Growth and Advancement
Emerging from individualistic motives, communicative misunderstandings, relational distrust, and a general intolerance toward transformation.
What is resistance to change?
A form of departmentalization that lowers costs by reducing duplication.
What is functional departmentalization?
An unmatched position that opposing companies have attempted, but have been unsuccessful in replicating, and have, at least temporarily, ceased trying to imitate.
What is Sustainable Competitive Advantage?
The product development team at a company has the highest productivity in the company. The team synergy is high, and team members take joint responsibility for the execution and completion of tasks.
What is performing?
Defined limits on how many units or how much volume of a product may be imported.
What are Quotas?
The five aspects are design iterations, testing, milestones, multifunctional teams, and powerful leaders.
What is the experiential approach to innovation?
An organization that outsources noncore business activities to outside companies, suppliers, specialists, or consultants.
What is a modular organization?
An overarching organizational strategy that seeks to answer the question: “In which business or set of businesses should the organization compete?
What is Corporate-Level Strategy?
A consumer electronics manufacturer introduced a new solar cooker in the market. The team responsible for the successful launch of the product consisted of product designers, innovators, engineers, marketing professionals, and sales professionals. This is an example of a(n):
What is a cross-functional team?
Described as tax-free measures that raise costs or restrict the quantity of imported goods
What are nontariff barriers?
Filed for bankruptcy twice. It has shrunk from 7,000 stores to just over 300 today.
Who was Radio Shack?
You have been performing the same tasks at work for a long time, and your manager decides to expand your role by adding more varied responsibilities to keep you engaged. This is an example of:
What is job enlargement?
Successful companies are often stuck in a rut and unwilling to make changes to their processes.
What is competitive inertia?
They handle and control all of the major tasks directly related to the production of a product or service without first getting approval from management.
What are self-managing teams?
Trade barriers are established to protect the health and safety of citizens.
What is the Government import standard?
The expertise, tools, and approaches that transform raw inputs into finished outcomes.
What is technology?
Daily Double: An employee at a restaurant is assigned the task of serving soft drinks to customers who order meals consisting of French fries, a burger, and a roll. Which of the following best exemplifies the employee’s job design?
What is job specialization?
McDonald's, Burger King, Wendy's, and DQ all have this in common.
Who are direct competitors?
A company wants to recognize its top-performing teams without offering monetary incentives. Instead, it organizes an annual awards ceremony where high-achieving teams receive certificates, plaques, and public recognition from senior management. Employees feel valued, and motivation increases.
What are non-financial rewards?
Daily Double: The two main types of partnership contracts in international business
What is licensing and franchising?
Daily Double: The organization lost money eight out of the last ten years and fired half of the company’s 7,500 employees to reduce costs and restore profitability.
Who is X OR Elon Musk?
It prevents the confusion that might arise when an employee receives conflicting commands from two different bosses.
What is unity of command?
Daily Double: Assess the need for strategic change, conduct situational analysis, & choose strategic alternatives.
What are the steps involved in the strategy-making process?
Daily Double: At the company, every employee manages their own work and bears full responsibility for the completion of the task. The employees also have complete autonomy over how they finish their work. This is an example of a:
What are self-designing teams?
Two companies are pooling their resources to construct the world’s largest railway system, with costs and profits shared equally.
What is a strategic alliance?