Joseph Wishes to Increase the Operational Efficiency of His New

question 4

Multiple Choice

Joseph wishes to increase the operational efficiency of his new startup. What should Joseph do?

• A) Joseph should use integrated data stored in his firm's central database to analyze its day-to-day activities.
• B) Joseph should avoid analyzing his firm's distribution systems as they do not play a role in its daily activities.
• C) If Joseph plans to support formally defined and documented activities in his firm, he should use a dynamic planning system over a structured planning system.
• D) If Joseph plans to include less specific and fluid activities in his firm, he should use a structured planning system over a dynamic planning system.

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Definitions:

Marketing Initiatives

Strategic actions or campaigns undertaken by an organization to promote its products or services and achieve specific marketing objectives.

Information Overload

The difficulty in understanding an issue and making decisions due to the presence of too much information.

Information Processing

The methods by which individuals perceive, analyze, manipulate, store, and recall information.

Organizational Grapevines

Informal channels of communication within an organization, through which rumors and unofficial information are often spread.