Bu398 Ob Final Exam Chapter 2 Quiz

The correct answer highlights that an organization's mission goes beyond financial goals and emphasizes values, beliefs, and overall purpose.

Operative goals are a key aspect of organizational management and focus on the objectives that the organization aims to achieve through its operational activities. These goals are not solely limited to financial targets, location, or personal objectives, but encompass a broader scope of what the organization is striving to accomplish.

Goals are essential in providing direction, motivation, and clarity in an organization. Official goals establish legitimacy and organizational purpose, while operative goals guide employees in their daily tasks and provide a standard for performance evaluation.

A strategy is a systematic and well-thought-out plan that considers the competitive environment and guides actions towards achieving organizational objectives.

Porter's Competitive Strategies are focused on creating a competitive advantage through different methods such as cost leadership, differentiation, and focus.

Porter's competitive strategies include cost leadership, differentiation, and focus. Differentiation focuses on offering unique products or services to target customers who value that uniqueness and are less price-sensitive. It involves creating a distinct brand image and establishing a competitive advantage by offering something different from competitors.

In this question, we are focusing on low-cost leadership as one of Porter's competitive strategies. The correct answer details how a company gains a competitive advantage by producing products or services more efficiently than its competitors at a low cost. The three incorrect answers describe different competitive strategies like differentiation, focus, and cost leadership, which do not align with the specific strategy of low-cost leadership outlined in the question.

Focus in Porter's competitive strategies involves either focused low-cost leadership or focused differentiation, where the organization targets a narrow competitive scope with either low cost or unique offerings. Broad differentiation, being stuck in the middle, or pursuing cost leadership with a broad scope would not align with the concept of focus as described by Porter.

Miles & Snow's Strategy Typology categorizes organizations into Prospector, Defender, Analyzer, and Reactor based on their strategic approach and orientation towards innovation and risk-taking.

The Prospector part of the Miles & Snow Strategy Typology is characterized by a learning orientation, flexible structure, strong research capabilities, and a focus on creativity, risk-taking, and innovation. The incorrect answers provided go against these key traits.

The Defender strategy in the Miles & Snow Typology focuses on efficiency, centralized authority, tight cost control, production efficiency, low overhead, close supervision, and little employee empowerment.

The incorrect answers provided either focus on one aspect exclusively (cost cutting, creativity, adaptability) or provide a contradictory statement to the actual description of the Analyzer part of the Miles & Snow Strategy Typology. The correct answer emphasizes the importance of striking a balance between efficiency and learning, cost control along with flexibility, stable production as well as focus on creativity, research, and risk-taking.

The Reactor part of the Miles & Snow Strategy Typology is characterized by a lack of clear organizational approach and the ability for design characteristics to shift abruptly depending on current needs.

A strategic review addresses key questions related to alignment of operations, goals, strategy, and mission to ensure effective planning and decision-making.

The resource-based effectiveness approach focuses on obtaining and managing resources successfully to gain a competitive advantage.

The internal effectiveness approach focuses on optimizing internal processes and resources for maximum efficiency and smooth functioning.

The goals-effectiveness approach in organizational management is centered around identifying an organization's output goals and examining the methods employed to reach these goals. This approach does not prioritize individual employee goals, solely focus on revenue generation, or assess success based only on financial profitability.

When considering the effectiveness of goals, operative goals have shown to be more productive indicators compared to official goals.

The goals effectiveness approach is essential in business organizations as it allows for the easy measurement of output goals such as profitability, growth, market share, and ROI, which are key metrics for evaluating performance and success.

The resource-based effectiveness approach has limitations such as assuming stability in the marketplace and not adequately considering changes in the competitive environment and customer needs.

The correct answer outlines indicators of the internal effectiveness approach, which include economic efficiency, strong corporate culture, teamwork, communication, rewards for managers, and conflict resolution.

The Competing Values Model is a perspective on organizational effectiveness that is focused on combining diverse indicators of performance that represent different and sometimes opposing management values.

The correct answer states to refer to an image which contains the description of the 4 models of effective values. The incorrect answers provided do not accurately represent the 4 models mentioned in the image.

The question is about the different aspects of focus as described in the 4 models of effective values, specifically highlighting the distinction between internal focus (employee well-being) and external focus (organization well-being). The incorrect answers provide misleading information or incorrect statements regarding the concept of focus in this context.

The question is specifically asking about the structural consideration in the 4 models of effective values, not physical layout or rigidity of rules.

The open systems emphasis in the 4 models of effective values involves focusing on growth, resource acquisition, flexibility, readiness, and positive external evaluation. It prioritizes establishing a good relationship with the environment to acquire resources and grow.

Rational goal emphasis focuses on productivity, efficiency, and profit-oriented goals with a structured and controlled approach.

Internal process emphasis focuses on maintaining internal stability and control within the organization, rather than prioritizing external factors or short-term gains.