Podcast
Questions and Answers
How do action controls impact employee creativity and innovation?
How do action controls impact employee creativity and innovation?
- They encourage employees to quit their jobs
- They have no impact on employee creativity and innovation
- They do not foster creativity and innovation among employees, as employees have to follow rigid rules (correct)
- They foster creativity and innovation among employees
What is a disadvantage of action controls?
What is a disadvantage of action controls?
- Their application in an organization is uniform in nature
- They direct managerial attention towards the actions being taken within the firm
- They are directly linked to the task being performed
- They are useful only for highly routinized jobs (correct)
How do action controls affect the knowledge repository within an organization?
How do action controls affect the knowledge repository within an organization?
- They foster creativity and innovation among employees
- They encourage employees to quit their jobs
- They act as a knowledge repository and guide the implementation process even when key managers leave the organization (correct)
- They do not affect the knowledge repository within an organization
What is an advantage of action controls?
What is an advantage of action controls?
What is a disadvantage of action controls in relation to adapting to the external business environment?
What is a disadvantage of action controls in relation to adapting to the external business environment?
What is the primary objective of cost management from the provided perspective?
What is the primary objective of cost management from the provided perspective?
What is a positive aspect of action controls?
What is a positive aspect of action controls?
What is the premise of internal control managerial style?
What is the premise of internal control managerial style?
Which managerial style assumes that subordinates can be motivated through rewards?
Which managerial style assumes that subordinates can be motivated through rewards?
What is the assumption of mixed control managerial style?
What is the assumption of mixed control managerial style?
What is one of the objectives of cost management from a managerial perspective?
What is one of the objectives of cost management from a managerial perspective?
What is the main reason for a manager to carefully choose a style of control?
What is the main reason for a manager to carefully choose a style of control?
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Study Notes
Impact of Action Controls on Creativity and Innovation
- Action controls can constrain employee creativity and innovation by enforcing rigid guidelines and procedures.
- Strict adherence to protocols may discourage employees from exploring new ideas or taking risks.
Disadvantages of Action Controls
- May lead to a lack of flexibility and adaptability, making it difficult for organizations to respond to changes in the external business environment.
Effect on Knowledge Repository
- Action controls can impede the development of a knowledge repository by emphasizing compliance over knowledge sharing and collaborative problem-solving.
Advantages of Action Controls
- Promote consistency and reliability in processes, ensuring that employees adhere to established procedures which may enhance operational efficiency.
Disadvantages in Relation to External Environment
- Action controls can create bureaucracy, making it cumbersome for organizations to pivot quickly in response to market changes or emerging trends.
Primary Objective of Cost Management
- Aiming to optimize resources by minimizing expenditures while maintaining quality and efficiency.
Positive Aspects of Action Controls
- Help in maintaining organizational standards and compliance, thus reducing errors and enhancing performance measurement.
Premise of Internal Control Managerial Style
- Focuses on monitoring and regulation of organizational processes through established policies and procedures, ensuring accountability.
Managerial Style Motivating Through Rewards
- The rewards-based managerial style assumes that subordinates can be motivated through positive reinforcement and incentives for meeting objectives.
Assumption of Mixed Control Managerial Style
- Balances various managerial approaches, integrating both control and flexibility, recognizing that different situations may require different leadership strategies.
Managerial Perspective on Cost Management
- One objective is to ensure that costs are managed within budgetary constraints while maximizing productivity and minimizing waste.
Importance of Choosing a Control Style
- A careful selection of control style is crucial for aligning management strategies with organizational goals and employee engagement, impacting overall effectiveness and morale.
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