Lernkarten

Lucas Widmer
Karten 101 Karten
Lernende 3 Lernende
Sprache English
Stufe Universität
Erstellt / Aktualisiert 13.01.2018 / 24.09.2018
Lizenzierung Keine Angabe
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0 Exakte Antworten 101 Text Antworten 0 Multiple Choice Antworten
Fenster schliessen

Name the biases when it comes to decision making

  • Prior hypothesis (select information which supports previous beliefs)
  • Overconfidence
  • Representativeness
  • Optimism
  • Illusion of control
  • Escalating commitment
  • Emotional attachment
Fenster schliessen

Describe how a Functional Organization works and what the advantages/disadvantages are

Common professional skills e.g. production, finance, marketing, IT

Advantages:

-simple and comprehensive structure

-departments are well defined and easily controllable

Disadvantages:

-many interfaces between departments create a lot of problems with coordination

-risk of department egoism

-risk of overspecialization

Fenster schliessen

Describe how a Divisional Organization works and what the advantages/disadvantages are

Grouped into products, customers groups or geography

Each division has its own production, marketing, finance etc.

Advantages:

-staff focus on product and customer needs

-dedicated facilities meet customer needs quickly (flexibility)

-divisions are highly motivated and can easily be evaluated

Disadvantages:

-divisions are isolated from wider professional and technical development of the whole company

-more line manager positions and central services necessary

-divisions can become too independent

Fenster schliessen

Describe how a Matrix Organization works and what the advantages/disadvantages are

Grouped into functional groups where subordinates have 2 bosses

Advantages:

-integrated knowledge

-flexible structure according to customer needs

-staff gain variety of work experience

Disadvantage:

-length of time to make decisions because of bargaining between the manager of different dimensions

-unclear job and task responsibilities

-unclear cost and profit responsibilities

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Describe how a Network Organization works and what the advantages/disadvantages are

Organizations as broker between independent units

Companies remain independent but agree to collaborate with each other (general contractors)

Advantages:

-broad access to contacts

-specialized knowledge

-cost efficiency (less staff needed)

Disadvantages:

-decentralized knowledge

-division of responsibilities

-strong leadership and coordination required

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Describe how a Team Organization works and what the advantages/disadvantages are

Organization as a broker between independent units

Management delegates significant responsibility and authority to an identifiable team which is then accountable for results

Advantages:

-decision making process is filtered down to each member of the team

-multiple competencies in the teams

-solving of complex issues

Disadvantages:

-value team performance over individual performance

-decentralized -> can lead to coordination and control issues

-team often of temporary nature

Fenster schliessen

Definition of an SME

  • No universally accepted definition
  • Switzerland & EU: less than 250 employees
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Definition of an International Enterprise

  • import and export their products and services
  • don't invest outside of home country