Mgt 521 Case Study Operations Management Quiz

Decent Essays
MGT 521 final exam 30 out of 30 correct 1) When a manager makes use of a SWOT analysis, one of his or her objectives is to | | A. | | identify the best employees to fill each position in the organization | | B. | | formulate appropriate strategies to exploit strengths, protect against threats, and correct weaknesses | | C. | | set specific short-term performance standards for each department | | D. | | evaluate the desirability of issuing stocks or bonds in the current financial climate | | | 2) A company that wants to distinguish itself from the competition in the marketplace is most likely using which of the following strategies? | | A. | | Focus strategy | | B. | | Differentiation strategy | | C. | | Functional strategy | …show more content…
| | Contingency planning | | D. | | Financial forecasting | | | 5) The ________ determines the number of levels and managers in an organization. | | A. | | delegation of authority | | B. | | unity of command | | C. | | chain of command | | D. | | span of control | | | 6) Which of the following is a characteristic of an organic organization? | | A. | | High specialization | | B. | | Cross-functional teams | | C. | | Rigid departmentalization | | D. | | Narrow span of controls | | | 7) Which of the following is a characteristic of a matrix organization? | | A. | | It conforms to the unity of command principle. | | B. | | It has a single chain of command for functional managers to report to. | | C. | | It has formal departments to which employees return after completing a project. | | D. | | It is free of internal and external boundaries. | | | 8) Searching for new ideas beyond an organization’s boundaries and allowing changes to easily transfer inward and outward is known as ________. | | A. | | strategic partnering | | B. | | knowledge management | | C. | | organizational osmosis | | D. | | open innovation |

Related Documents

  • Improved Essays

    Receptionist Roles

    • 237 Words
    • 1 Pages

    (1.2) Explain an organisations structure and lines of…

    • 237 Words
    • 1 Pages
    Improved Essays
  • Superior Essays

    Introduction SWOT analysis is the strategic plan that allows a company to establish the strengths, weaknesses, opportunities, and threats that affect an enterprise. This entails the identification of an organizations objectives and the determination of the external and internal factors that are both favorable and unfavorable. SWOT analysis allows an organization to plan on the strategies to be adopted to promote organizational performance. Home depot and Lowe 's Companies Inc. are among the biggest home improvement retail chains in the United States necessitating the development of a SWOT analysis to differentiate the two companies and their performance. Home depot Inc. is among the world biggest home improvement retailer.…

    • 1452 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Chipotle Mexican Grill

    • 891 Words
    • 4 Pages

    A SWOT analysis can be defined as a framework that allows managers to integrate insights gained from an internal analysis of the company’s strengths and weaknesses, with those from an analysis of external opportunities and threats (Rothaermel, 117). With this, a SWOT analysis reveals a lot about CMG’s current position in the business environment. To begin, Chipotle Mexican Grill has some major strengths such as, innovation, quality food, strong management, customer loyalty, eco-friendly, unique store format, and a strong financial position. Innovation is a major strength for the company, which commenced with Steven Ells, Chipotle founder and CEO.…

    • 891 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Strengths State Farm insurance is a well-known insurance company that has been around for nearly a decade. Many insurances companies have a limited life and cannot adapt to the rapidly high demanded market within the financial service industry. For a company to last as long as State Farm and with as much success is the result of many strengths. State Farms services almost seem endless when it comes to what policy holders can insure. People enjoy having options when possible and that’s exactly what State Farm has to offer.…

    • 1078 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    The organizational principles used in each acted as a…

    • 609 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    SWOT Analysis The SWOT Analysis is an integral part of the situational analysis of an organization. In evaluating the strengths, weaknesses, opportunities, and threats of a business, valuable information can be obtained concerning critical issues which may have the potential to positively or negatively affect the future success of the organization. The SWOT Analysis begins with an internal assessment of the firm’s strengths, and weaknesses, and then looks at the external opportunities and threats that may have an effect on its operating plans.…

    • 812 Words
    • 4 Pages
    Great Essays
  • Great Essays

    Boca Raton Case Analysis

    • 1458 Words
    • 6 Pages

    As noted by the Boca Raton Airport Authority, “Boca Raton Airport is publicly-owned by the State of Florida and is designated as a general aviation transport facility. It is located on 214 acres in Boca Raton off of I-95 between Spanish River Boulevard and Glades Road” (para. 5-8). As John M. Bryson explains, we engage in strategic planning “… in the United States and elsewhere … to help public and nonprofit organizations create public value” (kindle file).…

