Customers
Name two Internal Stakeholders.
Stockholders, Employees, Managers, Board Members.
Name the two types of motivation that can impact behavior.
Intrinsic and Extrinsic
Name a benefit of outsourcing.
Lower cost structure, Enhanced differentiation, and focus on the core business.
Regarding Organizational Characteristics, name the two types of hierarchies.
Tall hierarchies and flat hierarchies
What is the term for when managers are using company funds for personal consumption.
Self-dealing
What is the name of the theory where one party delegates decision-making to another?
Agent theory
What are the two types of Integration Mechanisms?
Formal and Informal
Name two of the four key elements of Control Systems.
Design, Culture, Processes, Leadership
This Lever of Organizational Control involves what actually matters.
Metrics
Name the Organizational Design focused on wider span of control.
Organic
Name at least one risks of Outsourcing.
Holdup, Increased competition, Loss of information and forfeit of learning opportunities.
Name two of the five Governance Mechanisms.
The Board of Directors, Stock-based Compensation, Financial Statements & Audits, The Takeover Constraint, and Internal.
Name the Organizational Design focused on formal authority with low to moderate uncertainty in the environment.
Mechanistic
List two of the five methods of control.
Personal, Bureaucratic, Output, Market, Incentives Control
Name two of the five Corporate Culture Types.
Bureaucratic, Entrepreneurial, Service, Family, Performance
Regarding Organization Characteristics, name one pro of Centralization.
Pros: 1) facilitate coordination, 2) decisions consistent with organizational objectives, 3) avoid duplication across the organization, 4) concentrate power (and accountability) in the management team
What were the two brands we discussed in class involved in short-selling and suspended trade?
Robinhood and GameStop
Name the three Potential Structures.
Functional, Multidivisional, and Matrix Structure
In lecture, we discussed STAR. What does this acronym stand for?
Stop, Test, Act, Reflect
In class, we discussed the Balanced Scorecard. List one of the four key perspectives.
Financial, Internal Business Processes, Learning and Growth, Customer