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.
Answer to relevant QuestionsIn stating objectives, why should terms such as increase, minimize, maximize, as soon as possible, adequate, and decrease be avoided? Explain how to choose between a divisional-by-product and a divisional-by-region organizational structure. List the different types of organizational structure. Diagram what you feel is the most complex of these types of structure and label your chart clearly. Explain the following statement: Horizontal consistency of goals is as important as vertical consistency. Discuss recent trends of firms downsizing family-friendly programs.
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