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Model_to_use_in_Internal_Assessment_(1).pdf Flashcards
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Model_to_use_in_Internal_Assessment_(1).pdf Flashcards
Model_to_use_in_Internal_Assessment_(1).pdf Flashcards
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1
Question
Answer
2
Question
What are the most common uses of the McKinsey 7S framework?
Answer
To facilitate organizational change, help implement new strategy, identify how each area may change in the future, facilitate the merger of organizations.
3
Question
What are the hard elements in the McKinsey 7S model?
Answer
Strategy, structure, systems.
4
Question
What are the soft elements in the McKinsey 7S model?
Answer
Style, staff, skills, shared values.
5
Question
What does a well-aligned strategy mean in the McKinsey 7S model?
Answer
A strategy that is clearly articulated, long-term, helps achieve competitive advantage, and is reinforced by strong vision, mission, and values.
6
Question
What does 'structure' represent in the McKinsey 7S model?
Answer
The way business divisions and units are organized, including accountability.
7
Question
What are 'systems' in the McKinsey 7S model?
Answer
Processes and procedures that reveal daily business activities and decision-making processes.
8
Question
What do 'skills' represent in the McKinsey 7S model?
Answer
The abilities, capabilities, and competences of the firm's employees.
9
Question
What does the 'staff' element focus on in the McKinsey 7S model?
Answer
The type and number of employees needed, as well as recruitment, training, motivation, and rewards.
10
Question
What does 'style' represent in the McKinsey 7S model?
Answer
The management style of the company's leaders, including interactions, actions, and symbolic value.
11
Question
What are 'shared values' in the McKinsey 7S model?
Answer
Norms and standards that guide employee behavior and company actions, serving as the foundation of the organization.
12
Question
What is the McKinsey 7s framework used for?
Answer
Organizational design and effectiveness
13
Question
What is the first step in applying the McKinsey 7s framework?
Answer
Identify the areas that are not effectively aligned
14
Question
What is the second step in applying the McKinsey 7s framework?
Answer
Determine the optimal organization design
15
Question
What is the third step in applying the McKinsey 7s framework?
Answer
Decide where and what changes should be made
16
Question
What is the fourth step in applying the McKinsey 7s framework?
Answer
Make the necessary changes
17
Question
What is the fifth step in applying the McKinsey 7s framework?
Answer
Continuously review the 7s
18
Question
What is the main strategy of the small startup in the example?
Answer
To grow its share in the market
19
Question
Describe the structure of the small startup in the example.
Answer
Simple structure made of a few managers and bottom-level workers with specific tasks
20
Question
How many formal systems does the small startup have in place according to the example?
Answer
Very few formal systems
21
Question
What are the skills of the employees in the small startup according to the example?
Answer
Few specialized skills; rest of the jobs are undertaken by management and founders
22
Question
What is the management style of the small startup in the example?
Answer
Democratic but often chaotic management style
23
Question
What are the shared values of the staff in the small startup according to the example?
Answer
Adventurous, values teamwork, and trusts each other
24
Question
How many employees does the startup have in its current position 2 in the example?
Answer
500 employees
25
Question
What is the market share of the startup in its domestic market in current position 2?
Answer
Maintains 50% market share
26
Question
How has the structure of the startup changed in current position 2 of the example?
Answer
Changed to a well-oiled bureaucratic machine
27
Question
What are the shared values of the company in current position 2 according to the example?
Answer
Values enthusiasm and excellence
28
Question
What strategy shift did the company make in current position 3 of the example?
Answer
From market penetration to market development
29
Question
What regions did the company open new offices in during current position 3 of the example?
Answer
Asia, North America, and South America
30
Question
What new systems were introduced by the company in current position 3 according to the example?
Answer
Strategic planning systems