The active search for best practices among competitors or noncompetitors that lead to their superior performance.
What are Benchmarks?
[DAILY DOUBLE]
This type of integration provides a company with the opportunity to be its own supplier.A preconceived belief, opinion, or judgment toward a person or a group of people.
What is Prejudice?
[DAILY TRIPLE]
An organizational design that's rigid and tightly controlled.
What is Mechanistic Organization?
(DAILY QUADRUPLE)
This management performance tool has a balanced view, not just a financial perspective.
What is the Balanced Scorecard?
This analytical research 'process' is essential before starting any proposed entrepreneurial venture.
What is a Feasibility Study?
This type of purchasing or talent acquisition strategy may upset some stakeholders because it reduces jobs and hires labor from around the world wherever it is cheapest.
What is Global Sourcing? or
What is Outsourcing?