Chapter 7&8

Question 1

PMI

Answer 1

Pluses minus and implications putting in a list for the solution

Question 2

Benchmarketing

Answer 2

Comparing ab organization’s practices, progresses and products against the worlds best

Question 3

Core competencies

Answer 3

Those functions that the organization can do as well as or better than any other organization in the world

Question 4

Organizational/corporate culture

Answer 4

Widely shared values within an organization that provide unity and cooperation to achieve goals

Can also be negative

Question 5

Four functions of management

Answer 5

• planning
• leading
• organizing
• controlling