Standing plans help make an organization more effective. However, they may inhibit experimentation and organizational learning. Under what conditions, if any, should organizations ignore their own standing plans? In the area of planning, how can an organization balance the need for effectiveness against the need for creativity?
Answer to relevant QuestionsInterview the head of the department in which your major exists. What kinds of goals exist for the department and for the members of the department? Share your findings with the rest of the class. Give an example of a corporation following a single-product strategy, a related diversification strategy, and an unrelated diversification strategy. What level of performance would you expect from each firm, based on its ...Interview a manager and categorize the business- and corporate-level strategies of his or her organization according to Porter’s generic strategies, the Miles and Snow typology, and extent of diversification. What is meant by the term escalation of commitment? In your opinion, under what conditions is escalation of commitment likely to occur? In what ways might bounded rationality affect a juror’s approach to a decision? How about satisficing? Intuition? Ethics?
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