In a traditionally structured organization, the plans and goals that affect the

Question

In a traditionally structured organization, the plans and goals that affect the entire organization are made by _____________ 2. Randy Root Beer brand, best known for high-end raspberry root beer, offers consumers unique products that customers value and the organization is highly efficient due to its low costs. Describe the competitive strategy that Randy Root beer selected. 3. The Sarbanes-Oxley Act requires _____ to vouch for the truthfulness and fairness of the firm’s financial disclosures. Jay wants to start a new business. Which of the following questions should he use as part of his analysis of the ideas for a new business?

Explanation / Answer

1. "Owner or the CEO or the manager". In a traditionally structured organization, decisions are taken by owners (in case of a simple design or a sole proprietorship venture), or the CEO or managers. There is hardly any consultation that is done with the sub ordinates while making plans and goals.

2. The competitive strategy that Randy Root beer has selected a strategy of differentiation. It is offering a unique product in terms of high end raspberry root beer. It gives Randy an advantage.

3. As per Sarbanes-Oxley Act, a company's CEO has to vouch for the truthfulness and fairness of the firm’s financial disclosures. CEOs can face criminal penalties if the disclosures are false or not fair.

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