chapter 7-9chater 7-9.docVIP

Chapter 7-1 1.?Effective strategy formulation can usually guarantee successful strategy implementation. Answer: F 2.?It is always easier to say you are going to do something (strategy formulation) than to actually do it (strategy implementation). Answer: T 3.?Annual objectives are key components in the strategic-management process because they dictate how resources will be allocated. Answer: T 4.?Horizontal consistency is more important than vertical consistency in developing annual objectives. Answer: F 5.?Policies refer to specific guidelines, methods, procedures, rules, forms, and administrative practices established to support and encourage work toward stated goals. Answer: T 6.?Four types of resources that can be used to achieve desired objectives are financial, physical, human and technological. Answer: T 7.?Conflict of any kind is avoidable in organizations. Answer: F 8.?Concerning managing and resolving conflict, defusion includes such actions as ignoring the problem in hopes that the conflict will resolve itself. Answer: F 9.?A functional structure can be effective at limiting short-term and narrow thinking. Answer: F 10.?Most large companies have abandoned the functional structure in favor of decentralization. Answer: T 11.?With a divisional structure, it is possible that competition between divisions may become so intense that leads to improved sharing of ideas and resources for the common good of the firm. Answer: F 12.?Because activities are organized according to the way work is actually performed, a divisional structure by process is similar to the matrix structure. Answer: F 13.?The most complex of all designs is a matrix structure. Answer: T 14.?Restructuring is also called rightsizing. Answer: T 15.?In terms of number of employees, restructuring usually involves increasing the size of the firm. Answer: F 16.?Reengineering does not usually affect the organizational structure or chart, nor does it imply job loss or employee layoffs. Answer: T 17.?Whi