MGM101H5 Lecture Notes - Emerging Markets, Planation Surface

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Dave Swanston

Document Summary

Test #3 short answer questions version b: describe how work is organized in firms utilizing a functional organizational structure. List and describe two advantages and two disadvantages of a functional organizational structure. (5 marks) One mark for proper description of how work is organized, 1 mark for each appropriate advantage and disadvantage of this structure provided: Work organized by grouping together people with similar skills and who perform similar tasks such as the finance department. Advantages - economies of scale, efficient use of resources, tasks assigned consistent with expertise, high-quality technical problem solving, in-depth training and skill development within function, clear career paths. The competency perspective suggests that there are certain competencies are associated with effective leaders. Describe how power motivation and emotional intelligence help individuals become effective leaders. Explain one of the major limitations of the competency perspective. (4 marks)