A key advantage of a decentralized organization is ________. Group of answer choices frequently and involve immediate decisions frequently and involve long-term decisions infrequently and involve long-term decisions infrequently and involve immediate decisions
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A key advantage of a decentralized organization is ________.
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- Novartis's Prescription for Invoice ProcessingWhat do you do when you have more than 600 business units operating through 360independent affiliates in 140 countries around the world-processing complex invoices in variouslanguages and currencies? You seek out the best technology solution to make the job easier.At global pharmaceutical giant Novartis, the IT department is a strategic resource, a communityof 2,000 people serving 63,000 customers in 200 locations and 25 data centers. Because most ofthe company's invoices come from international suppliers, they have differences in design,language, taxes, and currency. Consequently, many ended up as "query items" requiring manualresolution by Novartis accounting staff-which delayed payments and made those invoicesextremely costly to process. In fact, finance personnel spent so much of their time resolvingqueried invoices that other work suffered. A solution was badly needed.To maximize its investment, Novartis needed a flexible solution that…troduction to Functional Areas of Management Jan2020 Multinational firms often use Geographic Organisational Structures of departmentalisation to address cultural and legal differences in various countries. Select one O a True b. FalseWhat are user-led innovation and lead user methods? How do these two approaches impact the innovation process inside organizations? Provide examples to explain the concepts.
- You have been hired as an HR consultant to help implement a high-performance work system at a large firm. To date, you have discussed the need for change with employees and explained strategy and the vision of the future. What should you do next? O Perform a process audit. O Allocate resources. Engage senior management. Tie the HPWS to performance. Use your knowledge of high-performance work systems to answer the following question. You have been hired as an HR consultant to monitor and evaluate a high-performance work system that has been in place for two years at a large firm. What are the best questions to include in your process audit? Check all that apply. Is the organization more competitive than in the past? What is the employee turnover rate? What is the overall satisfaction rate of employees? Are employees being treated fairly so that power differences are minimal?Describe large bureaucratic organizations with which you have had contact with that has not responded flexibly to customer demands. And describe examples of satisfactory responsiveness. What do you think accounts for the differences between the responsive and nonresponsive organizations?Assume you are an engineer working for a chemical production company. You are on the technical team that is responsible for deciding what to do about the dangerous chemical that your company is using to produce its best-selling chemical product. Recent reports have just made known the dangers of this chemical, and the company now needs to decide how to proceed. There are several options to consider: stop producing the harmful product altogether and take a hit on total profits; continue to make the product and sell it, like nothing's wrong, since the federal government has not cracked down. You could also spend money and engineering efforts in R&D to develop a safe chemical that would take its place. There is no guarantee that this would happen any time soon, but the scientists think it is realistically possible. To make matters worse, your biggest competitor produces this harmful product off-shore and is not hampered by the US regulations. If you stop producing this product…
- (1) One of the disadvantages of ________ is that benefits tend to disappear after a while. Learning effects Leveraging subsidiary skills Experience curves Economies of scale (2) Lowering the cost of production per unit increases the value of the product to an average consumer. True False (3) Organizational architecture is a component of organizational structure. True Falseich of the following internal factors can expand existing challenges or simply add more constraints to an organization's selection strategy? Multiple Choice labour market realities organizational policies organization's life cycle stage job requirements calibre of employeesdifference between managerial and market coordination
- total factor productivity cost • average cost marginal cost supply function incre pricing marginal revenue elasticity rule margin Lerner index . markup agency theory raider specific asset hold-up problem tapered integration impediments to imitation franchising sustained competitive advantage ambiguity strategy culture field experiment history learning curve Gausal REVIEW AND PRACTICE EXERCISES 3.1. DRAM FACTORY. You own and operate a facility located in Taiwan that manufac tures 64-megabit dynamic random-access memory chips (DRAMS) for personal comput ers (PCS). One year ago you acquired the land for this facility for $2 million, and used 83 million of your own money to finance the plant and equipment needed for DRAM manufacturing. Your facility has a maximum capacity of 10 million chips per year. Your cost of funds is 10% per year for either borrowing and investing. You could sell the land, plant, and equipment today for $8 million; you estimate that the land, plant, and equip ment…2) You are the chief financial officer for a firm that sells digital music players. Your firm has the following average-total-cost schedule: Total Cost $300 301 Quantity Average 600 players 601 Your current level of production is 600 devices, all of which have been sold. Someone calls, desperate to buy one of your music players. The caller offers you $550 for it. Should you accept the offer? Why or why not?The physical facilities, IT components, IT services and IT personnel that support an entire organization is called: Select one: O A. Information Technology Architecture O B. Information Technology Infrastructure O C Information Technology Platform O D. Information and Communication Technologies