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Related Flashcards
Cards In This Set
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What are vital to a firm's survival? (p 308)
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Responsiveness, quickness, agility, the ability to adapt to changing demands.
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Definition: a form of organization that seeks to maximize internal efficiency.
organic structure | strategic alliance | mechanical organization| high-involvement organization | learning organization |
Mechanical organization
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Definition: an organizational form that emphasizes flexibility.
organic structure | strategic alliance | mechanical organization| high-involvement organization | learning organization |
Organic structure
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What are some parts of the organic structure?
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-jobholders have broader responsibilities changing as needs arise (i.e. construction business)
-comm through advice and information instead of orders and instructions. -decision making and influence are decentralized and informal. -expertise is highly valued (i.e. cooking). -jobholders rely heavily on judgement of others. -obedience to authority is less important than committing to a organization's goals -employees depend on one another and relate information informally and personally. |
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The perspective on strategies and organization hinges on the concept of ________________.
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Core competencies
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A well-developed, well-understood core competence can enhance a company's _________________ and ________________.
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Responsiveness and competitiveness
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Managers desiring to strengthen their firms' competitiveness via core competence should focus on:
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Identifying existing core competencies; acquire/build on core competencies for the future; remain invested in competencies for the company to be far superior than the competitor; extend competencies into newer applications and opportunities of the future.
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Definition: a formal relationship created among independent organizations with the purpose of joint pursuit of mutual goals.
organic structure | strategic alliance | mechanical organization| high-involvement organization | learning organization |
Strategic alliance
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Definition: an organization skilled at creating, acquiring, and transferring knowledge, and at modifying its behavior to reflect new knowledge and insights.
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Learning organization
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Definition: top management ensures that there is a consensus about the direction in which the business is heading.
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High-involvement organization
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The best alliances reflecting a true partnership meet the following criteria:
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Individual excellence, importance, interdependence, investment, information, integration, institutionalization, integrity.
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Fundamental principles to the high-involvement organizations are
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Continual feedback to participants regarding how they compare with competition and how effective they are at meeting the strategic goals.
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_________ is one of the most important characteristics of an organization and one of the most important factors influencing its ability to respond effectively to its environment.
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Size
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Large companies tend to be bureaucratic resulting in ____________________.
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Rules, procedures, and paperwork.
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Size creates scale economies and economies of scope. Define scale economies.
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Scale economies: lower costs per unit of production.
economies of scope: economies where markets and processes employed in one product can be used to make other related products. |
