What does it mean to say managers should organize for both exploration and exploitation?
Answer to relevant QuestionsEarly management theorists believed that organizations should strive to be logical and rational, with a place for everything and everything in its place. Discuss the pros and cons of this approach for today's organizations. Do you think factory employees would typically be more resistant to changes in production methods, changes in structure, or changes in culture? Why? What steps could managers take to overcome this resistance? The manager of R&D for a drug company said that only 5% of the company's new products ever achieve market success. She also said that the industry average is 10% and wondered how her organization might increase its success ...Why would managers in high-velocity environments worry more about the present than the future? Would an individual manager working in this type of environment be more likely to succeed with a rational approach or an ...What is the difference between power and authority? Is it possible for a person to have formal authority but no real power? Discuss.
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