    • 1458 Words
    • 6 Pages
    Great Essays
  • Great Essays

    Swot Analysis As A Nurse

    • 1440 Words
    • 6 Pages

    In this essay, I will be discussing my strengths and weaknesses, which affects my ability to purse my career as a nurse. I will also include opportunities and threats, which link to my strengths and weaknesses. I also will create a SWOT analysis, which contains bullet points of strengths, weaknesses, opportunities and threats. A SWOT analysis is a plan used to help identify an individual’s strengths, weaknesses, opportunities and threats.…

    • 1440 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    The unfortunate lag to this process is in these early months when corporate and local management won’t allow more than four elements worked on at any one time. This dramatically limits the ability to freely move around, adds cost and extends the project time, however, at the moment, is the only mode I can schedule. In that respect are several days that I’m required o send entire crews home without having access to work due to these restrictions.…

    • 725 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    There are numerous health care service providers necessary that the CMS recognizes to coordinate the patient’s transition of care from hospital stay through bundled care episode include long-term care providers, support from administrative team members, clinical laboratory services, case management, home health agencies, rehabilitation facilities, and transition of care nurses (Liu, Gage, Harvell, Stevenson, & Brennan, 1999). As health care’s landscape changes it will be essential for hospitals and participating providers to work side by side in bundled payment programs to create meaningful partnerships with an array of post-acute care providers. Specifically, partnerships with skilled nursing facilities’ (SNFs), as they account for approximately…

    • 853 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    __________ involves the evaluation of strengths and weaknesses, which are internal factors; and opportunities and threats, which are external factors. a) Strategic analysis b) Business performance c) Operational planning d) SWOT analysis 40. Price wars or other fierce reactions by competitors are examples of: a) strengths. b) weaknesses. c) opportunities.…

    • 2146 Words
    • 9 Pages
    Improved Essays
  • Improved Essays

    5.6 Dacia Renault company strategy The Renault Group is presenting in 118 countries and functioning in five major regions: Europe, Euromed, Russia, Asia, Africa and the Americas. The Renault Group now has more than 129,000 employees, who are working in 139 industrial sites. With regards to the environmental protection, all those industrial sites have ISO 14001 certification. Renault owns three brands: Renault, Samsung and Dacia, the Group design and produce personal vehicles and commercial vehicles.…

    • 1318 Words
    • 6 Pages
    Improved Essays
  • Great Essays

    SWOT Analysis Of AUBMC

    • 1497 Words
    • 6 Pages

    Q1: The following answer is for the first part of this question which present the main internal and external challenges facing AUBMC In fact, this case reflects most our organization situation. All organizations are facing some challenges in achieve their vision. The issue is how to identify, recognize, control and overcome those challenges.…

    • 1497 Words
    • 6 Pages
    Great Essays
  • Decent Essays

    Question 2 SWOT Analysis SWOT analysis aims to identify the internal strengths and weaknesses involved an organization and the firm’s capability and resources to deal with changes. Besides, it is useful in assisting risk management by analyzing the opportunities and threats arising from external business environment. It is useful to assist the firm in providing specific insights that can be used to develop the appropriate marketing strategy by summarizing the key favorable and unfavorable issues from the business environment (Wheelen & Hunger 2002, p. 109). 2.1 Strengths In term of the beverages and diaries business, F&N has gained itself a strong and reputable brand name over the years with various brand awards (Awards 2014).…

    • 749 Words
    • 3 Pages
    Decent Essays
  • Improved Essays

    3.0 SWOT ANALYSIS A SWOT analysis is defined as an overall evaluation of the company’s strengths (S), weaknesses (W), opportunities (O) and threats (T). Strength Strength is the internal capabilities that may help a company reach its objectives. Strength include internal capabilities, resources and positive situational factors that may help the company serve its customers and achieve its objectives. Bank Islam Trust company set their vision as fully client-focused in their operation.…

    • 1027 Words
    • 5 Pages
    Improved Essays