Reference no: EM133359392

Question 1

An organization is formed by a person or a group of people to create value for the stakeholders by offering products or providing services that meet their unfulfilled needs. Daft(2016) identified five factors that may increase the values created by an organization through the joint action of people. Explain Daft's idea using three factors and a specific example of a well-known social business.

Question 2

Business competition is more challenging nowadays than ever before. With more new technologies introduced, businesses must be able to respond to market needs quickly. A slow reaction means a business may lose its market shares. Not only are consumers more knowledgeable about products and services offered by businesses, but employees also have higher expertise in their work and knowledge about it. Leveraging on an information-sharing concept, discuss two ways how a boss less workplace can augment co-creation between employees and consumers.

Question 3

The common understanding is that organizational design follows an organization's strategic direction. As such, an organization's culture must support the organization's strategic direction. According to Miles and Snow's Strategy Typology, an organization can pursue a prospector, defender, analyser or reactor strategy as its primary strategy. Based on this typology and using a specific company, explain how a mismatch between the mission culture and the defender strategy backfires on the organization's business sustainability.

Question 4

The Garbage Can Model is a unique decision-making model. Although it was initially introduced to explain the decision-making process ofa highly organic structure, observations show that it is also persistent to some extent in a semi-organic structure. Using a specific example, explain the four elements of the Garbage Can Model.