An Organization That Wants to Compete Through Innovation Should

question 105

Multiple Choice

An organization that wants to compete through innovation should:

• A) adopt an organic structure and make extensive use of informal communication to coordinate work.
• B) centralize by typically giving the decision making authority to those at the top of the organizational hierarchy and formalize its organizational structure.
• C) coordinate employees by laying formal rules and procedures.
• D) switch to a cost leadership strategy as quickly as possible.
• E) adopt a mechanistic structure with functional departmentalization.

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Definitions:

Awarded Bonuses

Financial or non-financial rewards given to employees or individuals in recognition of their achievements or performance above expectations.

Corporate Guidelines

Policies and procedures established by a company to set standards and rules for employee behavior and company operations.

Oversampling

The practice of sampling a subgroup of a population at a higher rate than its proportion in the whole population to ensure adequate representation.

Hidden Profiles

Situations in which the best collective decision is not obvious because each team member has access to unique information not held by others, often leading to suboptimal decision-making.