1. In stating objectives, why should terms such as increase, minimize, maximize, as soon as possible, adequate, and decrease
1. In stating objectives, why should terms such as increase, minimize, maximize, as soon as possible, adequate, and decrease be avoided?
2. The chapter says strategy formulation focuses on effectiveness, whereas strategy implementation focuses on efficiency. Which is more important, effectiveness or efficiency? Give an example of each concept.
3. In order of importance in your opinion, list six advantages of a matrix organizational structure.
4. Compare and contrast profit sharing with gain sharing as employee performance incentives.
5. Describe the relationship between annual objectives and policies.
6. Explain why organizational structure is so important in strategy implementation.
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