WGU Principles of Management C483

Bureaucratic control deals with: - -rules and regulations. Which type of control system depends on pricing mechanisms and economic information to regulate activities within an organization? - -Market control _____ control systems are designed to measure progress toward set performance goals, and if necessary, to apply corrective measures to ensure that performance achieves managers' objectives. - -Bureaucratic The principle of _____ states that only cases with significant deviation from ...

Strategic Triangle "customer, corporation and competitors"-what does Dr Ohmae indicate that an organization can obtain by doing this? - -Sustained Competitive Advantage What does a value chain end with? - -Begins with Raw Materials and ends with Delivery of products or services What happens when an effective value chain is created? - -Profit Margins Increase Market & social analysis are examples of which step in the strategic planning process? - -Analysis of external opportunities and th...

What does Situational analysis do? - -study past events, examines current condition, and attempts to forecast future trends which step of planning will provide information on what planning decisions needed to be mad - -step 1 situational analysis which planning step should stress creativity and think board terms - -alternative goals & Plans alternative goals should be SMART. Define SMART - -Specific, Measurable, attainable, Relevant, Time Bound During what stage of planning do goals get p...