Organizations using information systems to deal with competitive forces __________.
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Correct Answer:
Achieve the lowest operational costs
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In the chain of command, each person above you ________.
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Has line authority
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Scope refers to whether a business is setting a wide or broad net, or whether it has a narrower focus.
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Correct Answer:
True
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Strategic formulation is the process of forging a cohesive integrated set of strategies designed to deal with the environment and achieve the business mission and goals.
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Correct Answer:
True
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_________ is a statement of the organization’s purpose and reason for existence.
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Correct Answer:
Mission
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________________ is an interdisciplinary field that uses complex computational methods, technology, artificial intelligence, statistics, research methods, and data bases to obtain information from very large, sometimes seemingly unrelated data sets.
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Correct Answer:
High technology
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Research and development is the process by which organizations search for information and create techniques to improve their products and services.
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Correct Answer:
True
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________________ deliver a service rather than a tangible product.
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Correct Answer:
Service firms
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________________ produce an actual product or tangible output.
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Manufacturing firms
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___________ refers to the number of elements an organization has to consider in the enactment process.
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Correct Answer:
Complexity
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__________________ refers to the speed at which various elements in the environment change.
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Correct Answer:
Rate of change
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The process of identifying relevant environmental elements to define the environment of the organization is called ____________.
Answer
Correct Answer:
Enactment
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The business environment consists of the broad context within which an organization operates and includes sectors such as social, demographic, and cultural trends.
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Correct Answer:
False
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The ____________ of an organization refers to how people are organized to achieve the company’s mission.
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Correct Answer:
Structure
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The __________ of a firm is how it achieves its missions and goals.
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Strategy
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Technology is the knowledge, tools, techniques, and processes used to create the goods and services of an organization by transforming inputs and outputs.
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Correct Answer:
True
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The ___________ of an organization is made up of all external factors that have the potential to affect the organization.
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Correct Answer:
Environment
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Organic organizations have a low degree of informality, specialization, and standardization, decentralized decision making, and non-integrated activities.
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Correct Answer:
False
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________ are employees and managers who support the line employees through a variety of functions.
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Staff
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Line employees are people indirectly involved in production or service delivery
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Correct Answer:
False
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_______ is a diagram of how people are organized and of the organization’s skeletal structure.
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Organizational chart
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_______is whether a business is a setting wide or broad net, or whether it has a narrower focus.
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Correct Answer:
Scope of strategy
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Based on providing a unique and different product of superior quality with special features are known as________.
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Correct Answer:
Differentiation
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High-cost strategies based on designing, producing, marketing, and delivering a product or service more efficiently than competitors.
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Correct Answer:
False
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The strategic management process is the combination of strategy formulation and implementation.
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Correct Answer:
True
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Strategy implementation is the actions the organization takes to ignore the strategy it has formulated.
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Correct Answer:
False
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The process of forging a cohesive integrated set of strategies designed to deal with the environment and achieve the business mission and goals is known as ____.
Answer
Correct Answer:
Strategic formulation
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how a firm achieves its mission and goals is known as ?
Answer
Correct Answer:
Strategy
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Objectives that specify what needs to be achieved and when, are known as _____.
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Correct Answer:
Goals
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________ is a statement of the organization’s purpose and reason for existence
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Correct Answer:
Mission
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R&D is the process by which organizations search for information and create techniques to damage their products and services
Answer
Correct Answer:
False
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Deliver a service rather than a tangible product is known as Service firms
Answer
Correct Answer:
True
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Manufacturing firms produce an actual product or tangible input.
Answer
Correct Answer:
False
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The knowledge, tools, techniques, and processes used to create the goods and services of an organization by transforming outputs into inputs is known as ______
Answer
Correct Answer:
Technology
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________ is the number of elements an organization has to consider in the enactment process.
Answer
Correct Answer:
Complexity
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_______ is the speed at which various elements in the environment change.
Answer
Correct Answer:
Rate of change
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Unpredictability in the environment is known as environmental uncertainty.
Answer
Correct Answer:
True
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________ is the process of identifying relevant environmental elements to define the environment of the organization
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Correct Answer:
Enactment
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customers, competitors, human resources, customers, financial institutions, governmental regulations, the economy, and technology that managers typically deal with on yearly basis is known as the business environment.
Answer
Correct Answer:
False
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General environment consists of _______.
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Correct Answer:
All of these
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____is all the external factors that have the potential to affect the organization
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Correct Answer:
Environment
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Describes where the firm wants to be and its purpose and values are known as ______.
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Correct Answer:
Vision
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