Merely Fine-Tuning the Execution of a Company's Existing Strategy Normally

question 72

Multiple Choice

Merely fine-tuning the execution of a company's existing strategy normally requires

• A)big shifts of resources from one area to another.
• B)a larger allocation of resources to the effort.
• C)trimming costs and shifting resources to activities that have a higher priority.
• D)creativity in finding ways for cost reductions, i.e. ways to do less with less.
• E)cost-cutting in key value chain activities.

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Definitions:

Product Structure

The organization of a company’s product lines or portfolio, detailing how products are interrelated or grouped.

Functional Structure

an organizational configuration that groups together employees based on their specific functions or roles within the company.

Divisional Structural Form

An organizational structure where operations are divided into autonomous divisions based on product, service, market, or geographic location.

Matrix Structure

An organizational structure that combines two or more types of departmentalization, often product and functional, giving rise to a complex grid of interdepartmental relationships.