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Organizational Management Essentials
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Organizational Management Essentials
Organizational Management Essentials
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1
Question
What are the four modern management functions?
Answer
Planning, organizing, leading, and controlling
2
Question
What is span of control?
Answer
The maximum number of subordinates a manager can effectively oversee
3
Question
Define bureaucracy.
Answer
A hierarchical system with clear rules, defined authority, and high specialization
4
Question
What is the difference between centralization and decentralization?
Answer
Centralization concentrates decision-making at higher levels; decentralization distributes it
5
Question
Name a primary advantage of a functional structure.
Answer
Efficiency within specialized functions (e.g., marketing, production)
6
Question
What is a corporate governance board’s primary responsibility?
Answer
To govern and direct the organization, overseeing CEO and policy
7
Question
List the stages of the Organizational Life Cycle (OLC).
Answer
Start-Up, Growth, Maturity, Reinvent, Decline, Exit
8
Question
What characterizes a Multinational Corporation (MNC) in global structure?
Answer
Subsidiaries in host countries with local autonomy and HQ-origin decisions
9
Question
What is the goal of alignment in an organization?
Answer
Ensure strategy, structure, and activities support each other
10
Question
What is the purpose of the Board of Directors?
Answer
To govern, set broad goals, and oversee management
11
Question
Define stakeholder in corporate governance.
Answer
Anyone affected by the company's actions, not limited to shareholders
12
Question
What is the difference between a group and a team?
Answer
Team members have interdependent tasks toward a shared goal; groups may not
13
Question
What is the primary aim of strategy planning in global organizations?
Answer
Create shareholder and stakeholder value via customer-centric value
14
Question
What does the PESTLE framework assess?
Answer
Political, Economic, Social, Technological, Legal, Environmental factors
15
Question
What is the difference between Universalism and Particularism in Trompenaars’ model?
Answer
Universalism: rules apply everywhere; Particularism: relationships govern rules
16
Question
What does Hofstede’s Power Distance measure?
Answer
Acceptance of unequal power distribution in a culture
17
Question
What is the basic idea of the Balanced Scorecard (BSC)?
Answer
Translate strategy into measurable performance across perspectives
18
Question
Define Strategy Execution.
Answer
Putting strategic plans into action through organizational activities
19
Question
What is the difference between Vision and Mission?
Answer
Vision is future-focused purpose; Mission describes current role and actions
20
Question
What is strategic alignment?
Answer
Harmony between strategy, structure, processes, and culture
21
Question
What are the three core elements of organizational culture according to Schein?
Answer
Assumptions, espoused values, artifacts
22
Question
What is organizational culture?
Answer
The shared beliefs, values, and norms guiding behavior
23
Question
What is the difference between efficiency and effectiveness in management goals?
Answer
Efficiency = resources used; Effectiveness = goals achieved
24
Question
What is the meaning of corporate social responsibility (CSR)?
Answer
Company actions that influence social, environmental, and economic well-being
25
Question
What is the purpose of a SWOT analysis?
Answer
Identify Strengths, Weaknesses, Opportunities, Threats
26
Question
What are the two dimensions of Trompenaars’ culture model?
Answer
Person-oriented vs. task-oriented; Hierarchical vs. egalitarian
27
Question
What is the difference between high-context and low-context communication?
Answer
High-context relies on implicit cues; low-context relies on explicit language
28
Question
What is the primary focus of Stage 1: Domestic globalization stage?
Answer
Domestic market with export department handling initial foreign sales
29
Question
What is vertical integration in growth strategy?
Answer
Gaining control of inputs or outputs along the production chain
30
Question
Define “Transnational” in globalization stages.
Answer
Glued global efficiency with strong local responsiveness (glocalization)