24 Questions
What is the primary goal of strategy evaluation in an organization?
To assure that the strategic choice is properly implemented and meets the objectives of the organization
What is strategic control?
The process of monitoring activities and taking corrective action
Why is strategic evaluation necessary?
To ensure the strategic choice is meeting the objectives of the organization
What is the benefit of strategic control?
To improve performance and take corrective action
What does strategy evaluation help to find out?
All of the above
What is the purpose of strategic evaluation and control systems?
To help managers take corrective action and get back on track
Why is it important to develop business strategy on a global basis?
Because events in one part of a company's overseas operations can reverberate throughout the entire organization
What is the primary benefit of strategic control systems?
To improve performance and take corrective action
What is an organization's strategy primarily concerned with?
A plan to reach specific goals and maintain relationships with clients and vendors
What is the primary purpose of an organization's structure?
To create a strong foundation for long-term productivity
What is task overlap in an organization?
When two or more employees perform the same task in different departments
What is the relationship between an organization's strategy and structure?
Structure is dependent on strategy
What is the result of not having a good strategy in place?
The organization will end up in the same place or worse
What does the company use the results for?
To determine its areas of concentration and positioning
What happens when the organization's strategy changes?
The structure must be changed to support the new strategy
Why is it important to highlight the relationship between strategy and structure?
Because they are often viewed as separate, but are dependent on each other
What is the primary goal of revising an organization's structure?
To improve efficiency and promote teamwork
What is the relationship between organizational structure and strategy?
They are totally integrated and interdependent
What is the outcome of task overlap in an organization?
Confusion, inefficiencies, and lack of accountability
What is included in the definition of organizational structure?
All the people, positions, procedures, processes, culture, technology, and related elements
What is the outcome when an organization changes its strategy but not its structure?
The structure acts like a bungee cord and pulls the organization back to its old strategy
What is necessary for the organization's direction to be sustainable over time?
Daily way of working integrated to support strategy
What should be done when making major changes to an organization?
Think out every aspect of the structure required to support the strategy
What is the outcome when an organization's structure is aligned with its strategy?
The organization achieves its mission and goals
Study Notes
Understanding Organizational Strategy and Structure
- An organization's strategy is a plan of action to reach specific goals and maintain good relationships with clients and vendors.
- Organizational structure is the way the organization's pieces fit together internally, ensuring a collaborative workforce to achieve a common goal.
Importance of Aligning Strategy and Structure
- Structure and strategy are dependent on each other, as organizational strategy helps define and build the organizational structure.
- A clear strategy helps the organization allocate responsibilities, create branches, and decide on individual or group participation to achieve its goals.
Organizational Structure Components
- Structure includes people, positions, procedures, processes, culture, technology, and related elements that comprise the organization.
- It defines how all the pieces, parts, and processes work together to achieve the organization's mission and goals.
Strategic Evaluation
- Strategic evaluation is the last phase of the strategic management process, ensuring the strategic choice is properly implemented and meets the organization's objectives.
- It helps managers find out if strategy implementers are making decisions consistent with organizational policies, allocating resources, and meeting long-term and short-term goals.
Strategic Control
- Strategic control is the process of monitoring ongoing activities to evaluate efficiency and effectiveness, taking corrective action to improve performance if necessary.
Types of Strategic Control
- Premise control: (no additional context provided)
- Strategic surveillance: (no additional context provided)
- Special alert control: (no additional context provided)
- Implementation control: (no additional context provided)
Global Issues in Strategic Management
- Developing business strategy on a global basis is crucial due to growing worldwide communications.
- Events in one part of a company's overseas operations can have a ripple effect throughout the entire organization.
This quiz covers the importance of strategic evaluation and organizational structure in achieving business goals and maintaining good relationships with clients and vendors.
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