Question 11 2 points Save Answer A Balanced Score Card is a tool to establish organization-level strategy for the firm. It focuses ONLY on the financial goals of the firm and its profit motive - and can provide a framework for lower, department level operational goals. O True False A Moving to another question will save this response. >Question 15 1 points Save Answer Let us assume that Facebook views any kind of dependence on another rm as necessarily a bad thing. Hence, any time that Facebook executives feel that the firm may be getting too dependent on another rm, they simply go out and acquire thatfirm, This is an example of a resource dependence approach. True False & Moving to another question will save this response. >> Question 16 2 points Save Answer Firm A has: a) Smaller span of control and more organizational levels b) Higher formalization c) Moderate level of centralization d) Higher specialization Firm B has: a) Larger span of control and less number of organizational levels b) Lower formalization c) Moderate level of centralization d) Lower specialization Based on just the above information, which % of the following statements is correct? None of the above Relatively speaking, Firm Acan be said to be more mechanistic than Firm B Relatively speaking, Firm Aand Firm B are equal as far as the mechanistic-organic structural design is concerned Relatively speaking, Firm B can be said to be more mechanistic than Firm A Question 17 4 points Save Answer Consider the following two rms - Firm A and Firm B. Firm A --> Firm A delivers owers for special occasions. Its operations are entirely online. Customers go to its website. order the type of owers they want, and select the day and date of delivery. The rm then sources these owers from its vendors and delivers them to the customer. So, the main stake-holders the rm interacts with are (a) the ower vendors and (b) the customers. Typically, the supply of flowers is pretty consistent and even the demand from customers has also remained the same over the years. Firm 8 --> Firm B is a designer clothing store. It also has a similar 'online' business model. Customers browse through its website and order clothes, which are then delivered by the rm, However, customer preferences change frequently. Also, fashion trends and the demand for different types of clothes change with the seasons - clothes in demand in winter are different from those in demand in the summer. To ensure that the firm is able to retain its customers, the rm works with several designers who design clothes based on the latest fashion trends. The rm then needs to work with weavers and cloth manufacturers to make the clothes. Because the competition is very strong, the rm also uses the services of a marketing rm to advertise its products creatively. Another issue is the website itself. Since other competitors also operate online, rm B needs to make the online experience of customers hassle free. As technology related to website design keeps on changing constantly. rm B has hired a software rm to manage its website operations. Overall, Firm B interacts with various stakeholders including (3) customers, (b) designers, (c) weavers/vendors, (d) Marketing rm, (e) Software firm and operates in an environment where customer demands & preferences, technology. and marketing needs are constantly changing. FROM THE BELOW LIST OF STATEMENTS, SELECT ALL THE STATEMENTS THAT ARE CORRECT BASED ON THE INFORMATION GIVEN ABOVE. Of the two rms, Firm B needs to have a higher speed of responding to environmental changes than rm A Use of 'Boundary Spanning' roles is likely to benet Firm B more than rm A With regard to the stable-unstable dimension of external environment, we can say that Firm A operates in an environment that is more unstable than the environment of Firm B The use of scenario planning is likely to be more beneficial to rm B than to firm A Firm B operates in an environment that is more uncertain than the environment in which Firm Aoperates Q Moving to another question will save this response. Question 17 of 25 Question 18 1 points Save Answer A firm's mission or official goals that outline its long term plans about what it is trying to achieve and where it wants to head in the long run, can help the firm gain legitimacy in the eyes of different stakeholders. O True False > A Moving to another question will save this response. >Question 19 1 points Save Answer A trade association of firms in a given industry can at times use collective resources to lobby for government policies to protect that industry or to set standards and protocols to be followed by everyone in that industry O True O False A Moving to another question will save this response. >Question 20 2 points Save Answer Bed, Bath and Beyond has been struggling to maintain its market share for a long time now. ltjust narrowly avoided bankruptcy recently but it still does not seem to have a well dened long-term strategy in place. Rather it seems to be just responding to external events in an ad-hoc manner to meet its immediate needs. Its actions seem rather erratic and not well thought out. According to Miles and Snow model, what type of strategy does the rm have? Defender strategy Analyzer strategy Prospector strategy Reactor strategy /!\\ Moving to another question will save this response. a ( Question 20 nf 25 x s