Org. Theory and Design: Chapter 2 (Matching)

Play an AI-generated podcast conversation about this lesson

Match the following stakeholders with their role in an organization:

Shareholders = Owners of the organization Managers = Responsible for coordinating organizational resources Top managers = Responsible for investing shareholder money Workforce = Non-managerial employees

Match the following inducements with the stakeholders who receive them:

Money = Shareholders Power = Managers Organizational status = Top managers Skills and knowledge = Workforce

Match the following contributions with the stakeholders who provide them:

Money and increased stock prices = Shareholders Coordination of organizational resources = Managers Investment of shareholder money = Top managers Task performance skills and knowledge = Workforce

Match the following stakeholders with their claim on organizational resources:

Shareholders = Superior claim to resources Managers = Direct claim on resources Top managers = Investing shareholder money in resources Workforce = Non-managerial claim on resources Signup and view all the answers

Match the following top management roles with their primary responsibilities:

Chief Operating Officer (COO) = Managing the organization’s internal operations to ensure they conform to the organization’s strategic objectives Execu ve vice presidents = Overseeing and managing a company’s most significant line and staff responsibilities Senior vice presidents and vice presidents = Senior corporate-level managers in both line and staff functions Functional managers = Responsible for developing the functional skills and capabilities that collectively provide the core competences that give the organiza on its competitive advantage Signup and view all the answers

Match the following agency theory concepts with their definitions:

Agency relationship = Delegation of decision-making authority or control over resources from one person to another Agency problem = Problem in determining managerial accountability when delegating authority to managers Moral hazard problem = Exists when a principal finds it difficult to evaluate how well the agent has performed because the agent possesses an information advantage Self-dealing = Conduct of corporate managers who take advantage of their position in an organization to act in their own interests rather than in the interests of other stakeholders Signup and view all the answers

Match the following governance mechanisms with their descriptions:

Stock-based compensation schemes = Monetary rewards in the form of stocks or stock options linked to the company’s performance Promotion tournaments and career paths = Developing organizational career paths that allow managers to rise to the top of the organization Ethical dilemma = Quandary people find themselves in when they have to decide if they should act in a way that might help another person or group and is the ‘right’ thing to do, even though doing so might go against their own self-interest Moral scruples = Thoughts and feelings that tell a person what is right or wrong; they are a part of a person’s ethics Signup and view all the answers

Match the following ethical decision models with their definitions:

Utilitarian model = An ethical decision that produces the greatest good for the greatest number of people Moral rights model = An ethical decision that best maintains and protects the fundamental rights and privileges of the people affected by it Justice model = An ethical decision that distributes benefits and harms among stakeholders in a fair, equitable, or impartial way Stakeholder balancing = Managers have to balance their interests and the interests of the ‘organization’ against the interests of other stakeholder groups Signup and view all the answers

Match the following stakeholder groups with their primary interest in an organization:

Customers = Reliability and value of products relative to price Suppliers = Revenue from purchase of inputs Government = Fair competition and adherence to rules and laws Local communities = Economic well-being and success of local businesses Signup and view all the answers

Match the following stakeholder groups with their contribution to an organization:

Customers = Revenue from purchase of goods and services Suppliers = Reliable raw materials and component parts Government = Standardizing regulations for all companies Local communities = Employment, housing, and economic well-being Signup and view all the answers

Match the following stakeholder groups with their impact on organizational productivity:

Trade unions = Direct effect on productivity and effectiveness Local communities = Strongly affected by success or failure of local businesses General public = Happy when organizations compete effectively against overseas rivals Government = Wants companies to compete in a fair manner Signup and view all the answers

Match the following stakeholder groups with their expectations from organizations:

General public = Compete effectively against overseas rivals Trade unions = Conflict or cooperation impacting productivity Local communities = Act in a socially responsible way Government = Obey agreed-on rules and laws Signup and view all the answers

Match the following stakeholder evaluation criteria with the corresponding stakeholder group:

Shareholders = Return on investment Customers = Reliability and value of products relative to price Managers and employees = Salaries, stock options, conditions of employment Trade unions = Impact on productivity and effectiveness Signup and view all the answers

Match the following organizational problems with their descriptions:

Choosing stakeholder goals to satisfy = Organizations face this problem as they try to win stakeholders’ approval Allocating organizational rewards to different stakeholder groups = Major problem that organizations have to face Balancing short-term and long-term goals = Problem faced by organizations in decision-making Allocating profits among stakeholder groups = 7.2 Signup and view all the answers

Match the following stakeholder groups with their contributions to an organization:

Customers = Revenue from purchase of goods and services Suppliers = Reliable raw materials and component parts Government = Standardizing regulations Trade Unions = Direct effect on productivity and effectiveness Signup and view all the answers

Match the following stakeholder groups with their interests and evaluation criteria:

Shareholders = Return on investment Customers = Reliability and value of products relative to price Managers and Employees = Salaries, stock options, conditions of employment Top Managers = Control of allocation of resources and strategy Signup and view all the answers

Match the following issues faced by organizations with their descriptions:

Choosing stakeholder goals to satisfy = Deciding which stakeholder goals to prioritize Allocating organizational rewards to different stakeholder groups = Deciding how to distribute profits among stakeholders Balancing short-term and long-term goals = Deciding how to prioritize immediate objectives versus long-term vision Allocating profits among stakeholder groups = Deciding how to distribute earnings among different stakeholders Signup and view all the answers

Match the following terms related to organizational authority with their descriptions:

Authority = Power to hold people accountable and influence their actions Chain of Command = Hierarchical reporting relationships in a large corporation Inside Directors = Directors who also hold offices in the company's formal hierarchy Outside Directors = Directors not employed by the company, often professional directors or executives of other companies Signup and view all the answers

Match the following responsibilities with the corresponding position in an organization:

Board of Directors = Hiring, firing, and disciplining corporate management Chair of the Board = Principal representative of the shareholders with the most authority in an organization Chief Executive Officer (CEO) = Controls allocation of resources and sets organizational strategy Corporate-level Management = Ultimate responsibility for setting goals, allocating resources, and designing structure Signup and view all the answers

Match the ways in which a CEO influences organizational effectiveness and decision making with their descriptions:

Setting organizational goals and designing structure = Responsibility for defining objectives and organizational framework Selecting key executives for top managerial levels = Choosing top-level managers for key positions Determining top management's rewards and incentives = Deciding on executive compensation and motivators Controlling allocation of scarce resources such as money and decision-making power = Managing distribution of limited resources and authority among functional areas or divisions Signup and view all the answers