Johnny and Tom Successfully Partnered as a Small Independent Oil

question 103

Multiple Choice

Johnny and Tom successfully partnered as a small independent oil exploration firm ("wildcatter") for 30 years. They worked informally together like family, and they were intensely loyal toward each other, their customers, and their suppliers. However, later in their careers, Johnny and Tom sold their firm and hired on as employees of MegaOil, Inc., a top 5 global energy conglomerate. Their employment did not last, quitting in exasperation within six months. They could not adapt to MegaOil's culture, which is characterized by production/achievement, results orientation, competitive advantage, and market superiority (market/compete culture) . In hindsight, Johnny and Tom realized that they missed the

• A) stability, predictability, and smoothness of a hierarchy/control culture.
• B) tradition, trust, teamwork, cohesiveness, and sense of family of a clan culture.
• C) flexibility, risk-taking, innovation, and entrepreneurship of an adhocracy/create culture.
• D) emphasis on the employees' individual needs of an empowerment culture.
• E) laid-back work environment of a weak culture.

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Definitions:

Periodic Operating Report

A document that provides an update on an organization's operations and performance over a specific time period.

Progress Report

A document or presentation that outlines the current status of a project or task, detailing what has been accomplished and what remains to be done.

Audience's Expectations

The anticipations or beliefs about what will or should happen, held by the audience.

Medium

A means or channel of communication, such as television, radio, print, or digital platforms, through which information or messages are conveyed.