Strategic Management - Study Mode
[#301] Which one of the following types of organizations would benefit from a matrix structure?
Correct Answer
(D) Small, sophisticated service companies
Explanation
Solution: Small, sophisticated service companies one of the following types of organizations would benefit from a matrix structure. A matrix organizational structure is a company structure in which the reporting relationships are set up as a grid, or matrix, rather than in the traditional hierarchy. In other words, employees have dual reporting relationships - generally to both a functional manager and a product manager.
[#302] Which of these is not a reason for why employees resist the implementation of strategic changes?
Correct Answer
(B) Lack of necessary strategic resources
Explanation
Solution: Lack of necessary strategic resources is not a reason for why employees resist the implementation of strategic changes. Strategic implementation is a process that puts plans and strategies into action to reach desired goals. The strategic plan itself is a written document that details the steps and processes needed to reach plan goals, and includes feedback and progress reports to ensure that the plan is on track.
[#303] Which of these is not an identified form of organizational structure?
Correct Answer
(A) Intrapreneurial
Explanation
Solution: Intrapreneurial is not an identified form of organizational structure. Intrapreneurs are employees who work within a business in an entrepreneurial capacity, creating innovative new products and processes for the organization.
[#304] When are holding company structures are most useful?
Correct Answer
(C) For companies pursuing restructuring strategies
Explanation
Solution: Holding company structures are most useful for For companies pursuing restructuring strategies. An organizational restructuring strategy involves redesigning operations and management reporting structures to address and correct the operational issues that led to a company's distressed position.
[#305] Which of these are characteristic of matrix structures?
Correct Answer
(A) Decentralization and co-ordination
Explanation
Solution: Decentralization and co-ordination are characteristic of matrix structures. Matrix structures facilitate coordination when the organization has many complex and interdependent activities. In addition, matrix structures facilitate the efficient allocation of specialists.