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Which of the following statements is true of shareholders in a public stock company?

a. They are granted a charter of incorporation by the state and legally own company stock.
b. They are the centerpiece of corporate governance.
c. They search, evaluate, and hire CEO
d. They are subject to single taxation as the result of their ownership of stocks in a public stock company.
e. They directly supervise and coordinate the work of executive team, firm performance, and strategic initiatives.

Groupthink is a theory dedicated to understanding the decision-making process in small groups. Janis believes that groups frequently make decisions with profound consequences, and although he focused his efforts on foreign policy groups, the application of Groupthink terminology resonates in many other decision-making groups. Among the criteria for evaluating a theory, four are especially relevant for discussion: heurism, scope, testability, and test of time.

Cup N Cone Inc., a graphic design firm, has offices in New York, Texas, California, New Mexico, and New Jersey. Each of these offices is headed by a president who reports directly to Marvin Grey, the CEO. The heads of the centralized HR, Finance, and Marketing teams report to Marvin Grey as well. Managers in the various offices also report to the CEO directly. Based on this information, which of the following statements is most likely to be true?

Marvin Grey has a wide span of control.

Cup N Cone Inc. has a tall hierarchical structure.

Marvin Grey is underworked.

Cup N Cone Inc. is a mechanistic organization.

ESSAY
To reap the benefits of both the M-form and the functional structure, many firms employ a mix of these two organizational forms, called a matrix structure. In a matrix structure, for example, the firm can be organized according to strategic business units (along a horizontal axis, like in the M-form), and also have a second dimension of organizational structure (along a vertical axis). In this case, the second dimension can consist of different geographic areas, each of which generally would house a full set of functional activities. The idea behind the matrix structure is to combine the benefits of the M-form (domain expertise, economies of scale, and the efficient processing of information), with those of the functional structure (responsiveness and decentralized focus).

What groups are most susceptible to groupthink?

Groupthink is more likely to occur in groups in which the members are feeling strong social identity—for instance, when there is a powerful and directive leader who creates a positive group feeling, and in times of stress and crisis when the group needs to rise to the occasion and make an important decision.

What is the best example of groupthink quizlet?

Which of the following is the best example of groupthink? Sally enthusiastically presents a new software program to her employees at the monthly meeting and asks for their feedback. She notes that a decision needs to be made within the hour. One employee voices strong support and quickly the others follow suit.

Which of the following is associated with groupthink?

Irving Janis identified eight signs that are closely associated with groupthink: illusions of unanimity, unquestioned beliefs, rationalization, stereotyping, "mindguards," illusions of invulnerability, and direct pressure on opposing views.

What are common groupthink results quizlet?

Terms in this set (16) Groupthink involves a deterioration of mental efficiency, reality testing, and moral judgement as a result of group pressures toward conformity of opinion.