MNGT 4800 - Exam 2 Questions With
Correct Answers
Two critical aspects of management in relationship to jobs in an organization. - answer-
Determine the specific nature of each job position & its relevancy to the strategic plan
- Hiring managers must work with HR to justify the need of each job...
MNGT 4800 - Exam 2 Questions With Correct Answers Two critical aspects of management in relationship to jobs in an organization. - answer✔✔- Determine the specific nature of each job position & its relevancy to the strategic plan - Hiring managers must work with HR to justify the need of each job & how important it is to the overall structure of the organization Three dimensions of each job position in an organization - answer✔✔1.) Its Responsib ilities 2.) Its Accountabilities 3.) Its Authority Its Responsibilities - answer✔✔- Spells out specific, primary activities the job holder will do; what does that job do within the firm. Its Accountabilities - answer✔✔- To whom does the job holder repo rt & how will they be judged with their role as job holder. Its Authority - answer✔✔- Defines what the job holder is allowed to do independently and within a management role if appropriate. Main purposes of any organizational structure? - answer✔✔Share inf ormation, experiences & knowledge to accomplish a successful plan creation & execution Name three elements that can help determine the best structural fit for any organization. - answer✔✔- Functionality - Geography - Control 3 Major organizational Struc ture - answer✔✔- Functional Organizational Structure - Geographical Organizational Structure - Matrix Organizational Structure Functional Organizational Structure - answer✔✔- the roles of the firm are broken down by the type of activities & specific skills needed to succeed. - The firm would have a CEO with C -level officers representing various functional groups (CFO, CMO, CIO, COO) - All functional jobs will be housed together so theoretically there will be better communications Geographi cal Organizational Structure - answer✔✔- This process would group operations according to where the company does business (Americas, Asia, Europe) - Each geographic operation would house all functional groups. * Great for a focus & an understanding of a specific area * Doesn't work if local information/knowledge isn't shared with the rest of the firm. Matrix Organizational Structure - answer✔✔- More orientated towards control - Used when the specific operation is complex in nature & needs more than one point of contact - Vital for constant & clear communications so all parties can address common issues without surprises & with consensus
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